Bidding on the genesis tweet is heating up.
On Friday, Twitter CEO Jack Dorsey called attention to a tokenized version of his first tweet on the non-fungible token (NFT) platform Valuables. Even though the 2006 tweet was minted in December 2020, Dorsey's Friday tweet has ignited a bidding war, reflecting today's frothy market for crypto collectibles.
Anyone can offer to buy a tweet on the platform. For example, the first bid for the tweet in question was $1 from @TheGaloisCxn on Dec. 15, 2020.
This is the tweet that Estavi apparently now thinks is worth $2.5 million:
This is Dorsey's first time showing interest in Ethereum. Many people around the tech industry suggested that the recent boom in NFTs may partially explain Square's announcement Thursday that it would acquire the music streaming site Tidal (prior to that announcement, Dorsey announced a collaboration with rapper Jay-Z to expand the use of bitcoin in Africa).
The fight over the first-ever tweet on an Ethereum-based platform should only add fuel to that fire.
UPDATE (March 6, 13:24 UTC): Updates with latest bidding.
UPDATE (March 6, 13:42 UTC): Updates with latest bidding.
UPDATE (March 6, 14:51 UTC): Updates with latest bidding.
UPDATE (March 6, 16:20 UTC): Rewrites throughout.
UPDATE (March 6, 18:06 UTC): Updates with latest bidding.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.