Saturday, April 10, 2021

Twitter’s Jack Dorsey Selling First Tweet Ever on Ethereum-Powered Service, Receives $88,888.88 In ETH Bid

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.”

Read Also: Google Now Features BTC, ETH, LTC, and BCH Prices on Its finance. google. com Domain

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.

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.

Read Also: Elon Musk Admits He Will Never Turn Down the Chance of Getting Paid in Bitcoin (BTC)

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.

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Tobi Loba
Tobi-Loba is a creative and an award-winning writer with over 5 million readers from all over the world. She has B.A in English and Literature from a reputable University and currently studying for her M.A in the same field. She recently became a contributor at Herald Sheets in order to satisfy her thirst in reporting crypto and blockchain occurrences, the interest she built over the years.

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