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Jack Dorsey offers first tweet ever as NFT

Photo of: Nathan VDH
by Nathan VDH

Jack Dorsey, founder of Twitter and proud sender of the very first tweet in history has auctioned off this historic message in the form of a non-fungible token (NFT).

The message is dated March 21, 2006 and reads “just setting up my twttr”. How did Jack Dorsey turn this tweet into an NFT?

The entrepreneur used the Valuables marketplace based on the Ethereum (ETH) blockchain to create, sell and buy non-fungible tokens (NFTs) representing tweets. The service is accessible to all those who wish to exchange tweets autographed by their original creators. One hundred people who created the Valuables site reacted to this sale:

“The tweet itself will continue to be spread on Twitter. What you buy is a unique digital certificate of the tweet, because it has been signed and verified by the creator”.

Justin Sun, the extravagant CEO of Tron (TRX) has offered half a million dollars to acquire Jack Dorsey’s tweet.

At this time, the auction is still ongoing. The tweet has seen several significant bids come in at $88,888 and $267,000. Justin Sun seemed to be in the best position to win the auction, but Sina Estavi, CEO of Bridge Oracle, placed a final bid of $800,000 at the time of writing.

Binance CEO Changpeng Zhao also spoke about the sale and was particularly optimistic about the future of non-fungible tokens (NFTs). According to him, cryptocurrencies and NFTs will fundamentally change social networking and content platforms. He said on Twitter :

The NFTs monetization model for content platforms pioneered by Jack Dorsey is MUCH better than ads, user tracking, etc.,” he said on Twitter. Some reversals are expected if the major players don’t adapt quickly. »