Twitter CEO and co-founder Jack Dorsey gestures as he interacts with students at the Indian Institute of Technology (IIT) in New Delhi on November 12, 2018.
Prakash Singh | AFP | Getty Images
It appears that Jack Dorsey is offering to sell the first tweet as a non-fungible witness or NFT.
The CEO of Twitter has shared a link On Friday afternoon on a platform called “Valuables,” where his March 21, 2006 tweet “just setting up my twttr” was about to bid. According to the website, the highest bid is from Sina Estavi, CEO of Bridge Oracle, for $ 2.5 million as of Saturday afternoon.
Ownership of these assets is recorded in a blockchain, a digital book similar to the networks that support bitcoin and other cryptocurrencies. However, unlike most currencies, one person cannot exchange one NFT for another as he would with dollars or other assets. Each NFT is unique and acts as a collector’s item that cannot be duplicated, which makes them rare for design.
Crypto collectibles have exploded popularly lately, as anyone, from artists to rock bands, has coined their content. A digital version of the 2011 Nyan Cat meme, for example, sold for about $ 600,000 at an online auction last month.
Some people who buy NFT believe that it can help them prove ownership of a virtual item through blockchain.
Dorsey has also championed digital currencies and shown “#bitcoin” on her Twitter biography, so jumping into NFT seems like a natural extension. Its digital payment company Square also bought approximately 3,318 bitcoins in late February, expanding its October 2020 purchase by 4,709.
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