Twitter CEO’s first tweet sold as NFT for $2.5 million

As cryptocurrency becomes more mainstream, a cryptocurrency asset called "NFT" (heterogeneous token) has become popular. Recently, according to the BBC, the chief executive of twitter company Jack Dorsey

Dorsey’s first tweet in history sold for $2.5 million (about 16267500 yuan) as a foreign transfer of NFT assets.

Twitter CEO's first tweet sold as NFT for $2.5 million

The content of this tweet is “just setting up my twitter”, which was released on March 22, 2006.

Twitter CEO's first tweet sold as NFT for $2.5 million

From March 6 this year, this tweet began to be transferred as an NFT asset. On March 9, Sina, the chief executive of bridge Oracle, announced that the tweet would be transferred as an NFT asset

Twitter CEO's first tweet sold as NFT for $2.5 million

Estavi, the highest bidder, became the winner, and the final transaction price was 2.5 times the starting price. Dorsey said he would convert the money from the transfer of tweet NFT into bitcoin, and then donate the money to the African new crown foundation.

Twitter CEO's first tweet sold as NFT for $2.5 million

In digital currency, cryptocurrency needs to rely on the blockchain network behind it, while “non homogenous token” assets are similar to cryptocurrency, and the holding information of these assets is also recorded in the blockchain network. Each NFT asset is unique and unique, so the asset holder can’t exchange it for other NFT assets (for example, exchange it for any other assets like us dollar). Every NFT, as a kind of collection of the holder, can not be copied and has some scarcity.

In short, the emergence of NFT can make some digital art products or collections, as cryptocurrency assets with no substitutes and verifiable ownership, trade and transfer on the blockchain network. Although NFT is hard for ordinary people to understand, for artists, musicians and Internet influencers, NFT assets bring huge returns. Many investors spend a lot of money in the hope of owning the “NFT version” behind some digital assets.