The auction for the very first tweet by Twitter CEO Jack Dorsey has fetched $2.4 million (a little over Rs 18 crore), which the billionaire would donate in Bitcoins to a charity.
The bid for 15-year-old tweet on March 6, 2006 (saying just setting up my twttr’) put up for auction as an NFT (non-fungible token) on a platform called Valuables has reportedly been won by Sina Estavi, CEO of tech company Bridge Oracle.
The post received offers that went as high as $88,888.88 within minutes of the Twitter co-founder tweeting a link to the listing on ‘Valuables by Cent’ – a tweets marketplace. Old offers for the tweet suggest that it was put for sale in December, but the listing gained more attention after Dorsey’s tweet earlier this month.
Dorsey had said in an earlier tweet: “Ending this March 21st. Will immediately convert proceeds to #Bitcoin. And send to @GiveDirectly Africa Response”.
NFT is a digital good on the Ethereum blockchain. Launched three months ago, Valuables compares the buying of tweets with buying an autographed baseball card. “There is only one unique signed version of the tweet, and if the creator agrees to sell, you can own it forever.”
A tweet’s buyer will get an autographed digital certificate, signed using cryptography, that will include metadata of the original tweet, according to the Valuables website. The tweet will continue to be available on the Twitter website.
Last month, Dorsey said that the company is exploring allowing its users to receive tips, or digital payments, from their followers. Dorsey said the feature would help the social media platform earn more money and engagement from its base of 192 million daily users.
NFTs allow people to buy and sell ownership of unique digital items and keep track of who owns them using the blockchain.
The artist Grimes recently sold several NFT items for nearly $6 million. An NFT of LeBron James making a historic dunk for the Lakers garnered more than $200,000.
On March 11, an NFT of a work by digital artist Mike Winkelmann sold for $69 million at Christie’s, making him “among the top three most valuable living artists”. Non-fungible mean you can’t exchange it for another thing of equal value.
(With inputs from IANS)