Mar 072021
 

… but *this* I just don’t get:

Want to buy this tweet?

The highest offer is $2500000 by @sinaEstavi

What are the terms of this transaction and what does it mean to own a tweet? 

The tweet itself will continue to live on Twitter. What you are purchasing is a digital certificate of the tweet, unique because it has been signed and verified by the creator.

This autographed digital certificate will only be issued once on Valuables. It is signed using cryptography, and includes metadata of the original tweet like: when the tweet was posted, what the text contents are of the tweet, the timestamp of the tweet, and the digital signature from the creator’s crypto wallet address. 

Why would I pay to own a tweet?

Owning any digital content can be a financial investment, hold sentimental value, and create a relationship between collector and creator. Like an autograph on a baseball card, the NFT itself is the creator’s autograph on the content, making it scarce, unique, and valuable.

Why would someone buy a single tweet for $2.5 million when they can buy US Bomber Projects #1 for a mere $4.25?

 Posted by at 7:13 pm