Twitter CEO’s First Tweet Draws $2.5m in Auction Bid
The tweet will be sold as a non-fungible token (NFT) that indicates the potential in selling virtual objects
Twitter CEO Jack Dorsey is all set to auction his first tweet on the platform while the bidding has reportedly reached $2.5 million.
The tweet that is up for sale reads, “Just setting up my twttr” sent from Dorsey’s account in March 2006.
just setting up my twttr
— jack (@jack) March 21, 2006
It will be sold as a non-fungible token (NFT), a unique digital certificate that states who owns a photo, video, or other forms of digital media, and indicates the potential in selling virtual objects.
Even after the auction, the post is going to remain visible for the public as long as Dorsey and the micro blogging platform leave it up.
The tweet was listed for sale on ‘Valuables by Cent’, a tweets marketplace that was launched three months ago.
The highest bid of $2.5 million came from Bridge Oracle CEO Sina Estavi which surpassed Tron founder Justin Sun’s bid of $2million.
I have updated my offer to 2 million USD. https://t.co/i1xLKdTVPR
— Justin Sun🌞 (@justinsuntron) March 6, 2021
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According to Valuables by Cent’s terms, 95% of a tweet’s sale will go to the original creator while the remaining will go to the website.
As per reports, old offers for CEO Twitter Dorsey’s tweet suggest that it was first put up for bidding in December but the listing gained more attention after he tweeted a link to it.
According to Valuables, buying a tweet means purchasing a digital certificate of the tweet which will be signed and verified by the creator.
