Tuesday, May 24, 2022
HomeNFT NewsNifty News: Snoop's Grow-to Earn -- Is Dorsey’s tweet worthless or priceless?

Nifty News: Snoop’s Grow-to Earn — Is Dorsey’s tweet worthless or priceless?

The nonfungible token(NFT) that Jack Dorsey used to send the first tweet was sold for $1.

The iconic genesis tweet was sold for 1,630 Ether (ETH), valued at $2.9 million about a year ago on March 22, 2021. The highest current bid for this attempt to auction it is 10.3 ETH, worth about $31,739 at the time of writing, on NFT marketplace OpenSea.

The nonfungible token that Jack Dorsey used to make the first tweet on Twitter is not being offered for even 1% of last year’s auction price.

The genesis tweet made on Twitter by founder Jack Dorsey.

Its owner, Bridge Oracle founder Sina Estavi, hoped the tweet would generate at least $50 million dollars, half of which he said he would donate to charity after closing the auction in an April 7 tweet.

I decided to sell this NFT ( the world’s first ever tweet ) and donate 50% of the proceeds ( $25 million or more ) to the charity @GiveDirectly



https://t.co/cnv5rtAEBQ pic.twitter.com/yiaZjJt1p0

— Estavi (@sinaEstavi) April 6, 2022

Estavi seems to have grossly underestimated the price of the tweet. When he initially listed the item on OpenSea, the highest bid was valued at about $277. Currently, the average bid is about $8,731. Low interest in this bit of social media history could be an indication of a decline in the crypto industry’s frothiness. Although NFT trading volumes have been rising over the past month, they are still far from all-time highs. Volumes on Bitcoin (BTC), ETH and decentralized exchanges (DEXs) have also been dropping off.

Using NFT art to support Ukrainian refugees

Four Ukrainian artists living in Sydney are using the popularity of digital art in NFT form to generate funds to aid over five million refugees from the embattled nation. The OpenYourHeart campaign hopes for at least $5million from the sale four limited-edition NFTs as well as ETH donations to Habitat for Humanity (a charity that builds houses). The auction will take place on May 5.

Olena Vigovska is one of the four artists and feels that the auction will allow her to help her relatives back in Ukraine.

“My friends and relatives are still back in Ukraine and any opportunity to help them is precious.”

NFT art by Ukrainian refugee Tetiana Koludenko.

Among the four works of art will be three paintings and one photograph that heavily incorporate the colors blue and yellow, like the Ukrainian national flag. The gallery is located in Australia and the auction will be held online.

First WNBA team to issue NFTs

The New York Liberty WNBA team will kick off its 26th season for the league with an NFT drop to commemorate its home opener against the Connecticut Sun on May 7.

Proud to be the first #WNBA team to launch an #NFT. Nail art. Digital art. 2022 season. 1/3 pic.twitter.com/tIcrSu8PAj

— New York Liberty (@nyliberty) April 18, 2022

The collection of 400 NFTs will be minted before game time and sold on Polygon for $50 each. The NFT will be given to you free of charge if you buy a ticket and whitelist your wallet address before May 1. Ticket prices start at $55. Each NFT depicts a rotating numbered nail polish bottle with the message “From the home opener” for the team.

OKcoin to launch an NFT marketplace

Crypto exchange OKcoin is set to launch its own NFT marketplace, which it says will have zero fees and no limit on the royalties creators can earn on secondary purchases.

OKcoin CEO Hong Fan announced the marketplace on Tuesday and said the exchange would drop an exclusive NFT collection which members of the waitlist will get their first crack at.

By lifting the cap on creator royalties, Fong said that the marketplace will further “empower creators with NFTs in the same way that blockchain technology empowers financial freedom with cryptocurrency.”

Snoop to grow greener pastures

Crypto investor and marijuana connoisseur Snoop Dogg is combining two of his passions by partnering with the MOBLAND metaverse platform to cultivate weed farms.

MOBLAND plans on releasing a limited collection of digital weed farm NFTs along with content from NFT artist Champ Medici. The platform will also introduce the concept grow-to earn to its weed farms. This offers unique utility and benefits for digital land owners.

Other Nifty News

American crypto exchange Coinbase has launched the beta version of its long-awaited NFT marketplace. Early testers will be able to purchase and sell NFTs, and create online profiles.

Crypto exchange Kucoin’s venture capital division has committed $100 million to help artists and creators scale up their business operations to larger audiences. These funds will be linked to the exchange’s NFT marketplace, which puts it in competition with OKcoin’s similar marketplaces.

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Henry Hicks
Henry Hickshttps://nonfungibletalk.com
NFT and Crypto Enthusiast. Loves Travelling and Exploring the Metaverse!
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