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NFTs

“This is all mainly crypto people buying crypto things to boost the stature of crypto so they can sell other crypto things, it’s a bunch of Harold Hills.”

“The first tweet that Twitter Inc. Chief Executive Jack Dorsey posted to the microblogging site in 2006 has sold as a nonfungible token for about $2.9 million, the latest digital collectible to haul in more than $1 million amid a flurry of interest from buyers.The winning bidder, Malaysia-based blockchain company Bridge Oracle CEO Sina Estavi, technically owns a digital certificate of the tweet—“just setting up my twttr,” according to Valuables, an NFT marketplace for buying and selling tweets that ran the auction. NFTs work on the blockchain, similar to cryptocurrencies like bitcoin, and serve as digital certificates of authenticity for everything from art to memes. Mr. Dorsey’s tweet itself will continue to live on Twitter, Valuables said, adding that the digital certificate is signed using cryptography and includes the tweet’s metadata such as when the tweet was posted. “This is not just a tweet!” Mr. Estavi tweeted Monday. “I think years later people will realize the true value of this tweet, like the Mona Lisa painting.”

“Manna for the world’s dumbest and richest artists, buyers, sellers, galleries, and museums.”

“I believe that the NFT market supports positive change through the crypto revolution. It is the crypto revolution that will create real political action to support green energy and sustainability. With more equitable wealth distribution, democracies also have shifts of power away from corporate hegemony into political representation of the people – and the people want sustainably and change. NFTs are part of the solution. There are endless possibilities and it will become the greatest creative renaissance in human history.

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