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Jack Dorsey’s First Tweet from 15 Years Ago Up for Sale, Bid Crosses Rs 2 Crore

File photo of Twitter CEO Jack Dorsey (Image: Reuters)

File photo of Twitter CEO Jack Dorsey (Image: Reuters)

Dorsey's 15-year old tweet is one of the most famous tweets ever on the platform

“just setting up my twttr” – the first ever tweet on the platform is up for sale after Twitter boss Jack Dorsey listed his famous post as a unique digital signature on a website for selling tweets as non-fungible tokens (NFTs).

The post, sent from Dorsey’s account in March of 2006, received offers on Friday 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 on Friday.

NFTs are digital files that serve as digital signatures to certify who owns photos, videos and other online media.

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You can see the bid here. At the time of writing this, the highest offer is of $294444 (INR 2 Crore).

Dorsey’s 15-year old tweet is one of the most famous tweets ever on the platform and could attract bidders to pay a high price for the digital memorabilia. The highest bid for the tweet stood at $100,000 at 0125 GMT on Saturday.

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.

“I think the first thing we want to focus on is that economic incentive to people who are contributing to Twitter,” he said at the virtual Goldman Sachs Technology and Internet Conference. Introducing user tipping and new features like content subscriptions would help the company diversify its revenue, which it currently earns mainly from selling advertising on Twitter. The company said Tuesday during an earnings call with analysts that he did not expect subscriptions to be meaningful to the company’s revenue until next year.

Twitter also bought newsletter startup Revue, as it hopes to attract users wanting to create long-form content.

(With inputs from Reuters)

first published:March 06, 2021, 12:58 IST