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Bids for Twitter Boss, Jack Dorsey’s First Tweet Reach $2M In Online Auction

Bids for Twitter Boss, Jack Dorsey’s First Tweet Reach $2M In Online Auction

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People with a lot of time and money on their hands have bid $2.5 million to “buy” Twitter founder Jack Dorsey’s first message on the platform.

The winner of the auction will get a digital certificate allowing them to lay claim to the 2006 tweet, in which Dorsey wrote “just setting up my twttr.”

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The battle to buy the tweet is part of the latest digital craze, known as “non-fungible tokens,” or NFTs.

An NFT is created using blockchain technology, the same tech behind digital currencies like Bitcoin. The “non-fungible” part means it’s one-of-a-kind and can’t be replaced.

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Dorsey’s tweet will stay where it is on Twitter, even after it is “bought” in the auction.

Collecting tweets, videos and digital art became enormously popular for the deep-pocketed during the pandemic. A 10-second video by digital artist Beeple sold for $6.6 million last week, bringing new attention to the trend.

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Owners can display their NFTs in an online gallery.

Dorsey tweeted a link Friday to the online auction being held on the site Valuables. Before he shared the link, the bid price was under $1 million. By Saturday afternoon, the price had jumped to $2.5 million.

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