With the rise of NFTs and DAOs, in addition to the impression of Twitter, it was solely a matter of time earlier than somebody mixed the three. Meet Tweet DAO, a bunch of individuals united by an NFT assortment and a single Twitter account.
The fundamental idea is that the decentralized autonomous group’s designers are promoting NFTs within the type of eggs. People who buy the egg NFTs are entitled to 1 tweet every day from the account. Nevertheless, there seems to be no verification of the tweets’ high quality. It’s a free-for-all.
“I consider in caring for myself, and a balanced weight loss program and a rigorous train routine. Within the morning, if my face is slightly puffy, I’ll placed on an ice pack whereas doing my abdomen crunches. I can do a thousand now,” says one tweet, quoting Patrick Bateman in American Psycho.
Apparently, many tweets are filled with assist for the concept itself. Lots of them are selling the eggs, probably in an try to extend the worth of their very own NFTs, whereas the creators stay nameless behind the shared account. “This Twitter account is the dumbest thought I ever heard, but it could be the following Ether Rocks,” referring to an early NFT assortment that skyrocketed in worth final yr.
Some tweets promote the proprietor’s personal NFT venture or attempt to promote considered one of their very own NFTs. One tweet is attempting to commerce a Pudgy Penguin NFT for $8.8 ETH ($30,700). Different tweets are, predictably, irregular and random. Some point out well-known crypto ideas such because the UpOnly podcast, key crypto figures corresponding to Do Kwon and Elon Musk, and even a cult NFT assortment generally known as Milady Maker. In Morse code, one individual tweeted the phrase “go sleep anon.”
If the idea takes off, it would do properly for the NFTs’ creators. The gathering is priced on a sliding scale starting from 0.1 ETH ($340) to 1 ETH ($3,400), with the worth growing by 0.1 ETH for each 100 NFTs bought. Meaning the creators may earn as much as 500 ETH ($1.7 million) from the gathering.
Nevertheless, some members of the neighborhood are involved that if the account is discovered to be in violation of Twitter’s guidelines, it is going to be closed. Twitter has numerous guidelines in place relating to automated accounts and accepting charges for tweets. Based on one tweet “Please @jack don’t ban it,” in reference to Twitter’s former CEO, Jack Dorsey. Others had been slightly extra self-reflective. One said: “I simply paid $2,000 to tweet this. How skinny the road between genius and insanity.”
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