Jack Dorsey sells his first tweet as an NFT
(Jack Dorsey) Jack Dorsey, billionaire co-founder and CEO of Twitter, is trying to sell his first tweet as a non-exchangeable code NFT, or in other words a digital commodity that lives on the Ethereum blockchain.
NFT is popular with artists and musicians, and digital assets are stored via blockchain.
Despite the fact that this tweet has been publicly available as a free digital item to look at whenever anyone wants for nearly 15 years, Dorsey is now trying to sell it as NFT through a platform called Valuables.
Valuables is an Ethereum-based platform built by the social network Cent that allows Twitter users to authenticate their tweets for sale to others as digitally signed copies.
According to the Valuables FAQ, the item for sale is not the actual Tweet, but rather the digital certificate of the Tweet that is unique because it has been signed and verified by the creator.
The highest bid to date is $ 500,000, and the tweet - posted on March 21, 2006 - continues to appear online as long as Dorsey and Twitter choose to keep appearing.
Dorsey is a well-known fan of Bitcoin, as he makes multiple explorations in the field, and the Cash app, from his other company, Square, is a prime place for retail investors to buy cryptocurrency.
Dorsey has also invested in Lightning Labs, which is building a second layer on the Bitcoin network and is seen as a scaling solution.
Dorsey has previously shown no interest in Ethereum, and several people around the tech industry have suggested that the recent boom in NFT tokens may partly explain Square's announcement that it is acquiring music-streaming site Tidal.
The order came after Dorsey announced earlier that he is collaborating with rapper Jay-Z to expand Bitcoin's use in Africa.
Dorsey's offering of one of his first tweets for sale via an Ethereum-based platform should spark interest.
just setting up my twttr
— jack (@jack) March 21, 2006