Twitter CEO Jack Dorsey ’s first tweet is well - known on the platform . Published nearly 15 years ago , the tweetreads , “ just ready up my twttr . ” While there ’s no dubiety that it ’s meaningful in popular culture , Dorsey apparently also seems to trust it ’s got monetary economic value . And it appears he ’s right .
Dorsey posted alinkto the auction sale , hosted by a platform called Valuables , on Twitter on Friday without a input or explanation . Some of you may be asking , how can he deal a tweet ? Dorsey is sell a “ non - fungible relic ” of his tweet , screw as anNFT . Things that are non - fungible are one of a sort and ca n’t be exchanged for something of equal note value . Tokensrepresent an asset on their blockchain , or the chemical mechanism by which cryptocurrencies , such as Bitcoin and Ether , are buy and sold .
just setting up my twttr
Screenshot:Jack Dorsey, Twitter / Gizmodo
— Jack-tar ( @jack)March 21 , 2006
Now , what exactly does the person who wins the vendue for Dorsey ’s tweet get ? concord toValuables , you get a “ digital certificate of the tweet , alone because it has been signed and verified by the creator . ” Despite the cut-rate sale , the tweet will carry on to live on Twitter .
“ This autographed digital credentials will only be issued once on Valuables . It is signed using cryptography , and let in metadata of the original tweet like : when the tweet was posted , what the text contents are of the tweet , the timestamp of the tweet , and the digital touch from the creator ’s crypto notecase destination , ” Valuables stated .
While that may not fathom like a sumptuous purchase , or even one worth the jillion people are putting up for it , buying NFTs is a thing correctly now . Grimessold NFTs of her art , which let in videos , for around $ 6 million sooner this month . In February , an NFT of theNyan Cat GIFsold for around 300 divinyl ether . The cryptocurrency had a time value of roughly $ 587,000 at the time of the sale .
AsNPRpointed out , while some may recollect you ’re just buying something similar to a barcode , it can also be seen as a credential of legitimacy for a version of art that is registered on a blockchain as being yours .
“ The underlying thing that you ’re buying is codification that demonstrate as images , ” Donna Redel of Fordham Law School evidence the wall socket . “ You ’re buy a dissimilar format of graphics . ”
Yet , buying an NFT usually does not mean that you ’re getting the copyright or trademark to the original . Artists can sell multiple NFTs of their workplace . example in point : Grimes made thou of copy available of two NFTs that she put up for vendue . Perthe Verge , nearly 700 copies of the NFTs , which dwell of short video , were sold for $ 5.18 million .
As of the publication of this web log , the highest command for Dorsey ’s tweet is $ 2.5 million . The individual that bid this jaw - dropping amount for Dorsey ’s tweet is Hakan Estavi , CEO ofBridge Oracle , a Malaysia - based company thatuses Oracle systemsto enable smart contracts on the TRON connection .
However , on Twitter on Saturday , Estavi tell that he would actually be willing to shell out a lot more for the tweet . He ’s willing to go up to$10 million .
Hey@cz_binanceI paid $ 121,000 for the first offer , But I ’m unforced to go up to $ 10 million 🤔 https://t.co/9icfu3vkFo@cz_binancehttps://t.co/I2kB7nqlAapic.twitter.com/DAlqhrmgVD
— Sina Estavi ( @SinaEstavi)March 6 , 2021
Gizmodo reach out to Twitter to expect why Dorsey was selling an NFT of the tweet and what he planned to do with the money generated from the sale . A Twitter voice said the party had no scuttlebutt .
You know what they say : Art pose its time value from what you ’re unforced to compensate for it . I guess that means tweet are artistry now .
Update 2025-01-25 , 12:30 p.m. ET : This military post has been update to clarify that we take why Dorsey was selling an NFT of his tweet , not his actual tweet .
ComputingEthereumGrimesJack DorseyOperating systemssoftwareX ( Twitter )
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