Richard Drew / AP
Twitter CEO Jack Dorsey is offering to sell his very first tweet by auctioning it off as a special digital asset class known as a non-fungible sign.
Dorsey a link shared Friday afternoon on a website called Valuables, which allows tweets to be sold as NFTs. The billionaire listed his very first tweet “just set up my twttr” for offers, though it exists on Twitter and it’s free to watch. As a longtime advocate for cryptocurrencies, it’s not a surprising move by Dorsey to jump into the NFT craze.
@ jack / Twitter
Crypto boss Justin Sun raised his bid twice and finally offered $ 2 million for Dorsey’s tweet. But the highest bid for the piece of Twitter history is from Sina Estavi, CEO of the Bridge Oracle platform, according to the valuable website.
Unlike other cryptocurrencies such as bitcoin or ether, NFTs cannot be exchanged directly for equal value. These are unique, easily verifiable digital assets that represent a wave of digital goods, such as an image, GIF, video, music album, artwork or even a tweet. It is a form of digital asset whose ownership can be recorded on a blockchain. The market for NFTs is rapidly entering the public cultural web sphere as a digital collectible.
The sale of tweets has already gained traction as popular digital collector items. Recently, an art collector in Miami sold a ten-second video for $ 6.6 million at a Christie’s auction.
“If Jack’s tweet is not inherently valuable to be sold at $ 2.3 million as an NFT art because it’s just the first tweet, it’s worth more because it’s the first popular digital product production that NFT art sales have made a common topic of discussion, “said Ashwin Ramasamy, co-founder of PipeCandy.
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