A twitter account has simply posted a profile image price USD 500,000. It’s set other than an everyday Twitter profile image by the distinctive hexagon surrounding it.
However how may a profile image ever be price USD 500,000? The reply lies within the new definition of luxurious.
For eons, luxurious has meant exclusivity, the possession of collectibles, and the enjoyment of finer issues in life — a first-class ticket to New York, a penthouse in Paris, or a model new Van Cleef & Arpels timepiece.
However now, luxurious has moved to the digital world, with possession expressed by way of NFTs, or non-fungible tokens. In essence, an NFT denotes possession of a one-off piece of digital property, corresponding to art work, buying and selling playing cards, comedian books, and extra. This certificates of possession is etched onto the blockchain, an indelible sequence of distributed ledgers that may’t be compromised.
As soon as the protect of innovators and early adopters, NFTs have now gone mainstream, with collectors piling in to accumulate possession of digital belongings, and even common shoppers dabbling repeatedly in NFT artwork.
The rise of the NFT and possession of distributed belongings is inextricably linked to the motion in direction of a decentralised Net 3.0, coupled with the rise of cryptocurrency and Decentralised Finance (DeFi).
As NFTs enter public consciousness, social media platforms are leaping on the likelihood to innovate their choices. Twitter has leapt to the pinnacle of the queue, permitting NFT-owning customers to proudly show their acquisitions.
NFT profile photos are distinguished by a hexagonal body versus round. On the backend, Twitter has launched a verification course of for such NFTs, the place the digital asset is verified through a linked Ethereum pockets.
So in style has this transfer turn out to be that the hashtag, ‘#NewNFTProfilePic” has taken on a lifetime of its personal on the platform, as homeowners proudly show their digital artwork.
NFTs are available in many flavours and value factors, starting from just a few {dollars} to multiples of hundreds of thousands. This explicit show image is particular.
It’s referred to as BoredApeYachtClub #575, a part of the Bored Ape Yacht Membership (BAYC) NFT assortment. Since launch, the sequence has turn out to be immensely covetable and a sign of utmost exclusivity. Celebrities are lining as much as personal one, with the star-studded possession solid together with Madonna, Justin Bieber, basketball stars Shaquille O’Neal and Stephan Curry, Jimmy Fallon, and Kevin Hart, to call however just a few.
Bored Ape Yacht Membership NFTs habitually promote for hundreds of thousands of {dollars}. Earlier than this record-breaking profile image, one other referred to as Bored Ape #232 bought for 1,080.69 tokens of Ether, which was about $2.82 million then. The most affordable BAYC ape, #2260, is 99.99 ETH, or $313,175.68.
The account behind the image belongs to Quint (@projectquint on Twitter). Quint describes itself as a enterprise linking the metaverse to the actual world, with buyers within the Quint token unlocking real-life rewards along with sturdy crypto returns by way of revolutionary super-staking swimming pools.
A Boutique NFT Market takes delight of its place within the Quint ecosystem, the place shoppers can request tailored NFTs designed by artists they like. Their freshly minted NFTs are registered on the blockchain, and are additionally put in into bodily token frames that get delivered to their doorstep.
Quint can be curating an unique assortment of limited-edition NFT collections made obtainable to connoisseurs at auctions. Consider it as a digital Louvre of latest art work — besides that these artworks can be found to collectors.
In contrast to the anonymity that almost all crypto and NFT ventures appear to desire, Quint has brazenly said its mission of “Connecting the Metaverse to the Actual World” and has declared its business veteran group to the general public.
Quint’s Managing Companion is business titan Rahul Chaudhary, who can be Managing Director of CG Corp International. He heads the world’s solely true Nepalese multinational conglomerate with a historical past stretching again 140 years and spanning 4 generations. Listed within the Forbes International Record since 2013, the multibillion-dollar Group encompasses 79 manufacturers and 167 firms throughout a variety of geographies and sectors.
As an avid technologist, futurist and investor, Chaudhary says he commissioned the Quint ecosystem to handle the problems and shortcomings he finds in third-party funding alternatives. He desires to redefine luxurious to embody each the bodily and digital worlds — and hyperlink the 2.
Future Plans
Quint has already begun the presale of its Quint token, inviting buyers to take part on the bottom flooring earlier than valuations skyrocket on the official launch. Seven days after presale shut, Quint is about for a giant launch on Pancake Swap on April 21st, 2022.
In the mean time, BoredApeYachtClub #575 is proudly displayed on the @ProjectQuint’s twitter deal with. Solely time will inform what Quint’s plans for its unique new digital art work are.
