Budapest Post

Cum Deo pro Patria et Libertate
Budapest, Europe and world news

"Just Setting Up My Twttr": Twitter Founder's Auction Of First Tweet Gets $2 Million Bid

"Just Setting Up My Twttr": Twitter Founder's Auction Of First Tweet Gets $2 Million Bid

On Friday he posted a link to "Valuables @Cent," an online marketplace for tweets where, the site says, investors or collectors can "buy and sell tweets autographed by their creators."
Twitter boss Jack Dorsey is selling his first tweet at auction, with bidding Saturday reaching $2 million in a sign of the appetite for virtual objects authenticated through blockchain technology.

"just setting up my twttr," Dorsey tweeted on March 21, 2006.

On Friday he posted a link to "Valuables @Cent," an online marketplace for tweets where, the site says, investors or collectors can "buy and sell tweets autographed by their creators."

The top bid Saturday for Dorsey's tweet -- $2 million -- came from Justin Sun, the founder of TRON, a platform for blockchain, the technology underlying cryptocurrencies. He also heads the BitTorrent streaming platform.

"The creator of a tweet decides if they would like to mint it on the blockchain, creating a 1-of-1 autographed version," Valuables explains.

Buying a tweet means purchasing "a digital certificate of the tweet, unique because it has been signed and verified by the creator," according to Valuables.

In Dorsey's case, the tweet itself remains visible to all, so long as he and Twitter leave it online.

The approach is much like the online sales of dramatic digital "moments" from National Basketball Association games; the short video sequences remain visible for free on the internet but a blockchain-backed "Non-Fungible Token" (NFT) is generated to guarantee the identity, authenticity and traceability of the video, confirming its value.

Thus, a 10-second clip showing a spectacular sequence by basketball superstar LeBron James fetched $208,000 on the NBA Top Shot site late last month.

Top Shot has generated more than $200 million in transactions this year, according to Dapper Labs, which partnered with the NBA to create Top Shot.

In 2019, Sun paid $4.6 million in a winning bid to lunch with iconic billionaire Warren Buffett. Sun reportedly tried but failed to convince the elderly investor of the value of bitcoins.

NFTs have soared in popularity, to the point that prestigious auction house Christie's last month sold an entirely digital artwork.
AI Disclaimer: An advanced artificial intelligence (AI) system generated the content of this page on its own. This innovative technology conducts extensive research from a variety of reliable sources, performs rigorous fact-checking and verification, cleans up and balances biased or manipulated content, and presents a minimal factual summary that is just enough yet essential for you to function as an informed and educated citizen. Please keep in mind, however, that this system is an evolving technology, and as a result, the article may contain accidental inaccuracies or errors. We urge you to help us improve our site by reporting any inaccuracies you find using the "Contact Us" link at the bottom of this page. Your helpful feedback helps us improve our system and deliver more precise content. When you find an article of interest here, please look for the full and extensive coverage of this topic in traditional news sources, as they are written by professional journalists that we try to support, not replace. We appreciate your understanding and assistance.
Newsletter

Related Articles

0:00
0:00
Close
Emails Leaked: How Passenger Luggage Became a Side Income for Airport Workers
Polish MEP: “Dear Leftists - China is laughing at you, Russia is laughing, India is laughing”
Western Europe Records Hottest June on Record
BRICS Expands Membership with Indonesia and Ten New Partner Countries
Elon Musk Founds a Party Following a Poll on X: "You Wanted It – You Got It!"
China’s Central Bank Consults European Peers on Low-Rate Strategies
France Requests Airlines to Cut Flights at Paris Airports Amid Planned Air Traffic Controller Strike
Poland Implements Border Checks Amid Growing Migration Tensions
Emirates Airline Expands Market Share with New $20 Million Campaign
Amazon Reaches Milestone with Deployment of One Millionth Robot
Yulia Putintseva Calls for Spectator Ejection at Wimbledon Over Safety Concerns
House Oversight Committee Subpoenas Former Jill Biden Aide Amid Investigation into Alleged Concealment of President Biden's Cognitive Health
Amazon Reaches Major Automation Milestone with Over One Million Robots
Extreme Heat Wave Sweeps Across Europe, Hitting Record Temperatures
Meta Announces Formation of Ambitious AI Unit, Meta Superintelligence Labs
Robots Compete in Football Tournament in China Amid Injuries
China Unveils Miniature Insect-Like Surveillance Drone
Marc Marquez Claims Victory at Dutch Grand Prix Amidst Family Misfortune
Germany Votes to Suspend Family Reunification for Asylum Seekers
Budapest Pride Parade Draws 200,000 Participants Amid Government Ban
Southern Europe Experiences Extreme Heat
Xiaomi's YU7 SUV Launch Garners Record Pre-Orders Amid Market Challenges
Jeff Bezos and Lauren Sanchez's Lavish Wedding in Venice
Russia Launches Largest Air Assault on Ukraine Since Invasion
Massive Anti-Government Protests Erupt in Belgrade
Iran Executes Alleged Israeli Spies and Arrests Hundreds Amid Post-War Crackdown
Hungary's Prime Minister Criticizes NATO's Role in Ukraine
EU TO HUNGARY: LET THEM PRIDE OR PREP FOR SHADE. ORBÁN TO EU: STAY IN YOUR LANE AND FIX YOUR OWN MESS.
Hungarian Scientist to Conduct 30 Research Experiments on the International Space Station
NATO Members Agree to 5% Defense Spending Target by 2035
NATO Leaders Endorse Plan for Increased Defence Spending
U.S. Crude Oil Prices Drop Below $65 Amid Market Volatility
International Astronaut Team Launched to Space Station
Macron and Merz: Europe must arm itself in an unstable world
Germany and Italy Under Pressure to Repatriate $245bn of Gold from US Vaults
Iran Intensifies Crackdown on Alleged Mossad Operatives After Sabotage Claims
Trump Praises Iran’s ‘Very Weak’ Response After U.S. Strikes and Presses Israel to Pursue Peace
Oil Prices Set to Surge After US Strikes Iran
BA and Singapore Airlines Cancel Dubai Flights Amid Middle East Tensions
Trump Faces Backlash from MAGA Base Over Iran Strikes
Meta Bets $14 B on Alexandr Wang to Drive AI Ambitions
FedEx Founder Fred Smith, ‘Heart and Soul’ of the Company, Dies at 80
Chinese Factories Shift Away from U.S. Amid Trump‑Era Tariffs
Pimco Seizes Opportunity in Japan’s Dislocated Bond Market
Labubu Doll Drives Pop Mart to Status as China’s Most Valuable Toy Maker
Global Coal Demand Defies Paris Accord Goals
United States Conducts Precision Strikes on Iran’s Nuclear Sites
US strikes Iran nuclear sites, Trump says
Telegram Founder: I Will Leave My Fortune to Over 100 of My Children
16 Billion Login Credentials Leaked in Unprecedented Cybersecurity Breach
×