Tuesday, November 28, 2023

Twitter CEO Jack Dorsey created an NFT for the first tweet

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If you’ve used social media a lot, you’ve seen the first tweet of all time. Posted on March 21, 2006 by Twitter co-founder and current CEO Jack Dorsey, it didn’t say much: “I’m just setting up my twttr”.

But now, thanks to the NFT’s Wild West – crypto-authenticated tokens that assign unique values ​​and verification to digital elements one way or another – you might be able to buy it. Dorsey has become a supporter of cryptocurrency, and as such it is no surprise that he is riding the NFT wave by “hit” the tweet on the blockchain. As Faq for Valuables explains, the item for sale is not the actual tweet, which will continue to live on Twitter, it is a “digital certificate of the tweet, unique because it was signed and verified by the creator”.

It doesn’t make much sense to me, but neither does NBA Top Shot and the money continues to flow into this sports-related NFT service. A Christie’s digital art auction for a work by Beeple has a high bid of $ 3.5 million, while the NFT attached to the meme “nyan cat” recently sold for a cryptocurrency worth over $ 600,000. Beyond that, while buying NFT can at least theoretically help support artists, especially those in the digital realm, it’s hard to imagine what the benefit is in paying exorbitant fees to someone like Dorsey, who is already extremely wealthy.

That said, if you want to get in on the action all you have to do is beat the current high bid of $ 88,888.88.


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