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Jack Dorsey offers his first tweet as digital art: Highest bid is now $2.5 million
Jack Dorsey appears to be offering to sell the very first tweet as a non-fungible token, or NFT.
The Twitter CEO shared a link Friday afternoon to a platform called “Valuables,” where his March 21, 2006 tweet “just setting up my twttr” was up for bidding. The highest offer is from Sina Estavi, CEO of Bridge Oracle, for $2.5 million as of Saturday afternoon, according to the website.
just setting up my twttr
— jack (@jack) March 21, 2006
Ownership of these assets is recorded on a blockchain — a digital ledger similar to the networks that underpin bitcoin and other cryptocurrencies. However, unlike most currencies, a person cannot exchange one NFT for another as they would with dollars or other assets. Each NFT is unique and acts as a collector’s item that can’t be duplicated, making them rare by design.
Crypto collectibles have exploded in popularity lately, with anyone from artists to rock bands minting their content. A digital rendition of the Nyan Cat meme from 2011, for example, sold for nearly $600,000 in an online auction last month.
Some people who are buying NFTs believe it can help them prove ownership of a virtual item thanks to blockchain.
https://www.nbcnews.com/business/business-news/jack-dorsey-offers-his-first-tweet-digital-art-highest-bid-n1259961
The Twitter CEO shared a link Friday afternoon to a platform called “Valuables,” where his March 21, 2006 tweet “just setting up my twttr” was up for bidding. The highest offer is from Sina Estavi, CEO of Bridge Oracle, for $2.5 million as of Saturday afternoon, according to the website.
just setting up my twttr
— jack (@jack) March 21, 2006
Ownership of these assets is recorded on a blockchain — a digital ledger similar to the networks that underpin bitcoin and other cryptocurrencies. However, unlike most currencies, a person cannot exchange one NFT for another as they would with dollars or other assets. Each NFT is unique and acts as a collector’s item that can’t be duplicated, making them rare by design.
Crypto collectibles have exploded in popularity lately, with anyone from artists to rock bands minting their content. A digital rendition of the Nyan Cat meme from 2011, for example, sold for nearly $600,000 in an online auction last month.
Some people who are buying NFTs believe it can help them prove ownership of a virtual item thanks to blockchain.
https://www.nbcnews.com/business/business-news/jack-dorsey-offers-his-first-tweet-digital-art-highest-bid-n1259961
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