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The NFT of Jack Dorsey’s first tweet sold for $3 million

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Jack Dorsey has announced that he has sold the NFT of his first tweet, which went on sale a few days ago.

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The NFT was purchased by user SinaEstavi at a cost of about 1,630 ETH, which was about $2.9 million at the time of purchase.

Dorsey then stated that he converted the ETH into bitcoin, and then donated it to poor people in Africa through GiveDirectly.

GiveDirectly commented:

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“Incredible – huge thanks Jack and SinaEstavi – looking forward to getting this $ into recipients’ hands soon”.

So, as was to be expected, Dorsey’s initiative was for charitable purposes, so much so that the entire sum collected by Twitter’s founder for the sale of this NFT that uniquely represents his first tweet was donated to charity.

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Dorsey is no stranger to such initiatives, and usually, as is his style, donates bitcoin. For this reason, he did not donate the ETH directly, but first converted them into about 50 BTC, and then donated those.

NFTs lend themselves very easily to similar uses, since on the one hand, they allow for the sale of unique digital collectibles, while on the other, it is common practice to offer collectibles for sale in order to donate the proceeds to charity.

Jack Dorsey’s first tweet becomes a unique NFT

In fact, the NFT created by Dorsey uniquely represents his first tweet, and in the event that the same author does not decide to issue other similar NFTs in the future, this will be the only NFT in the world to represent the first tweet of the founder of Twitter.

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In fact, NFTs are technically neither duplicable, nor falsifiable, nor modifiable, but only exchangeable. Moreover, it is possible to publicly verify both their scarcity and the public address of the user who generated them. In other words, in this specific case, for instance, it will always be possible for anyone to publicly verify that the NFT was created by Jack Dorsey, and is the only one of its kind in circulation.

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Reddit Working on NFT Platform

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The Reddit message board is getting into the NFT market, a new job posting suggests

Online message board Reddit is preparing to develop a platform for non-fungible tokens, according to a new job posting.

The San Francisco-headquartered company is looking for a senior backend engineer who will be responsible for building services that will make it possible for “millions” of users to mint and trade NFTs.

The job description highlights the importance of NFTs, predicting that they are going to “rewrite” the way we think about goods. It highlights a slew of use cases that are linked to the new technology:

Beyond visual art, there are already NFTs for music, videos, articles, and even memes. Many believe that NFTs will become the standard for items in online games, as well as items in the eventual metaverse.

Five years of experience in backend development and the ability to design complex distributed systems are the key qualifications required for the position.

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Reddit co-founder Alexis Ohanian is a big fan of Ethereum and NFTs. At the MET Fashion Gala, he even wore a CryptoPunk NFT that he purchased for his wife, Serena Williams.

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Playboy Releases Ethereum-Based Rabbitars NFTs, Presale Begins in 2 Days

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Playboy has created Ethereum-based Rabbitars NFTs as ERC-721 tokens. The project’s website describes Playboy Rabbitars as a “lagomorphic-themed civilization of unique and non-fungible rabbits.” There are 11,953 of them, inspired by Playboy iconography, heritage and lore.

The news was shared by Chinese crypto journalist and blogger Colin Wu. He posted a screenshot from the project’s website, featuring some of the Playboy Rabbitars.

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The sale will begin in two days at a mint price of 0.1953 ETH ($803). The website explains that in order to become an owner of such an NFT, a user needs to set up a Metamask wallet. However, NFTs will be available for sale both for fiat and crypto.

Those who want to pay in ETH need to load up their wallet at least two days before the sale starts. Presale for ETH will begin on Oct. 24. The public sale for U.S. dollars will start on Oct. 26, and the next day, users will be able to buy Rabbitars for ETH.

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Source: playboyrabbitars

It is possible to order 1-2 NFTs during the presale. At a public sale, one user is allowed to buy up to ten Rabbitars.

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Mars Land NFTs Released on Ethereum, MARS4 Tokens Listed on Bittrex, Sushiswap

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Here’s how land plot on Mars can be obtained in a new-gen manner through NFT marketplace

Shortly after the release of an eccentric NFT-focused metaverse, the Mars Land project sees its core native utility asset, MARS4, listed by Tier 1 centralized exchange Bittrex and leading DEX SushiSwap (SUSHI).

Here’s how NFT instruments allow crypto enthusiasts to purchase land on Mars

The Mars4 team behind Mars Land, a novel digital collectibles project, has modeled a 3D map of Mars’ terrain based on the latest NASA data. The total area of Mars’ terrain is divided into 99,888 tokenized plots.

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Then, the NFTs associated with segments of Mars Land are available for sale as non-fungible tokens. Mars Land NFTs are minted on Ethereum (ETH) blockchain and can be utilized in various digital economic initiatives.

Namely, Mars NFTs can be locked for staking and utilized for liquidity mining; therefore, Mars Land NFTs evolved into a full-stack instrument of passive income for cryptocurrency enthusiasts with various levels of expertise.

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Mars Land NFTs are released in batches; 10,000 tokens are listed per epoch. Starting from Epoch 1, 51% of the income generated is redistributed among current NFT holders. By mid-October, there are more than 50,000 NFTs in circulation.

MARS4 listed on CEXes and DEXes: Why is this crucial?

Mars Land adheres to a dual tokenomic design: its architecture includes NFTs and MARS4 dollars. In total, there are four billion MARS4 tokens in circulation.

MARS4 tokens are now available on Bittrex, a veteran centralized cryptocurrency trading ecosystem. Bittrex offers the widest range of assets amidst all CEXes working in the United States.

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Also, MARS4 tokens can be purchased on leading Ethereum-based decentralized exchange, SushiSwap (SUSHI). On SushiSwap (SUSHI), MARS4 tokens can be staked as well.

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