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The first ever tweet by Twitter co-founder Jack Dorsey is likely to fetch a whopping Rs 18.3 crore to him. When put up for sale, the highest bid from Sina Estavi,CEO of Bridge Oracle, reached $2.5 million.
The tweet reads: “Just setting up my twttr,” sent from Mr Dorsey’s account in March 2006. It will be sold as a non-fungible token (NFT) – a unique digital certificate that states who owns a photo, video or other form of online media. However, the original post will remain available on the social media platform, Twitter, even after being auctioned off.
Once everything is finalised, the buyer will receive a certificate, digitally signed and verified by Dorsey, as well as the metadata of the original tweet. The data will include information such as the time the tweet was posted and its text contents, which are already publicly available on the platform.
The tweet was listed for sale on Valuables by Cent- a marketplace for tweets, launched 3 months ago.
In a post on the site, the platform’s founders say: “Owning any digital content can be a financial investment.” “[It can] hold sentimental value. Like an autograph on a baseball card, the NFT itself is the creator’s autograph on the content, making it scarce, unique, and valuable.”
Tweets are the latest digital assets to be monetised through NFTs, that use blockchain, like Bitcoin and other cryptocurrencies.
Initially, Dorsey’s tweet was first put up for sale in December, but the listing gained more attention on Friday, after he tweeted a link to it and since then, the tweet was shared thousands of times.First ever tweet fetches Rs 18.30 cr for Twitter co-founder Jack Dorsey
The first ever tweet by Twitter co-founder Jack Dorsey is likely to fetch a whopping Rs 18.3 crore to him. When put up for sale, the highest bid from Sina Estavi,CEO of Bridge Oracle, reached $2.5 million.
The tweet reads: “Just setting up my twttr,” sent from Mr Dorsey’s account in March 2006. It will be sold as a non-fungible token (NFT) – a unique digital certificate that states who owns a photo, video or other form of online media. However, the original post will remain available on the social media platform, Twitter, even after being auctioned off.
Once everything is finalised, the buyer will receive a certificate, digitally signed and verified by Dorsey, as well as the metadata of the original tweet. The data will include information such as the time the tweet was posted and its text contents, which are already publicly available on the platform.
The tweet was listed for sale on Valuables by Cent- a marketplace for tweets, launched 3 months ago.
In a post on the site, the platform’s founders say: “Owning any digital content can be a financial investment.” “[It can] hold sentimental value. Like an autograph on a baseball card, the NFT itself is the creator’s autograph on the content, making it scarce, unique, and valuable.”
Tweets are the latest digital assets to be monetised through NFTs, that use blockchain, like Bitcoin and other cryptocurrencies.
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