Bidding Reaches $2M as Twitter’s Dorsey Highlights NFT Model of First-Ever Tweet

Bidding on the genesis tweet is heating up.

On Friday, Twitter CEO Jack Dorsey referred to as consideration to a tokenized model of his first tweet on the non-fungible token (NFT) platform Valuables. Though the 2006 tweet was minted in December 2020, Dorsey’s Friday tweet has ignited a bidding struggle, reflecting right now’s frothy marketplace for crypto collectibles.

As of Saturday morning, the excessive bid was $2 million, made by Justin Solar, the founding father of TRON and the CEO of BitTorrent. Solar has been vying for the historic tweet with Sina Estavi, whose LinkedIn profile describes him as CEO of Malaysia-based (and TRON-affiliated) Bridge Oracle.

Valuables is an Ethereum-based platform created by the social community Cent that enables customers of Twitter to authenticate their tweets on the market to others (consider them as digitally signed copies). The tokenized tweets are solely offered when the creator of the tweet accepts a bid.

Anybody can provide to purchase a tweet on the platform. For instance, the primary bid for the tweet in query was $1 from @TheGaloisCxn on Dec. 15, 2020.

That is the tweet that Solar now thinks is value $2 million:

Dorsey is a well known fan of bitcoin, making a number of forays into the house. Money App, from his different firm, Sq., is a significant venue for retail traders to buy the cryptocurrency. Dorsey additionally invested in Lightning Labs, a second layer on the Bitcoin community, seen as a scaling answer.

That is Dorsey’s first time displaying curiosity in Ethereum. Many individuals across the tech business urged that the current increase in NFTs might partially clarify Sq.’s announcement Thursday that it could purchase the music streaming web site Tidal (previous to that announcement, Dorsey introduced a collaboration with rapper Jay-Z to develop using bitcoin in Africa).

The struggle over the first-ever tweet on an Ethereum-based platform ought to solely add gasoline to that fireside.

UPDATE (March 6, 13:24 UTC): Updates with newest bidding.
UPDATE (March 6, 13:42 UTC): Updates with newest bidding.
UPDATE (March 6, 14:51 UTC): Updates with newest bidding.
UPDATE (March 6, 16:20 UTC): Rewrites all through.

Leave a comment

Your email address will not be published. Required fields are marked *