Twitter gives away a collection of 140 NFTs

Twitter Inc. on June 30 has announced the launch of its own collection of non-fungible tokens (NFT), which will be available on Rarible. The company will give away 140 new NFTs, the social network’s first official raid into digital assets, which are growing popular since the beginning of the year.

On Wednesday, the San Francisco-based company posted seven different NFTs on Rarible, a third-party platform for buying and selling digital assets, saying it will give away 20 versions of each to interested users.

As a Twitter spokeswoman said, the company is not selling NFTs or collecting money in exchange for the images. Recipients will be picked out the group of people who show interest in them on Twitter and Rarible. Twitter users can reply to the tweet for the chance to get one of 140 NFTs.

NFTs, which means art or video clips tied to a certificate of authenticity stored on the blockchain, have become popular in conversations on Twitter. According to the company report, there are more than 29 million tweets about NFTs have been posted since the start of the year. The company’s experiments with NFTs began because of that growing buzz.

Although the spokeswoman also said that Twitter has no planned yet other projects related to NFTs beyond this campaign.

Twitter’s CEO Jack Dorsey is known as a sound believer in digital assets, including Bitcoin and other cryptocurrencies. In March, he attracted much attention to NFT as he sold a tokenized version of his first tweet for $2.9 million on the NFT platform Valuables. Later he donated the proceeds to GiveDirectly to aid the COVID-19 response in Africa.

Source: https://news.yahoo.com/twitter-dives-nfts-offers-newly-180615419.html