twitter co-founder jack dorsey is auctioning his first ever tweet with bids already reaching USD $2.5 million. the tweet has been listed as a non-fungible token (NFT) on a website called valuables by cent. dorsey has confirmed today that the auction will end march 21st, 2021, and that all proceeds will be converted to bitcoin and sent immediately to africa response via give directly. first published in march 2006, the tweet reads ‘just setting up my twitter’.

 

 

NFTs are transforming our idea of what is valuable. before physical goods like jewels, cars or designer handbags were likely to sale for exceptional prices. the past couple of weeks have shown that digital goods are as valuable, with people willing to pay fortunes for digital assets like an innocuous twitter post. but why would you pay for something that has been, is, and will be freely available to anyone? valuable’s FAQ explains: owning any digital content can be a financial investment, hold sentimental value, and create a relationship between collector and creator. like an autograph on a baseball card, the NFT itself is the creator’s autograph on the content, making it scarce, unique, and valuable.

 

 

the highest offer for jack dorsey’s first tweet is from sina estate, CEO of bridge oracle.

 

to learn more about NFTs read why the non-fungible art marketplace is worth millions.

 

 

project info:

 

name: buy jack dorsey’s first-ever tweet as a NFT

auctioned by: valuables by cent