The first message posted by the co-founder of Twitter on the social network was sold for $2.9 million (approximately 2.4 million euros).
«JCreate my Twttr account” (“Just set up my twttr”): This is what Jack Dorsey wrote on Twitter on March 21, 2006. This is the co-founder and CEO of Twitter on the social network The first post. The authenticated version of the tweet was sold on the Valuables platform for US$2.9 million (approximately 2.4 million euros). It was acquired by Malaysian entrepreneur Sina Estavi.
Due to the emergence of non-fungible tokens or non-fungible tokens, a new digital format NFT enables sales. It allows you to associate any virtual object, whether it is an image, photo, animation, video or music, a certificate of authenticity. The certificate is theoretically inviolable and cannot be repeated. It is designed using so-called blockchain technology, which can be used as the basis for cryptocurrencies such as Bitcoin.
Jack Dorsey also sold his tweets for Ethereum (or Ether) (a cryptocurrency) instead of U.S. dollars. According to Valuables, which was established in December 2020 and has no financial connection with Twitter, after verification, only the author of the tweet can sell the tweet in the form of NFT. After the sale, as long as Jack Dorsey or Twitter remains online, the tweet itself will still be visible to everyone. A spokesperson for the platform told Agence France-Presse that 5% of the proceeds from the sale of valuables were retained, and the rest was left to the seller.
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Like many participants in the emerging NFT market, Sina Estavi has a history of several years in the field of blockchain and cryptocurrency. He is now the managing director of the Bridge Oracle blockchain platform in Malaysia. The entrepreneur apparently intends to expand his collection, because he offered $1.1 million from a tweet from automaker Tesla boss Elon Musk. Since then, although the latter is still available online on the Valuables platform on Monday, the latter has stated that he will withdraw his tweets from the sale.
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On March 11, American artist Beeple created a digital work titled Every day: the first 5,000 days, Sold at Christie’s auction house for $69.3 million. Since then, Indian entrepreneur Vignesh Sundaresan (also heavily involved in blockchain and cryptocurrency) has revealed to be the acquirer.