Jack Dorsey, Twitter’s founder and CEO, auctioned his first ever tweet as a nonfungible token (NFT). It was originally uploaded on March 21 of 2006 and read “just setting up my twttr”. The tweet was bought using ether cryptocurrency and had a final bid of $2.9 million.
NFT technology enables digital records to be owned by individuals, auctioned, purchased and sold like any other physical good.
The auction began in December of last year, but bids didn’t go higher than the equivalent to $3,500. The auction seemingly took a pause between the end of December and the beginning of March, when the bids went from $4,500 to $2.5 million in a matter of hours on March 6. There were no additional bids since and the final price ended up being the equivalent of $2.9 million due to the increase in value of ether between March 6 and Monday.
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