Bids for Twitter co-founder Jack Dorsey’s first post on the microblogging site has reached USD 2.5 million. 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).
Non-fungible mean you can’t exchange it for another thing of equal value. The NFT refers to a unit of currency on the Blockchain, the way cryptocurrency like Bitcoin is bought and sold.
NFTs are digital files that serve as digital signatures to certify who owns photos, videos and other online media.
The 2006 post “Just setting up my twttr” has been listed as a unique digital signature on the website and the highest offer that has been offered till now is USD 2,500,000.
The artist Grimes recently sold several NFT items for nearly $6 million.
An NFT of LeBron James making a historic dunk for the Lakers garnered more than $200,000.
Dorsey tweeted a link to the website listing on Friday, and the Twitter co-founder’s post has since…