Elon Musk's "Doge" Tweet Is Now a $7,777 Crypto Token
- The Valuables platform tokenizes popular tweets and puts them up for auction.
- The project seeks to help influencers monetize social media success by creating new money streams.
- Elon Musk’s infamous “Doge” tweet is currently the most expensive tokenized Tweet.
Decentralized social networking platform Valuables has been busy tokenizing popular Tweets and putting them up for auction. The most valuable Tweet is one from Tesla founder Elon Musk.
Musk Tweet Worth More Than $7,000
Users can now bid on any tweet made by a public Twitter account. If the seller accepts, the tweet is then minted into an NFT.
This NFT is digitally signed and verified, akin to a collectible baseball card.
The tokens also include the tweet’s metadata, such as 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. The metadata lives on Matic Network.
Users can make counter-offers in 10% increments of the highest bid or $1, whichever is higher.
Sellers need to sign-in on the Valuables website via their Twitter account to review and accept any bids made on their tweets. The seller receives 95% of the proceeds in ETH, whereas the remaining 5% goes to the platforms team as fees.
All sales are final. Once a tweet has been minted, it can no longer be minted again. However, tweets can be sold and resold infinitely. At present, users cannot sell their NFT, but the team is working on this feature.
Currently, Elon Musk’s “Dodge” tweet has the highest bid of $7,777.77, whereas David Rudnick’s tweet sold for $1,920, the highest sale to occur on the platform thus far.
NFTs are gaining traction rapidly. Beeple’s “Everydays” NFT collection fetched a staggering $3.5 million in December 2020.
The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.
You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.
See full terms and conditions.
Source: Read Full Article