Proving that almost anything can be sold online, Twitter’s CEO Jack Dorsey has just sold the first-ever published tweet as an NFT. The final bid was US$2.9 million8.
NFTs, or non-fungible tokens, refer to pieces of digital content linked to the blockchain, the digital ledger system underpinning cryptocurrencies such as bitcoin. Whilst cryptocurrencies are fungible – meaning they can be traded for another identical one – NFTs are unique and can’t be replaced with something else. NFTs can really be anything digital, though recently have been gaining buzz as a way to sell digital art.
Jack Dorsey’s original tweet was published on the social media platform on March 21, 2006, and read “just setting up my twttr”. It was bought by Sina Estavi, the CEO of Malaysian blockchain service Bridge Oracle9 for the impressive sum, which Mr Dorsey has pledged to donate to charity.