‘The First Tweet’ – which sold for $2.9 million in March – has been the most searched for NFT this year
The first tweet sold for $2.9 million in March, and has been the most searched for NFT this year. It was a rare moment of clarity in an industry that is still trying to find its footing.
The first tweet sold is a NFT that was sold for $2.9 million in March. It has been the most searched for NFT this year.
Last year, everything, even art, became digital. The popularity of non-fungible tokens (NFTs) skyrocketed in 2021, with many celebrities and artists creating their own virtual works.
As a result of the increased demand, the price of NFTs has risen dramatically, with the most expensive NFTs ever sold this year, indicating strong investor interest. Dolce & Gabbana broke the global record for the most expensive NFT ($6 million) on September 30th. As NFTs grow more popular and accessible, they have a significant detrimental impact on the environment; Space Cat’s carbon footprint, for example, is equivalent to a month’s worth of energy use for an EU citizen.
Because NFTs are one-of-a-kind, they are costly. The artwork has always been valued since it was the only version accessible. Digital art, on the other hand, is considerably easier to copy and duplicate. NFTs tokenize art so that the owner has a sellable certificate of ownership that verifies the asset, since original memes may now fetch more than half a million dollars. ‘Disaster Girl,’ which sold for $473,000, and ‘Nyan Cat,’ which went for $590,000, were two online favorites that sold this year.
TRG Datacenters utilized Google Trends to discover which NFTs were the most popular in 2021, and which of the most costly pieces of artwork generated the most attention across the globe. It’s worth noting that Ethereum, the most widely used blockchain, consumes approximately 31 terawatt-hours (TWh) of energy each year, almost equal to the whole country of Nigeria (TRG Study).
‘The first tweet’ was the most searched for NFT in 2021. “Just setting up my twttr,” said Twitter creator Jack Dorsey in his first tweet in March 2006. In March 2021, Dorsey auctioned the tweet for charity to Sina Estavi, a Malaysian bidder who paid $2.9 million in Ether cryptocurrency.
The second most popular NFT was ‘Hashmasks,’ a live art collectable comprised of 16,384 distinct digital portraits created by more than 70 artists from across the globe. Over the course of three days, one of the items made a 100,000 percent profit. The most costly piece was only ranked sixth in the top ten’most popular’ items. Mike Winkelmann (Beeple) produced the work, titled ‘Everdays: the First 5000 Days,’ which is a collage of 5000 photographs. In February 2021, it sold for $69 million, making it the most expensive NFT ever sold.
Grimes, an ex-partner of crypto guru Elon Musk, became engaged with the NFTs as well, and was among the top five most popular. The Canadian singer sold a total of ten pieces, with ‘Death of the Old’ being the most popular, including cherubs, a crucifix, a sword, and blazing light set to an original Grimes soundtrack. Two more works, ‘Earth’ and ‘Mars,’ each with thousands of copies, fetched $7,500 per copy before sales concluded, with almost 700 copies sold.
The ten most searched for NFT art works in 2021, according to TRG Datacenters, were:
The initial tweet, which sold for $2.9 million, was the first of its kind.
Hashmasks, which fetched $16 million,
For $4 million, Doge NFT was sold.
The NFT Grimes was sold for $6 million.
Everydays: the First 5000 Days, which sold for $69 million, was a huge success.
The NFT of Rick and Morty was sold for $1.6 million.
For $6.6 million, Crossroads NFT was sold.
#7804, CryptoPunks, sells for $7.5 million.
For $1.5 million, the Genesis estate NFT was sold.
NFT, the source code for the World Wide Web, was sold for $5.4 million.
“NFTs depend on blockchain technology, which is having an increasingly negative impact on the environment, with many of these digital assets using as much energy as a small nation.” Most NFTs are part of the Ethereum blockchain, which has been chastised for having a carbon footprint equal to 140,893 Visa credit card transactions in a single transaction. By early 2022, Ethereum has pledged to reduce its energy usage by 99 percent. As NFTs become increasingly widespread, it’s essential that they take measures to protect our environment as their popularity grows.”
. He is an early user of blockchain technology and a cryptocurrency enthusiast in India. After a few years in space, he founded IBC in 2016 to assist other early adopters in learning about the technology. Hitesh established four businesses in the cyber security and IT sector prior to joining IBC.
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The twitter nft meaning is a digital asset which was created by Jack Dorsey. It’s the first tweet, which has been sold for $2.9 million in March.