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
Jack Dorsey seems to offer to sell his first tweet as a non-fungible token, or NFT.
Twitter CEO shared a link On Friday afternoon, on a platform called “Valuables”, where his March 21, 2006 tweet “Just setting up my twttr” was ready for auction. The biggest offer is from Sina Estavi, CEO of Bridge Oracle, for $ 2.5 million starting Saturday afternoon, according to the website.
The ownership of these assets is recorded on a blockchain – a digital register similar to the networks that underlie 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 cannot be duplicated, making them rare in design.
Crypto collectibles have been exploding in popularity lately, anyone from artists to rock bands has created content. A digital version of the 2011 Nyan Cat meme, for example, sold for nearly $ 600,000 in an online auction last month.
Some people who buy NFTs think it can help them prove ownership of a virtual item thanks to the blockchain.
Dorsey was also a supporter of digital currencies, posting “#bitcoin” in his Twitter biography, so jumping into NFTs seems like a natural extension. Its digital payment company Square also acquired about 3,318 bitcoins at the end of February, expanding to its purchase of 4,709 in October 2020.
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