NFTs depicting an egg are selling like hot cakes. These digital works give the owners the right to post anything and everything on a dedicated Twitter account.
The rise of non-fungible tokens (NFTs) has given rise to amazing projects. Recently, netizens have started buying NFTs depicting eggs. The initiative was launched by a CAD (Decentralized Autonomous Organization), a decentralized autonomous organization comprised of Internet users investing collectively for a common purpose The Tweet Dao.
The concept is as simple as it is amazing. The DAO started 1000 NFT representing eggs on the OpenSea platform. Individuals who purchase one of these digital eggs have the right to post anything on a dedicated Twitter account.
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You can tweet anything with NFTs representing eggs
Specifically, they connect their digital wallet containing the NFT to a website. They can then upload all their thoughts to the Twitter account. Obviously there is no limit on the content of tweets. In particular, we find committed messages, meaningless messages and humorous publications. The lack of moderation also prompted Twitter to temporarily suspend the account.
“However, each egg entitles you to one tweet from the account per day.” You can’t flood the account with your messages.” “It’s not an investment, there’s no grand mission, and there’s no roadmap. It’s just an idea that seemed interesting,” the netizens behind the DAO explain on the Twitter account.
Despite the oddness of the concept, egg NFTs have value has skyrocketed since the start of the project. Initially, each non-fungible token was offered at a price of 0.1 ether, or around 320 euros. According to DAO, the next batch of eggs will be priced around one ether. This cryptocurrency is currently traded around 3200 euros.
Note that the operation of the project has encountered a hiccup. A flaw in the smart contracts used to secure the process will make this possibleRelease 10,000 Eggs instead of 1000. “We don’t want to increase the number of people who control the account to more than 1000,” says the DAO. In particular, to solve the problem, she will compensate those who recover the oocytes that should not be created.