Twitter CEO Jack Dorsey’s First Tweet on Sale for $2.5 Million as ‘Digital Collectible’

Sean Burch
·2-min read

Want to buy the first tweet ever? Now you can — but it’ll cost a pretty penny. That’s because Twitter co-founder and CEO Jack Dorsey is now listing the first tweet — “just setting up my twttr,” sent on March 21, 2006 — for sale as a non-fungible token, or NFT.

Dorsey shared a link on Friday to a platform called “Valuables,” where the first tweet is being auctioned. Things quickly got expensive, with the highest bid, from Bridge Oracle CEO Sina Estavi, now standing at $2.5 million on early Monday. If you’d like to put in a bid, you can do so by clicking here.

NFTs are digital collectibles that can be transferred using blockchain, the same technology that’s at the foundation of bitcoin and other cryptocurrencies.

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The offering comes as NFTs are gaining popularity fast, but you might still be asking, what the hell even is an NFT? Business Insider had a good, quick explainer:

“NFTs, unlike other cryptocurrencies like bitcoin or ether, cannot be directly exchanged for equal value. They are unique, easily verifiable digital assets that represent a wave of digital goods such as an image, GIF, video, music album, artwork, or even a tweet. They are a form of digital asset whose ownership can be recorded on a blockchain. The market for NFTs is rapidly entering the public cultural web sphere as a digital collectible.”

It’s unclear what Dorsey will do with the cash once his tweet is officially auctioned off. Dorsey, who also runs Square, is worth $12.8 billion, according to Bloomberg’s Billionaires Index.

Read original story Twitter CEO Jack Dorsey’s First Tweet on Sale for $2.5 Million as ‘Digital Collectible’ At TheWrap