NFTs News

The Tweet DAO Is Selling NFTs For The Right To Tweet

With the rise of NFTs and DAOs, as well as the impact of Twitter, it was only a matter of time before someone combined the three. Meet Tweet DAO, a group of people united by an NFT collection and a single Twitter account.

The basic concept is that the decentralized autonomous organization’s designers are selling NFTs in the form of eggs. Those that purchase the egg NFTs are entitled to one tweet each day from the account. However, there appears to be no verification of the tweets’ quality. It’s a free-for-all.

“I believe in taking care of myself, and a balanced diet and a rigorous exercise routine. In the morning, if my face is a little puffy, I’ll put on an ice pack while doing my stomach crunches. I can do a thousand now,” says one tweet, quoting Patrick Bateman in American Psycho.

Interestingly, many tweets are full of support for the idea itself. Many of them are promoting the eggs, possibly in an attempt to increase the value of their own NFTs, while the creators remain anonymous behind the shared account. “This Twitter account is the dumbest idea I ever heard, yet it may be the next Ether Rocks,” referring to an early NFT collection that skyrocketed in value last year.

Some tweets promote the owner’s own NFT project or try to sell one of their own NFTs. One tweet is trying to trade a Pudgy Penguin NFT for $8.8 ETH ($30,700). Other tweets are, predictably, irregular and random. Some mention well-known crypto concepts such as the UpOnly podcast, key crypto figures such as Do Kwon and Elon Musk, and even a cult NFT collection known as Milady Maker. In Morse code, one person tweeted the phrase “go sleep anon.”

If the concept takes off, it might do well for the NFTs’ creators. The collection is priced on a sliding scale ranging from 0.1 ETH ($340) to 1 ETH ($3,400), with the price increasing by 0.1 ETH for every 100 NFTs sold. That means the creators might earn up to 500 ETH ($1.7 million) from the collection.

However, some members of the community are concerned that if the account is found to be in violation of Twitter’s rules, it will be closed. Twitter has various rules in place regarding automated accounts and accepting fees for tweets. According to one tweet “Please @jack don’t ban it,” in reference to Twitter’s former CEO, Jack Dorsey. Others were a little more self-reflective. One said: “I just paid $2,000 to tweet this. How thin the line between genius and madness.”

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

KAZ

CoinCu News

Victor

Recent Posts

Bitcoin Trader Turned $100M in His 20s—Now Reveals 5 Altcoins to Build a $50M Portfolio, With Memecoins Leading the Way!

As Bitcoin reaches unprecedented heights and the market surges, he's highlighting five altcoins poised for…

36 minutes ago

Which Crypto Will Explode in the 2024-2025 Bull Run?

With the crypto market reaching new peaks, many are eager to discover digital currencies poised…

41 minutes ago

Dogecoin and Shiba Inu Approach $1, but All Eyes Are on XYZVerse’s Push to $10!

XYZVerse, blending sports passion with meme energy, is set to make a significant impact, uniting…

49 minutes ago

Will Bitcoin Crash or Soar Past $105K in 2024?

Will Bitcoin Crash?" seems to be one of the most controversial questions, as the price…

2 hours ago

The Best Crypto for Passive Income? 10% Weekly Gains and 20% Final Surge—Qubetics Mirrors Cosmos’ Early Success!

There’s always that one coin people wish they hadn’t overlooked. For many, Cosmos ($ATOM) is…

3 hours ago

Cosmos Developer Interchain Foundation Sold 3000 ETH Today

Cosmos Developer Interchain Foundation sold 3000 ETH from its ICO today, totaling 21,600 ETH sold…

3 hours ago

This website uses cookies.