Jack Dorsey Trying to Sell 1st Tweet as NFT, Highest Bid at $2.5M
Jack Dorsey is hawking the very first tweet ever — being his, of course — to anybody who wants exclusive digital rights … and people are already willing to pay millions for it.
The Twitter CEO posted a link Saturday to a site called Valuables By Cent, where folks can buy/sell authenticated tweets with their autograph. Jack, too, was putting a tweet up for auction … his own from 2006, when he wrote … “just setting up my twttr.” It’s the tweet that kicked off every other tweet thereafter, so it’s historic — and the bids bear that out.
At the moment, the highest offer for ownership of his tweet sits at $2.5 MILLION — courtesy of Bridge Oracle CEO Sina Estavi … who’s been in a bidding war of sorts with another tech entrepreneur in the crypto world, Justin Sun, who was upping his price exponentially.
Sun seems to have started at $500k, and then incrementally upped it to $2 mil, but it looks like Estavi swooped in with $500k more … there haven’t been any further offers since. Per Cent’s rules, if anyone wants to outbid Estavi — they’ll have to throw down $2.75 million.
I have updated my offer to 2 million USD:https://t.co/A8PYPTns76 @cent
— Justin Sun🌞 (@justinsuntron) March 6, 2021
If Jack’s tweet sells at this amount … it would follow suit with tons of other online transactions that have flown off virtual shelves at eye-popping values among influencers, artists and sports leagues, like the NBA … which has been dabbling in this for a couple of years.
For instance, you can actually buy NBA highlight reels and awesome moments from games through NBA Top Shot … which tends to sell these “moments” in packs. Some of the more elite highlights — like some of LeBron‘s and Zion‘s — have sold for upwards of $200k!
Happy collecting 😎 https://t.co/aA2SBkHlGa
— NBA Top Shot (@nba_topshot) March 6, 2021
Might sound nutty, but selling digital assets like this is a thing … which they call NFTs (non-fungible tokens). They’re essentially one-of-a-kind collector’s items that are recorded on a blockchain network — the same system that supports and tracks crypto — and which aren’t interchangeable, unlike something like Bitcoin, which can be swapped back and forth.
So … if you own an NFT, you’re literally the only one who has it — which, as we can see, carries inherent value in the marketplace. Welcome to 21st century commerce, y’all 🤑
www.tmz.com 2021-03-06 23:56:31