In a weird and wonderful use-case example for non-fungible tokens, Twitter CEO Jack Dorsey is auctioning off the digital rights to his first-ever Tweet from March 2006.
Dorsey shared a link on his Twitter profile on March 6 that took users to an online auction for his 2006 Tweet, which also happened to be the first ever made on the popular social media platform some 15 years ago.
The Tweet’s auction is being facilitated by the NFT platform Valuables, which allows users to mint tweets on its blockchain ‘creating a 1-of-1 autographed version.’ People can then bid for the ownership of the autographed tweet – as explained in the Valuables FAQ. Bids and payments are facilitated using ETH.
“The tweet itself will continue to live on Twitter. What you are purchasing is a digital certificate of the tweet, unique because it has been signed and verified by the creator. This autographed digital certificate will only be issued once on Valuables. It is signed using cryptography, and includes metadata of the original tweet like: when the tweet was posted, what the text contents are of the tweet, the timestamp of the tweet, and the digital signature from the creator’s crypto wallet address.”
The website goes on to say that owning digital content can be done as a financial investment or to hold sentimental value.
“Like an autograph on a baseball card, the NFT itself is the creator’s autograph on the content, making it scarce, unique, and valuable.”
Dorsey’s first Tweet from March 2006 reads ‘just setting up my twttr’:
Dorsey’s digitally autographed Tweet has attracted a $2mln bid from Tron founder Justin Sun but that bid has since been outdone by a $2.5mln bid from Sina Estavi, the CEO of Tron-based oracle service Bridge.