Twitter CEO Jack Dorsey auctions first ever tweet as NFT, bid reaches USD 2.5 million
NFTs are digital files that serve as digital signatures to certify who owns photos, videos and other online media. (Image: Reuters)
Updated: Mar 7, 2021, 05:25 PM IST
Bids for Twitter co-founder Jack Dorsey s first post on the microblogging site has reached USD 2.5 million. Dorsey had listed his first-ever tweet on the website Valuables by cent which is poised to sell it as a non-fungible token (NFT).
Non-fungible mean you can t exchange it for another thing of equal value. The NFT refers to a unit of currency on the Blockchain, the way cryptocurrency like Bitcoin is bought and sold.
Updated Mar 06, 2021 | 18:34 IST
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 March 5. Twitter CEO Jack Dorsey puts up first tweet ‘just setting up my twttr’ for sale
Twitter CEO Jack Dorsey’s first Twitter post – “just setting up my twttr” is up for sale at an online tweets marketplace. The Twitter boss has listed his famous post as a unique digital signature on the website where tweets are sold as non-fungible tokens (NFTs).
The post, sent from Jack Dorsey’s account in March of 2006, received offers on March 6 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.
Congress plans barrage of tech hearings yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
The chief executives of Facebook Inc, Alphabet Inc and Twitter will testify before a U.S. House panel on March 25 on "misinformation and disinformation plaguing online platforms." A pair of House Energy and Commerce subcommittees will hold a fully remote joint hearing including Facebook CEO Mark Zuckerberg, Google CEO Sundar Pichai and Twitter CEO Jack Dorsey as Congress considers whether to make changes in legal protections for social media companies.