Twitter Launches NFTs on Ethereum-based Marketplace Rarible

With the NFT marketplace blowing up and NFTs becoming extremely popular within and outside the cryptocurrency industry, the popular microblogging site, Twitter, has recently launched its NFTs.

In a series of tweets today, Twitter’s founder, Jack Dorsey, revealed that his social networking platform has launched a set of NFTs on the NFT marketplace, Rarible.

There are a total of seven Twitter NFTs already listed on the Rarible platform, however, they are all listed as “Not for Sale 20/20.”

Rarible is an NFT marketplace built on the Ethereum network. It allows art creators and collectors to create, collect, and trade these digital collectibles in the form of non-fungible tokens (NFTs).

Twitter’s NFT Involvement

Earlier this year, Twitter’s founder, Jack Dorsey had converted his very first tweet into an NFT. He listed the non-fungible token on the NFT marketplace, Valuables.

After several bids for the NFT, the digital “piece of art” was sold off on March 22 at the price of $2.5 million and was bought by Sina Estavi, the CEO of Bridge Oracle.

Dorsey had revealed even before the auction was completed that he would convert the proceeds from the sales from ETH to BTC and donate the funds to charity, which he subsequently did.

Following the launch of Twitter’s NFTs, which are yet to be given a price tag, several crypto analysts are speculating that Dorsey might also decide to convert the proceeds of the sale to BTC just like he did earlier.

While this is mere speculation, the entire crypto community on Twitter is hyped up about the launch of the Twitter NFTs.

A Strong Bitcoin Proponent

Dorsey has always been a strong advocate and supporter of bitcoin. Not only has he admitted to having only BTC in his portfolio, but he also supports the Bitcoin ecosystem in so many ways.

Earlier in February, he had teamed up with two top American hip-hop stars, Lil Wayne and Jay-Z to donate over $23.7 million to support bitcoin developers.