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I Sold a Tweet About My Future Cat on the Blockchain and Helped Kill the Earth in the Process
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Screenshot: Gizmodo/Twitter
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Meet Larry, a very good boy, forthcoming addition to the McKay household, and possibly the subject of one of the first-ever cat tweets to live on for eternity in the Ethereum blockchain.
Screenshot: Gizmodo/Twitter
Meet Larry, a very good boy, forthcoming addition to the McKay household, and possibly the subject of one of the first-ever cat tweets to live on for eternity in the Ethereum blockchain.
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Larry’s blockchain adventure comes through no fault of his own (quite the opposite, actually). This weekend, we finalized arrangements to adopt Larry, and I was so excited I tweeted some of his shelter-provided photos; Larry is so photogenic and got 1,500 likes. He also attracted the attention of Twitter user @FatRaccoon, who offered to buy the rights to my tweet for $50 in Etherium’s cryptocurrency, ether, via a process I’m still not completely clear on, but involves a unique cryptocurrency tech called a non-fungible token (NFT).
Inside the burgeoning crypto art scene of NFTs - or nifties - which billionaires like Mark Cuban predict will join Bitcoin as the latest online currency
A Non-Fungible Token (NFT) is a unique digital token encrypted with an artist s signature which typically represents a still or moving image
NFTs are similar to cryptocurrencies like Bitcoin and Ethereum in that they live on blockchain networks - but they cannot be exchanged
The digital assets have both monetary and collectors value
NFTs have been around for years but their popularity has grown rapidly in recent weeks thanks to a few sales with very high price tags