The non-fungible token or NFT is a rage these days and Twitter chief executive officer Jack Dorsey is the latest entrepreneur to join the bandwagon. Dorsey has listed his first-ever tweet for sale on a platform called “Valuables.” It is a platform that allows creators to buy and sell tweets autographed by them. He has shared the link where his first tweet posted on March 21, 2006, is up for bidding. “just setting up my twttr” was not just the first by Dorsey but also the ever on the platform. There are several bidders who have come forward to buy the tweet with the unique digital signature of the creator.
The highest bid so far is USD 2.5 million. The bid has been put by Bridge Oracle CEO Sina Estavi. People started to bid as soon as the Twitter CEO shared the link of the platform ‘Valuables by Cent’ on the microblogging site. Some of the old bids for Dorsey’s tweet suggest that it was put for sale in December last year. However, it got major attention after Dorsey himself shared the information on Twitter. The 15 years old tweet by Dorsey is one of the most popular tweets ever and therefore it is expected that the bidding amount can go even higher.
Earlier, cryptocurrency pioneer Justin Sun increased the bid to USD 2 million. Sun had earlier won the auction for Warren Buffett’s charity dinner. For the uninitiated, Valuables use a digital ledger – a blockchain – similar to those used by cryptocurrencies for keeping a record of the ownership. But unlike most of the cryptocurrencies, there is no exchange offer available here. This means that a buyer cannot exchange one non-fungible token for another. NFTs can’t be duplicated and act as a collector’s item. This has become a trend these days. Several artists have been bidding their content. Recently, a digital rendition of the Nyan Cat was sold for a whopping USD 600,000 in an online auction.