Jack Dorsey’s first ever tweet is now being auctioned off as an NFT and the bidding has already neared six digits so let’s read more in our cryptocurrency latest news today.
Twitter CEO Jack Dorsey who is the owner of social media platform, auctions of his first tweet as a non-fungible token. Dorsey put the tweet from March 21, 2006, reading “just setting up my twttr” on sale via the Valuables platform. The top bid was $88,888.88 in ETH while later Justin Sun bid $1,000,000 for it. The auction lasts until Dorsey accepts the bid.
— jack (@jack) March 6, 2021
Jack Dorsey’s first-ever tweet will continue to live on Twitter but you will be able to purchase a digital certificate of the tweet which is unique because it was signed and verified by the creator.” Users can also bid with Ether, the native token of the Ethereum blockchain where the transaction will happen. NFTs are exploding in popularity these days with the top three marketplaces being NBA Top Shot, Beeple, and Opensea which hit $342 million in trading volume combined a month ago.
As reported recently, The auction opened today and Justin Sun bid $1 million for the tweet and that was his second bid. The NFTs are getting crazier as we can see now with Sun’s latest bid of $1,000,000 for a tweet. Twitter’s founder Jack Dorsey auctioned off his tweet as an NFT or as a digital collectible coded art on the ETH Blockchain. Thanks to advanced cryptography, the NFTs prove the digital scarcity through virtually unalterable coding which means that these are much like any other collectible e.g cars, stamps, cards-but totally digital.
Dorsey auctioned the tweet on NFT auction house Valuables and nine hours later, Sun replied that he bid half a million dollars or it. Sun seemingly wants to have the tweet and the listing now says that the highest offer is the one Sun made. When Tron’s founder wants something, he’s been known to wait long and get it.
Speaking of Jack Dorsey, him and Jay-Z are working on an endowment to fund BTC development in Africa and India according to the announcement made today. They will allocate 500 bitcoin into the fund which is about $23.5 million and will be set up as a blind irrevocable trust which will not take any direction from the founders once it is set up.
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