Twitter is giving out 140 Ethereum NFTs that can be seen on Rarible

Quick Take

  • Twitter has released a set of seven NFTs, with 20 available in each design.
  • It’s put them on NFT marketplace Rarible but is handing them out directly.

Social media platform Twitter is giving out 140 NFTs today, featuring seven different designs. The NFTs can be seen on popular NFT marketplace Rarible. 

NFTs, or non-fungible tokens, are blockchain-based tokens that represent anything from audio to video files. In this case, the NFTs are all short GIFs related to Twitter in various ways, including playful animations and characters interacting with some aspect of the platform’s brand.

One NFT called Furry Twitter shows a furry three-dimensional version of Twitter’s logo. Another is called Reply Guy, representing someone who always comes up with the same reply. First Born features Twitter CEO Jack Dorsey’s first ever tweet.

Vitamin T features a number of personalized vitamins. Image: Twitter.

Twitter is handing out the NFTs directly to people who reply to its main tweet announcing the giveaway. It has already handed out a few of them.

Even though the NFTs are not for sale, Rarible appears to show some bids ranging from 0.12 wETH (a wrapped version of ether that has the same price), worth $255 up to 1 wETH ($2,130).

According to Twitter’s terms, which are governed by California state law, the owner of the NFT is allowed to display the artwork for their own personal, non-commercial purposes. But beyond that, Twitter retains the right and title to the artwork.

NFT owners cannot use the tokens in connection with any product or service that is not a part of Twitter, or in any way that will tarnish its brand. If NFT owners violate the terms set forth by the social media platform, they will be required to pay a fee of $100.

Twitter joins an ever-growing list of brands, celebrities and companies that are minting tokens and auctioning them off. Last week, musician and entrepreneur Jay-Z set up his first NFT sale at auction house Sotheby’s — and put a CryptoPunk NFT as his Twitter profile picture.

Earlier this week, Twitter and Square CEO Jack Dorsey said music streaming service Tidal (which Square acquired earlier this year) is also interested in exploring NFTs as a way to compensate artists.


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Rarible enjoys the NFT boom

Rarible experienced a significant increase in trading activity in tandem with the NFT boom that took place earlier this year. In fact, the platform recently announced it had raised $14.2 million in funding in a Series A, part of which it plans to use to launch a marketplace on the Flow blockchain. 

However, the platform has also encountered its fair share of issues with sales. In November 2020, The Block reported on claims from some Rarible users that verified artists with large followings on the platform were engaging in wash trading — artificially inflating their buying and selling activity to make profit.

Despite this, the platform remains one of the most popular marketplaces in the NFT space.

Update: The NFTs are not for sale but are being handed out directly on Twitter.

Image courtesy of Rarible and Twitter

© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

About Authors

Tim is the Editor-In-Chief of The Block. Prior to joining The Block, Tim was a news editor at Decrypt. He has earned a bachelor's degree in philosophy from the University of York and studied news journalism at Press Association Training. Follow him on X @Timccopeland.
Saniya More (pronounced: Saan-ya Mo-ray) is a quadrilingual journalist at The Block. She got her master’s degree from the Columbia University Graduate School of Journalism and did her undergraduate degree at the S.I. Newhouse School of Public Communications, Syracuse University. Her work has appeared in CBS News, Bangkok Post, Thai Enquirer, Globalists, Byline Times and other publications. When she’s not chasing a story, you will most likely find her biking, tweeting, taking photos or creating Spotify playlists for every occasion.