Twitter CEO Jack Dorsey has put a signed digital certificate of his first tweet on sale.
Twitter CEO Jack Dorsey put the digital certificate authenticating the tweet on the Valuables platform. Valuables specializes in auctioning certificates of significant tweets, as they provide a one of a kind narrative around the tweet. The value added over merely looking at the tweet itself can be worth hundreds of thousands of dollars. For example, the certificate for the Jack Dorsey first tweet, at the time this article was written, had a high bid of $294,444.
Other tech names are getting involved as well. Binance chairman CZ put a tweet up for auction, and noted on Twitter that the sale might motivate sellers to add more than just a digital signature to the work.
When this article was published, the Valuables auction for the tweet was at $1,000.
NFTs have become a fixture of the latest cryptocurrency bull market. They have been around for a while, though. The technology first gained attention with CryptoKitties. The one of a kind digital felines, each with their own crypto-DNA, gained enough traction to clog up the Ethereum network in 2018.
The current generation of projects and platforms began to bloom in 2020. By Valentines Day 2021, the idea of offering NFT flowers was in the air.
The widespread popularity of crypto at this time helps, too. For example, musicians are seeing NFT as a way of both reaching out to fans and retaining more control over their releases. By cutting out middlemen and including a digital fingerprint by putting the music on blockchain, they can increase profits and artistic control while simultaneously minimizing some forms of piracy.
NFTs’ status as the next great thing grows as influencers and celebrities make waves with it. Logan Paul teamed up with Bondly Finance to create an NFT. He then held an event, in which he filmed a Pokemon trading card box break and chopped the video into NFTs. The resulting one of a kind digital items went for thousands of dollars each.