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.
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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
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