Bidding Reaches $2M as Twitter’s Dorsey Highlights NFT Version of First-Ever Tweet

Bidding Reaches $2M as Twitter’s Dorsey Highlights NFT Version of First-Ever Tweet

Bidding on the genesis tweet is heating up.

Twitter CEO Jack Dorsey’s first-ever message as minted a non-fungible token (NFT) listed on the Valuables platform has ignited a bidding war. As of Saturday morning, the high bid was $2 million, made by Justin Sun, the founder of TRON and the CEO of BitTorrent.Sun has been vying for the historic tweet with Sina Estavi, whose LinkedIn profile describes him as CEO of Malaysia-based CryptoLand & Bridge.

Valuables is an Ethereum-based platform created by the social network Cent that allows users of Twitter to authenticate their tweets for sale to others (think of them as digitally signed copies).

This is the tweet that Sun seems to think is worth $2 million:

Dorsey is a well known fan of bitcoin, making multiple forays into the space. Cash App, from his other company, Square, is a major venue for retail investors to purchase the cryptocurrency. Dorsey also invested in Lightning Labs, a second layer on the Bitcoin network, seen as a scaling solution.

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.

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