After it spent just over two weeks on the market, Twitter CEO Jack Dorsey has sold his first tweet as an NFT (non-fungible token). $2,915,835.47. That’s the exact sum that his first tweet has been sold for.
The proud new owner? Sina Estavi, who had held the high bid since offering $2.5 million on 6th March. Dorsey put the tweet up for digital auction as an NFT on 5th March, with the money being donated to GiveDirectly for its Africa Response. The bids on Dorsey’s first tweet, which simply reads “just setting up my twttr,” escalated quickly, igniting discussion about NFTs. Money well spent? Estavi certainly thinks so, telling Reuters that he was ‘thankful’ for winning the bid.
WHAT’S AN NFT?
NFTs allow you to buy and sell ownership of unique digital items and keep track of who owns them using the blockchain. NFT stands for “non-fungible token,” and it can technically contain anything digital, including drawings, animated GIFs, songs, or items in video games. An NFT can either be one-of-a-kind, like a real-life painting, or one copy of many, like trading cards, but the blockchain keeps track of who has ownership of the file.