Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

NFT marketplace halts most transactions due to proliferation of fake and plagiarized tokens

Welcome back

Jack Dorsey’s ‘first tweet’ NFT sells for $2.9 million

Dorsey donated the money to charity.

Karissa Bell
K. Bell
March 22nd, 2021
NFT marketplace halts most transactions due to proliferation of fake and plagiarized tokens
Toby Melville / Reuters

Fifteen years after Twitter CEO Jack Dorsey sent the world’s first tweet, the message has sold for nearly $3 million as an NFT. The winning bid came from Sina Estavi, CEO of blockchain company Bridge Oracle.

Dorsey announced earlier this month that he would auction his first tweet on Valuables, with proceeds going to Giving Directly Africa Response fund. On Monday, Dorsey confirmed he had donated 50 BTC to the organization, which is helping people affected by the coronavirus pandemic.

As Valuables explains on its website, “owning” a tweet doesn’t change its status on Twitter. Rather the winning bidder is buying “a digital certificate of the tweet, unique because it has been signed and verified by the creator.”

The sale is the latest high-profile example of the current NFT craze that’s made waves in the art and cryptocurrency community in recent months. NFTs, or non-fungible tokens are an offshoot of cryptocurrency that permanently links a digital asset to a crypto-authenticated token. The actual asset — in this case, a tweet — can still be freely shared and viewed and copied by anyone on the internet, but only Estavi will hold the original “signed” version.

Engadget is a web magazine with obsessive daily coverage of everything new in gadgets and consumer electronics   

(136)

Report Post