Miami, United States, 18th Aug 2022, Jack Dorsey’s first-ever tweet, which sold as an NFT (or non-fungible token) in March 2021 for over $2.9 million, is now only worth thousands of dollars. (MIAMI, FL) – Back then Jack Dorsey, then-CEO of Twitter, auctioned his first tweet as an NFT and a collector purchased it for 1630.58 Ether, which was worth $2.9 million at the time. One year later, the buyer relisted the same NFT for sale on OpenSea and announced that he planned to donate 50% of the proceeds to charity. The highest bid it received? $9968 – a $2,905,867 drop in value. Despite the low bid, NFTs still have tremendous value today. In the same month it received the $9668 bid, the market entered hype mode with monthly trading volume on OpenSea jumping to $2 billion, up from $150 million just one year prior. “We can change this narrative” says Dr. Ravi Singh, Founder of SocialPayMe, the first ever online platform and marketplace dedicated exclusively to social media NFTs.
“The platform allows influencers to monetize their social media profiles by attracting and collaborating with relevant brands and minting their social media posts into NFTs. It also allows brands to buy and own those NFTs for marketing assets or future use, and provides influencer authentication and insights on performance and value. Followers can also finally get rewarded for their engagement and loyalty by purchasing NFTs from their favorite influencer and collecting or reselling them on…
