Twitter is giving away 140 free NFTs to followers — and they’re not available any other way

• TwittembeddedTwitter is giving away 140 NFTs for free to its followers in a giveaway campaign launched on June 30.
• According to Rarible, there are seven unique NFTs in editions of 20 up for grabs which include ‘The Reply Guy’, various renditions of the Twitter logo, ‘Vitamin T’ and others.
• Twitter’s Jack Dorsey and rapper Jay-Z are also reportedly planning to add NFTs and smart contracts to the music streaming platform Tidal, which they co-own.

If you want to get your hands on a Twitter non-fungible token (NFT), you can’t simply buy it off one of the many NFT platforms — you’ll have to fight other followers to score one for free.

The official account has even changed its bio description to “dropping NFTs all day.”


The Jack Dorsey-owned social media platform is giving away 140 non-fungible tokens (NFTs) in a free giveaway campaign, which includes various renditions of the Twitter logo like Furry Twitter, Rare Form and Twitter Jggl.


Rarible, the NFT platform that is hosting this giveaway, disclosed that there are seven unique NFTs in editions of 20 up for grabs. The first one up for grabs was ‘Reply Guy — The man behind mansplaining’.


Twitter’s co-founder CEO is doubling down on NFTs

Jack Dorsey, the man behind Twitter, has always been a strong supporter of Bitcoin. Last week, he said that he would leave his financial payments company Square and Twitter to work on Bitcoin if it needed more help.


In March, the American tech billionaire joined the NFT craze when he sold his first-ever tweet for $2.9 million as an NFT on Valuables. The buyer, Hakan Estavi — chief executive at Bridge Oracle — said the tweet was as valuable as fine art, like the Mona Lisa.

Dorsey and rapper Jay-Z are also reportedly planning to add NFTs and smart contracts to the music streaming platform Tidal, which they co-own.

Here are the other NFTs that Twitter is putting up for grabs:

1. Vitamin T
   

2.Furry Twitter

3.Twitter Jggl

4. Rare Form

5. First Born

6. Building Characters

What are NFTs?

NFTs aren’t fungible, as the name implies. This means that each NFT is unique and one can’t be switched out for another, as in the case for Bitcoin or Ether. It’s like the deed to your house or the registration of your car. Yes, it has value, but one can’t be switched out for another — even if they have the same price.

Like Twitter, Reddit is also launching NFTs of its famous alien mascot, CryptoSnoo — only they’re not free but being auctioned off on the NFT platform OpenSea.

However, the debate over whether the NFT fad is just a bubble or a real solution is still ongoing. Coinbase co-founder, Fred Ehrsam, told Bloomberg TV that 90% NFTs would be worthless within the next three to five years. Meanwhile, more and more organisations are jumping on the NFT bandwagon from Formula 1’s $100 million sponsorship deal to crypto exchanges branching out into offering NFT marketplaces.

For a more in-depth discussion, come on over to Business Insider Cryptosphere — a forum where users can deep dive into all things crypto, engage in interesting discussions and stay ahead of the curve.

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