share your thoughts in our comments section below.all comments are reviewed for the purposes of moderation before publishing. Dorsey had listed his first-ever tweet on the website 'Valuables by cent' which is poised to sell it as a non-fungible token (NFT). a diverse digital database that acts as a valuable guide in gaining insight and information about a product directly from the manufacturer, and serves as a rich reference point in developing a project or scheme. If they do provide consent, the highest bidder receives a digital certificate of the tweet. Buy & Sell Tweets . Total NFT sale volume has soared to almost $400 million, according to nonfungible.com, a website that tracks the NFT market. The auction for the tweet, sent in March 2006, will close when Dorsey accepts a bid. The Different Types of NFTs NFTs can be used to tokenize just about anything, with various media types being particularly low-hanging fruits. Crypto Rising Star BlockFi Combats ‘Vulgar And Racist’ Spam Attack, Bitcoin Trades North Of $50,000 After Latest Gains. NFT platform Valuables explains on its website that only the author of the tweet can choose to have their content immortalized on the blockchain. The tweet says “just setting up my twttr”, which was posted on 21 March 2006. Users can now bid on any tweet made by a public Twitter account. Twitter co-founder and CEO Jack Dorsey has listed his first-ever tweet on the platform for sale. Many in the cryptocurrency community see NFTs as a way of creating a relationship between creators, fans and collectors, arguing the concept is similar to rare first edition books or valuable trading cards. The cryptocurrency community is in a tizzy this weekend after the founder of Twitter, Jack Dorsey, tweeted about a new application that allows people to purchase tweets with ethereum. In 2019, Sun won a $4.5 million lunch with crypto-skeptic Warren Buffett as part of the "Oracle of Omaha’s" annual charity auction for the Glide Foundation. All Rights Reserved, This is a BETA experience. SUBSCRIBE TO THIS CHANNEL! The post, regarded as the first published tweet by Dorsey, went live on Valuables NFT online marketplace. Non-fungible mean you can't exchange it for another thing of equal value. If they do provide consent, the highest bidder receives a digital certificate of the tweet. If the seller accepts, the tweet is then minted into an NFT. name: buy jack dorsey’s first-ever tweet as a NFT. Potential buyers continue bidding for the Tweet and the winner gets an autographed version of it. The tweet is listed on NFT platform Valuables which is an Ethereum-based platform developed by the social network Cent. According to the valuables’ (the NFT network) website, only the tweet creator can decide to immortalize his content on the blockchain. In the next paragraph, I will try to give you a brief idea about NFT in case, you are completely unaware of it. Justin Sun, tron's founder and the chief executive of peer-to-peer file sharing client BitTorrent, made a bid of $2 million on Saturday morning. A piece of Twitter history is up for grabs, and it could be yours, for a cool $2.5 million. TWITTER CEO Jack Dorsey is trying to sell his first-ever tweet as an NFT collector's item and his highest bidder has offered $2.5million. Over the weekend, Twitter CEO Jack Dorsey put the first-ever tweet up for sale. By the end of 2020, it had grown 705% to $338 million in value, according to the latest estimate from Nonfungible.com, which monitors the NFT … first published in march 2006, the tweet reads ‘just setting up my twitter’. twitter co-founder jack dorsey is auctioning his first ever tweet with bids already reaching USD $2.5 million. Steven Zheng, a member of The Block’s research team, found Mark Cuban’s wallet. Non-fungible mean you can't exchange it for another thing of equal value. He digitized and auctioned his first tweet on Valuables, a website that allows people to tokenize and sell their tweets. @jarrensj offered $5.00 ( 0.0034) 3h ago . The top three NFT marketplaces – NBA Top Shot, OpenSea, and Beeple did a combined $342 million in trading volume in February. It said, “just setting up my twttr”. Jack Dorsey has provided a link to the website valuables where users can quote a sum for his tweet “just setting up my twttr”. valuable’s FAQ explains: owning any digital content can be a financial investment, hold sentimental value, and create a relationship between collector and creator. BY CENT . Some of the biggest NFT sales have raked in … According to the Valuables website, “The tweet itself will continue to live on Twitter. Jack Dorsey has listed his original tweet, “simply setting up my twttr”, as an NFT on auction site Valuables — Apparently you’ll be able to really promote your tweets as NFT — Jack Dorsey, the billionaire co-founder and CEO of Twitter, a person who stans bitcoin proper on his Twitter bio … On Friday, Twitter CEO Jack Dorsey called attention to a tokenized version of his first tweet on the non-fungible token (NFT) platform Valuables… On Jan. 28, he released his limited edition NFT titled “The RollUp 2021” on the Rarible marketplace. Digital songs, videos or items in video games can be sold as NFTs. dorsey has confirmed today that the auction will end march 21st, 2021, and that all proceeds will be converted to bitcoin and sent immediately to africa response via give directly. ), 3D files (GLB, etc. The Valuables NFT marketplace allows users to mint any of their tweets on the Ethereum blockchain and put them up for sale. Will immediately convert proceeds to #Bitcoin, And send to @GiveDirectly Africa Response. WATCH: … Dorsey has now listed this first tweet as a unique digital signature on a website called “Valuables by cent” meant for selling tweets as a non-fungible token (NFT), an asset … This certificate is unique because it needs to be cryptographically signed by the private key of the author. Total NFT sales have soared to almost $400 million, according to nonfungible.com, a website that tracks the NFT market. Twitter CEO Jack Dorsey he wants to sell his first-ever tweet as an NFT. Inside Rarible: The Red-Hot Ethereum NFT Marketplace Creating NFTs: Start with the Files. © 2021 Forbes Media LLC. Like an autograph on a baseball card, the NFT itself is the creator’s autograph on the content, making it scarce, unique, and valuable." NFTs are transforming our idea of what is valuable. Moreover, NFT’s increasing demand at the moment inspired Dorsey to list the famous post as a unique digital signature on the website for selling tweets as Non-Fungible Tokens (NFTs). He set his first tweet on Twitter on March 22, 2006. Jack Dorsey, the Twitter and Square Click here to subscribe to the Forbes CryptoAsset & Blockchain Advisor, I am a journalist with significant experience covering technology, finance, economics, and business around the world. I have covered the rise of bitcoin and cryptocurrency since 2012 and have charted its emergence as a niche technology into the greatest threat to the established financial system the world has ever seen and the most important new technology since the internet itself. why the non-fungible art marketplace is worth millions. Offers. Works of art: NFT can represent individual works of art which have been tokenized and are now represented by a unique token. So far, bidding has already reached $2.5 million. Bids on the tweet—which reads "just setting up my twttr"—have reached $2.5 million, with two cryptocurrency industry influencers pushing the price over the $2 million mark. Once you buy a tweet NFT on Valuables, you can resell it on the platform, and a portion of the sale goes back to the original owner. If you’re interested in creating NFTs, you’ll start by getting your media in order. For the uninitiated, Cent enables Twitter users to seamlessly authenticate their tweets for sale to others. An NFT is a unique asset, usually a work of art, a GIF or a meme that is bought by collectors. The NFT market has exploded over the last year as digital creators and influencers embrace a new way to potentially monetize their work. The winner will get a “digital certificate of the tweet,” according to an FAQ on NFT auction site Valuables, where Dorsey’s tweet is for sale. Other notable sales include almost $400,000 paid for a 50-second video by the Canadian musician Grimes and $6.6 million for a video by artist Mike Winkelmann, known as Beeple. This certificate is unique because it needs to be cryptographically signed by the private key of the author. NFT tokens are based on a different standard than normal tokens (fungible). There have been 5,368,992 NFT sales equating to $381 million in sales to-date since nonfungible.com started tallying up the market history. Flume x Jonathan Zawada. We are bringing new industry standards around digital fashion and NFTs, and solving challenges and problems faced in these industries today. Some of the biggest NFT sales have raked in millions, with the CryptoPunk pixel art avatar "ape in a fedora" selling for $1.5 million in February. As an FAQ for Valuables explains, the item for sale isn't the actual tweet, ... while the NFT attached to the "nyan cat" meme recently sold for cryptocurrency valued at over $600,000. twitter co-founder jack dorsey is auctioning his first ever tweet with bids already reaching USD $2.5 million. but why would you pay for something that has been, is, and will be freely available to anyone? Twitter CEO Jack Dorsey is auctioning off an NFT certificate of his first tweet. SQ the past couple of weeks have shown that digital goods are as valuable, with people willing to pay fortunes for digital assets like an innocuous twitter post. you can buy jack dorsey's first-ever tweet as a NFT but the bid is high. Users can bid on the item with Ether, the native token of the Ethereum blockchain, where the transaction will take place. According to Valuables by Cent’s terms, 95 per cent of a tweet’s sale will go to the original creator with the remainder going to the website. @rudyadler offered $1.00 ( 0.0007) 8h ago . The most valuable Tweet is one from Tesla founder Elon Musk. For instance, when Jack Dorsey endorsed the NFT application called Valuables, which was created by a startup called Cent it caused a stir. Jack Dorsey has provided a link to the website valuables where users can quote a sum for his tweet “just setting up my twttr”. BlockFi Gets A $3 Billion Valuation With New $350 Million Series D Funding, Software Hasn’t Eaten Wall Street Yet. At press time, the high bid was over $294,000. According to the Valuables FAQ’s page, the Tweet will continue to live on Twitter. In the next paragraph, I will try to give you a brief idea about NFT in case, you are completely unaware of it. Twitter CEO Jack Dorsey is selling the first tweet on the website - his own - as a non-fungible token. In laymen’s terms, such tweets can be thought of as being digitally signed copies. I write about how bitcoin, crypto and blockchain can change the world. A digital depiction of 2011's hottest meme—Nyan Cat—sold for almost $600,000 after its creator auctioned it on NFT marketplace Foundation to mark its 10-year anniversary. Sign up below for more details. If they agree, the winner of the bid will collect a digital certificate of the tweet. The 2006 post will remain on Twitter after it has been auctioned off, with the buyer receiving a digitally signed and verified certificate as "proof" of ownership. NFT artwork and collectables are gaining popularity in 2021. Please enable it to continue. With NFTs, almost anything is possible NFTs, a way to tokenize all manner of digital media from Twitter posts to art, are the latest cryptocurrency craze—with the market exploding as the soaring bitcoin price pushes cryptocurrency technology back into vogue three years after its late-2017 boom and subsequent bust. Dorsey is selling the first tweet as an NFT and has received the highest bid of $294,444. DIGITALAX is the first dedicated Digital-Only Fashion Auction Exchange Platform and Open Source Digital Fashion Toolkit. ), and beyond. Sales. Bitcoin Still 'Early' Despite Huge 500% Price Rally-$28 Billion Asset Manager. NFTs can support an array of files, like visual files (JPG, PNG, GIF, etc. At press time, the high bid was over $294,000. What you are purchasing is a digital certificate of the tweet, unique because it has been signed and verified by the creator." Twitter CEO Jack Dorsey he wants to sell his first-ever tweet as an NFT. Ethereum’s standard ERC-721 is the most common for NFT tokens, while cryptocurrencies (on Ethereum) are based on the ERC-20 standard. In a post on the site, the platform’s founders compare the buying of a tweet to that of a more traditional autograph or piece of memorabilia. […] Dorsey also tweeted with a bidding link to NFT through a platform called Valuables. Twitter CEO Jack Dorsey listed the first ever tweet on v.cent.co, with bids reaching $2.5 million as ... [+] NFT mania engulfs the cryptocurrency community. The Genesis tweet is up for auction on the NFT platform Valuables. Twitter CEO Jack Dorsey (File Photo) Twitter CEO Jack Dorsey is selling the first-ever tweet on the platform, which was posted from Dorsey’s account in March 2006. NFTs have become something of a household … ), music files (MP3, etc. The Twitter CEO shared a link Friday afternoon to a platform called "Valuables," where his March 21, 2006 tweet "just setting up my twttr" was up for bidding. @jarrensj offered $5.00 ( 0.0034) 3h ago . I have worked and written for CityAM, the Financial Times, and the New Statesman, amongst others. You may opt-out by. Twitter, Dorsey, Estavi, and Sun all failed to return requests for comment. Valuables. Decentraland is an informal NFT marketplace, it’s best described as fully decentralized digital world – a Sims-like virtual reality. The Twitter CEO shared a link Friday afternoon to a platform called "Valuables," where his March 21, 2006 tweet "just setting up my twttr" was up for bidding. NBA Top Shot, a project involving the National Basketball Association (NBA), its player association and blockchain company Dapper Labs, is selling NFTs of game highlights to fans—with a 12 second highlight of a November 2019 LeBron James dunk going for $200,000 last month. before physical goods like jewels, cars or designer handbags were likely to sale for exceptional prices. like an autograph on a baseball card, the NFT itself is the creator’s autograph on the content, making it scarce, unique, and valuable. Twitter CEO Jack Dorsey has sparked a bidding war by listing the first ever tweet as an non-fungible ... [+] token (NFT). NFT platform Valuables explains on its website that only the author of the tweet can choose to have their content immortalized on the blockchain. The tweet which was written on March 22, 2006, reads, ”just setting up my twttr”. Will the token be of any use once I download the mp3s and receive the vinyl? As the founding editor of Verdict.co.uk I reported on how technology is changing business, political trends, and the latest culture and lifestyle. As an FAQ for Valuables explains, the item for sale isn't the actual tweet, ... while the NFT attached to the "nyan cat" meme recently sold for cryptocurrency valued at over $600,000. What’s Your Tax Rate For Crypto Capital Gains? Bidding on the genesis tweet is heating up. Users can bid on the item with Ether, the native token of the Ethereum blockchain, where the transaction will take place. Autographed by their original creators. As the founding editor of Verdict.co.uk I reported. According to the Valuables website, "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." 3LAU NFTs - Buy, Sell and Trade Limited Edition Goods by 3LAU It's not the first time Sun has splashed out to raise his and tron's profiles. the tweet has been listed as a non-fungible token (NFT) on a website called valuables by cent. The NFT is a digitally signed and verified tweet that can only be minted once but can be sold and resold infinitely.