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Why would someone buy a tweet?
Every day, valuable moments happen within the span of a tweet. Turning these moments into NFTs captures that value in the form of digital collectibles. Purchasing an NFT from someone creates the beginning of a direct relationship between you and them. That’s pretty cool.
What does it mean to own a tweet?
What you are purchasing is a “digital certificate” of that tweet. The digital certificate is called an NFT, and it is signed by its creator’s @handle on twitter. Like an autograph on a baseball card, the NFT is the creator’s autograph on a digital file, making it unique and valuable.
What is an NFT?
NFTs are digital certificates of authenticity issued by their creators. As the owner of an NFT, you control where it is seen, if it can be transferred, when it is resold, and more. NFTs can fluctuate in value just like any other scarce asset or collectible.
NFTs “verify” content by minting it on the blockchain. The blockchain is a decentralized system of computers that is open for anyone to participate in. When you mint an NFT on the blockchain, essentially everyone in that system is saying “yep, this is the one!
What is Ethereum (ETH)?
Ethereum (ETH) is a cryptocurrency with real world value. You should definitely do your own research on how cryptocurrency works, but for now all you need to know is that you can convert ETH to traditional currencies like $USD using a service like Coinbase.
In order to interact with ETH, you’ll have to create a MetaMask wallet first.
What is MetaMask?
MetaMask is a digital wallet for ethereum and it adds on to your desktop’s browser as an extension. On mobile it will be its own standalone browser, and on desktop you can add it to Chrome or Firefox. Go to https://metamask.io to install it.
Warning! When you connect an ETH address (from metamask) to your twitter handle using Valuables, it can not be unlinked. You use this address to autograph tweets; it’s uniquely tied to your account.
How to use Valuables
How do I buy a tweet using Valuables?
Paste a tweet link into the search bar -or- search for a Twitter user.
Make an offer in USD. The minimum offer is $1 unless a higher reserve price has been set.
Click Notify Them to go back to Twitter and reply to that tweet, letting the creator know you have put an offer on it.
Your offer money will be held “in escrow” until your offer is accepted or rejected. If you are outbid, you will get a refund automatically. If your offer hasn’t been accepted or outbid after 24 hours, you may cancel it and receive an immediate refund, minus transaction fees. Transaction fees are paid to the ethereum network (not us) and are called “gas.”
How can I sell my tweets using Valuables?
Connect your Twitter account to Valuables (this verifies which tweets are yours).
Add MetaMask to your browser (this is so you can interact with the cryptocurrency Ethereum).
Click Profile and accept any of your offers. Or-
Paste the url to your tweet in the search bar and click Tweet It to let your followers know it’s for sale.
How long does an auction last?
There is no time deadline to an auction on Valuables. An auction will last until the owner of the tweet decides to accept an offer; or they could choose to never accept! 😜
No one is bidding on my tweet. Why?
People buy tweets for different reasons. Sometimes it’s because they love the tweet, other times it’s because they love who tweeted it. Some want to buy a tweet to support a cause - people choose to give proceeds from auctions to different causes. One person sold a tweet to pay off their loans. And other people liked that idea and joined in. Sometimes the story behind the tweet is so good, who wouldn’t want to buy it? Make sure you tell people why that tweet is for sale! What’s the story?
Can I gift a tweet to someone on Valuables?
Whose tweets can I buy?
Currently, you can make offers on any tweet authored by an account that does not protect its tweets (ie. public accounts only).
Can I make an offer on my own tweet?
No, but you can mint it to your gallery!
I got a notification on twitter about an offer on my tweet. What do I do next?
Sign in to Valuables and go to your Profile.
You will see all your open offers in the Offers tab.
Click Accept on an offer and wait for the MetaMask popup to ask for your signature.
Congratulations! You’ve earned ETH by selling your tweet. It should appear in your wallet within one hour.
How do I counter someone else’s offer on a tweet?
Your counter-offer must be an increase of 10% or $1, whichever is more.
Though all offers are shown in $USD, the minimum increase is based on the current offer’s value in ETH (which fluctuates).
What happens if my offer gets outbid?
Your money is automatically credited back to the balance in your digital wallet. The sender of the refund will be via Cent’s smart contract, which means it won't appear in your normal transaction feed. You can view the transaction on https://etherscan.io by inputting your wallet address, and then clicking the Internal Txns tab. There you will see a refund transaction for the full amount of your offer.
Cent’s wallet address is: “0xE14ab3Ee81aBe340b45Bb26b1B166a7D2dF22585”
And your wallet address will be similar, starting with “0x…”
Is there a way to set a minimum offer on Valuables?
Yes! We call it a reserve price.
Paste the tweet link into the search bar
Click Manage under the tweet
Type in reserve price and click Set
Can I update the reserve price once I’ve set it?
Yes, you can change or remove your reserve price. If you've received offers after you've set a reserve price, we do not allow changes to be fair to the buyers. Once a tweet changes ownership, the reserve price is reset.
What if the creator doesn’t accept my offer to buy their tweet?
If your offer hasn’t been accepted after 24 hours, you can cancel it and receive a refund for the amount offered, minus gas fees.
What if the creator changes their mind after accepting my offer?
Transactions on the blockchain are irreversible. You are now indisputably the owner of that tweet NFT. Of course, you can always sell it back to the original creator.
What if I change my mind after my offer is accepted?
Same as above.
Where does the money go?
95% of it goes to the tweet’s original creator. 5% of it goes to Cent.
On re-sales, 87.5% goes to the seller, 10% goes to the original creator, and 2.5% goes to Cent.
How does the tweet’s creator receive their money?
The money will be automatically credited to their digital wallet when they accept an offer. It can take up to an hour for the transaction to clear on the ethereum network. If it’s been over a day, please reach out to us at firstname.lastname@example.org
I haven’t received my refund!
Email us for a detailed transaction but you can also find your refund on Etherscan.io in your internal txn tab.
Paste your MetaMask address into the search bar on Etherscan.io
Scroll down to Transactions
Click the Internal Txns tab to the right of Transactions
Find the refund you’re looking for. You can use the Age column to find the date and time near when you cancelled your offer or got outbid on a tweet. You can look at the To column for the Valuables wallet.
The Valuables address is: 0xe14ab3ee81abe340b45bb26b1b166a7d2df22585
Transferring a tweet out of Valuables
In order to enable resales, we currently custody the tweet in Cent’s digital wallet. If you’d like to request a manual transfer of your tweet to your personal wallet, send us an email at email@example.com. Make sure you configure your metamask to use matic so you can move the asset around. We’ll confirm your address with you before we send it over manually.
After we transfer it to you, Valuables will no longer be able to process the transactions for resales and you will have to do so manually using opensea (they are currently working on enabling this for us!)
If I want to move a tweet I own out of Valuables, do I have to pay gas fees?
How long does it take for a manual transfer of my tweet to my wallet?
Once we process your request, your NFT will show up immediately.
What happens if I buy a tweet on Valuables but then the author deletes the tweet on Twitter?
On Valuables, you’re purchasing an autographed certificate of the tweet. That certificate, and the metadata (who posted it, when it was posted, and more) will always remain on the blockchain and in the certificate is a link to a screenshot of the tweet. Right now, we serve the screenshots but we’re working with Arweave to include permanent backups soon. Currently that part is centralized but we’re working to decentralize it.
What can I do with tweets I own?
You can resell them on Valuables or display them in your digital gallery.
After I buy an NFT on Valuables can I use the content of the tweet to print on t-shirts or other merchandise to sell?
No. You own the autographed certificate of the tweet, establishing a unique, direct relationship between you and the tweet author. You do not own the copyright. (But maybe one day you could?)
Is Valuables a stock company? Can I invest?
We’re not a publicly traded company.
Where is the contract that pays out fees/royalties? Do you guys own all the tweets?
All tweets live on Matic, we simply custody the tweets so you can resell them on Valuables. To move tweets to your wallet, email firstname.lastname@example.org and we will initiate the manual transfer.
The address that receives bids and sends refunds is: 0xe14ab3ee81abe340b45bb26b1b166a7d2df22585
The address that pays out auctions is: 0x19999c224aa48d7911702c03b5029d6d333d01bd
Is the “permanent” linking of Twitter accounts to wallet addresses stored off-chain or on-chain?
Off-chain. This information is also embedded in the tweet as a signature.
How many times can someone mint the same tweet?
A tweet can only be minted once using Valuables. However, the NFT generated can be bought and sold an unlimited number of times to multiple people in succession.
Can I unlink my wallet? I connected the wrong MetaMask.
Because your identity on Valuables is confirmed through MetaMask, we can’t alter that - but you can add a new wallet!
In the MetaMask browser plugin, click the top right circle.
Click Add a New Account.
Can I change the twitter account associated with my ethereum address?
Once an ethereum address has been linked with a twitter account, it cannot be linked to another twitter account.
Where do the NFT and metadata live?
All NFT metadata lives on the matic blockchain. Click the link following TOKEN ID to see the tweet’s screenshot (upper right) and its metadata (second tab).
What else is stored in the metadata of the NFT?
The metadata includes: the timestamp when it was tweeted, the text contents within the tweet itself, the url to a screenshot of the tweet, the date when it was sold, and a digital autograph from its creator’s digital wallet address.