Jack Dorsey is offering to sell the first tweet as an NFT and the highest bid is $2.5 million

Twitter CEO and co-founder Jack Dorsey gestures while interacting with students on the Indian Institute of Technology (IIT) in Novel Delhi on November 12, 2018.

Prakash Singh | AFP | Getty Photos

Jack Dorsey appears to be like to present to sell the very first tweet as a non-fungible token, or NFT.

The Twitter CEO shared a hyperlink Friday afternoon to a platform referred to as “Valuables,” the set his March 21, 2006 tweet “moral developing my twttr” changed into up for bidding. The capable offer is from Sina Estavi, CEO of Bridge Oracle, for $2.5 million as of Saturday afternoon, in keeping with the receive web page.

Ownership of these sources is recorded on a blockchain — a digital ledger similar to the networks that underpin bitcoin and various cryptocurrencies. On the different hand, unlike most currencies, a person cannot alternate one NFT for one other as they would with dollars or various sources. Each NFT is extraordinary and acts as a collector’s merchandise that cannot be duplicated, making them uncommon by produce.

Crypto collectibles hold exploded in status currently, with somebody from artists to rock bands minting their affirm material. A digital rendition of the Nyan Cat meme from 2011, to illustrate, sold for with regards to $600,000 in an on-line public sale final month.

Some these who are procuring NFTs imagine it will most likely support them level to possession of a virtual merchandise as a consequence of of blockchain.

Dorsey has additionally been an point out of digital currencies, displaying “#bitcoin” in his Twitter bio, so leaping into NFTs appears to be like to be to be a natural extension. His digital funds company Sq. additionally bought approximately 3,318 bitcoins in slack February, expanding on its October 2020 purchase of 4,709.

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