People who put a lot of time and money on their hands bid $ 2.5 million to buy Twitter founder Jack Dorsey’s first message on the platform.
The winner of the auction will receive a digital certificate, which will allow them to claim the 2006 tweet, with Dorsey writing “Just setting up my twitter.”
The tweet buying battle is part of the latest digital frenzy, known as “non-fungible tokens” or NXT.
An NXT is built using blockchain technology, the same technology behind digital currencies like bitcoin. The “non-fungal” part means that it is of a type and cannot be replaced.
Dorsey’s tweet will remain on Twitter even after it has been “bought” at the auction.
Collecting tweets, videos, and digital art became quite popular during the epidemic. A 10-second video by digital artist Biplab sold for $ 6.6 million last week, bringing renewed attention to the trend.
Owners can display their NXT in the online gallery.
Dorsey tweeted A link for the online auction on Friday The site is being held at Valuables. Before he shared the link, the bid price was less than $ 1 million. By Saturday afternoon, the price had jumped to $ 2.5 million.
The 44-year-old Dorsey is estimated to be worth $ 12.5 billion, According to forbes. There was no indication that the auction was for charity.
In its FAQ section, the Valuables site states that a tweet purchased goes live on the social media site, but the buyer receives a digital certificate of the tweet, which is “unique because it has been signed and verified by the creator.”
NXT enthusiasts are hoping that the value of the items they buy will increase, but it is not yet clear whether there will be a permanent market for digital collections.
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