Billionaire Jack Dorsey has had some big ideas in is time, and he’s not going to dismiss new ideas without a closer look.
To that end, the CEO of Twitter is plunging into the NFT market to auction off his very first tweet.
For those unfamiliar with NFTs, or non-fungible tokens, they are the subject of emerging interest: a digital good that lives on the Ethereum blockchain.
And these goods can be worth anything from zero to as much as a buyer commits in a purchase.
This NFT is Dorsey’s famous: “just setting up my twttr” from 2006.
Again, it’s sometimes difficult to wrap one’s mind around value for something such as this; the tweet has been publicly available for free since 2006.
But investors (enthusiasts?) can “own” it for the right price, via a platform called Valuables.
As of Saturday morning, the highest offer for Dorsey’s tweet was $2 million, from tech entrepreneur Justin Sun.
Two million dollars? So, NFTs?
Some have fetched millions of dollars, with recognizable memes like Nyan Cat and the “deal with it” sunglasses being put up for auction.
“What you are purchasing is a digital certificate of the tweet, unique because it has been signed and verified by the creator,” according to Valuables’ FAQ.
Seriously, though. What does the person making the purchase receive?
A certificate, digitally signed and verified by Dorsey.
The metadata of the original tweet, with the tweet was posted and its contents.
Valuables is a tweets-specific marketplace that began only three months ago. And a cut of the action can be lucrative.
According to Valuables terms, 95% of a sale will go to the creator; the remainder to the website.