Jack Dorsey, the CEO of the popular Microblogging platform, Twitter, who owns the first-ever tweet on the platform has minted it on Cent, a service powered by Ethereum, in order to auction it off as a non-fungible token (NFT).
The tweet posted by Jack Dorsey on 21st March 2006 says “just setting up my twttr.”
just setting up my twttr
— jack (@jack) March 21, 2006
Around 8:00 pm eastern time, the top bid on the tweet was $88,888.88 worth of ETH. The bid came from a user known as “@Crypto888crypto.” The auction will remain until Dorsey accepts a bid.
— jack (@jack) March 6, 2021
Cent is a service powered by Ethereum blockchain, which allows users to mint, sell and bid on non-fungible tokens (NFTs) of tweets.
According to the platform, “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.”
All interested users are free to bid on the first-ever tweet on the platform. They can bid on the item with the digital token ETH since the transaction is taking place on the Ethereum blockchain.
Non-Fungible Token (NFT) Continues To Grow In Popularity
Non-fungible token (NFT) has been gaining much-needed attention since its emergence.
As Decrypt reported, In February 2021 alone, the top three NFT marketplaces, such as NBA Top Shot, OpenSea, and Beeple had a combined trading volume of relatively $342 million.