Jack Dorsey Is Selling His First-Ever TweetTwitter's CEO is selling the tweet as a non-fungible token, or NFT, and the highest bid is currently $2.5 million.
This story originally appeared onPC Mag
Got some extra cash lying around and want to own a piece of digital history? Twitter CEO Jack Dorsey put his first-ever tweetup for auctionlast week, garnering acurrent highest bidof $2.5 million.
Top bidder Sina Estavi, head of blockchain service CryptoLand and software firm Bridge Oracle, may walk away with a one-of-one autographed version of Dorsey's post. In return, the billionaire tech entrepreneur, would effortlessly earn another $2,375,000.
Why pay to own a tweet? Good question. According to auction platform Valuables, "owning any digital content can be a financial investment, hold sentimental value, and create a relationship between collector and creator."称为non-fungible token或非功能性测试,加密记录代表一些thing unique and, unlike currency, is not mutually interchangeable. You can exchange a $10 bill for two $5 bills. You cannot exchange an NFT highlight of LeBron James' famous dunk over Nemanja Bjelica in 2019.
"Like an autograph on a baseball card, the NFT itself is the creator's autograph on the content, making it scarce, unique, and valuable," theValuables FAQsays. Buyers are free to resell tweets on the site (for an 87.5% cut), or display them in an online gallery. "As with any collectible, you can choose to just keep it in a private collection."
The market for NFTs is growing rapidly, earning artists, musicians, video editors, and meme makers loads of cash: Chris Torressold the piece "Nyan Cat"for $590,000; Grimes hawked$6 million worth of digital artas NFTs, and Kings of Leon will become the first band torelease an albumin the form of a non-fungible token. One startup already lets customersuse NFTs as collateral for loans.
"NFTs make digital content one-of-a-kind. You are the only person who can claim ownership of an NFT you own," Valuables explains. "This means you have control of the NFT, like the ability to resell or distribute it, and it will appreciate or depreciate in value just like any other asset."
