Twitter CEO and co-founder Jack Dorsey gestured while interacting with students at the Indian Institute of Technology (IIT) in New Delhi on November 12, 2018.
Prakash Singh | AFP | Getty Images
It looks like Jack Dorsey is offering to sell the very first tweet as a non-fungible token or NFT.
The Twitter CEO a link shared Friday afternoon to a platform called “Valuable Articles”, where his tweet was presented on March 21, 2006 “just my twttr essay”. The highest bid is according to the website of Sina Estavi, CEO of Bridge Oracle, for $ 2.5 million from Saturday afternoon.
The ownership of these assets is recorded in a blockchain – a digital ledger similar to the networks that support bitcoin and other cryptocurrencies. Unlike most currencies, however, a person cannot exchange one NFT for another as with dollars or other assets. Each NFT is unique and serves as a collectible that cannot be duplicated, making it barely of design.
Crypto collectibles have exploded in popularity in recent times, and everyone from artists to rock bands has tapped into their content. For example, a digital version of the 2011 Nyan Cat meme sold for nearly $ 600,000 in an online auction last month.
Some people who buy NFTs believe that it can help them prove ownership of a virtual item thanks to blockchain.
Dorsey was also a proponent of digital currencies and featured ‘#bitcoin’ in his Twitter biography. So it’s a natural extension to jump to NFTs. Its digital payment company Square also bought about 3,318 bitcoins at the end of February, which expanded with the purchase of 4,709 in October 2020.
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