Richard Drew / AP
Twitter CEO Jack Dorsey is offering to sell his first tweet, auctioning it off as a special digital asset class known as a non-fungible token.
Dorsey shared a link Friday afternoon on a website called Valuables, which allows you to sell tweets as NFTs. The listed billionaire your first tweet “just setting up my twttr” for bidding, even if it exists on Twitter and is free to view. As a longtime supporter of cryptocurrency, getting into the NFT craze is not a surprising move by Dorsey.
@ jack / Twitter
Crypto chief Justin Sun increased his bid twice, offering $ 2 million for Dorsey’s tweet. But the highest bidder for the piece of Twitter history is Sina Estavi, CEO of Bridge Oracle platform, according to the Valuable website.
NFTs, unlike other cryptocurrencies like bitcoin or ether, cannot be exchanged directly for the same amount. They are unique and easily verifiable digital assets that represent a wave of digital assets, such as an image, GIF, video, music album, art or even a tweet. They are a form of digital asset whose ownership can be registered on a blockchain. The NFT market is rapidly entering the sphere of the public cultural web as a digital collectible.
The sale of tweets has already gained momentum as items of popular digital collectors. Recently, a Miami art collector sold a 10-second video for $ 6.6 million at a Christie’s auction.
“If Jack’s tweet is not inherently valuable to be sold for $ 2.3 million as an NFT art just because it is the first tweet, it is worth more because it is the first piece of popular digital product to have made the sale of NFT art a topic of popular discussion, “said Ashwin Ramasamy, co-founder of consumer insights company PipeCandy.
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