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Bids for Twitter co-founder Jack Dorsey's first ever Tweet reach $2.5m

Suban Abdulla
·Reporter
·2 min read
NEW DELHI, INDIA - NOVEMBER 12: Twitter CEO and Co Founder, Jack Dorsey addresses students at the Indian Institute of Technology (IIT), on November 12, 2018 in New Delhi, India. (Photo by Amal KS/Hindustan Times via Getty Images)
The tweet was listed for sale on a marketplace for tweets called Valuables by Centin in December, but gained traction last week after Dorsey tweeted about it. Photo: Amal KS/Hindustan Times via Getty Images (Hindustan Times via Getty Images)

Twitter (TWTR) CEO Jack Dorsey's first ever tweet is capturing a frenzy of bids after the co-founder put it up for sale.

So far, bids for the tweet, which was published on 21 March 2006 and reads: "just setting up my twttr" have reached $2.5m (£1.8m).

The tweet will be sold as a non-fungible token (NFT) — a digital certificate that attests who owns a photo, video or other form of online media.

But, despite this ownership, the tweet will be remain publicly available even after it is sold.

The buyer will get a certificate that has been digitally signed and verified by Dorsey as well as the metadata of the original tweet.

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The metadata contains information such as the text of the tweet and what time it was posted on the platform.

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The tweet was listed for sale on a marketplace for tweets called Valuables by Centin in December, but gained traction last week after Dorsey tweeted about it.

Almost all proceeds — 95% — a sale will go to the original creator with the remainder going to Valuables by Centin.

In a post on Twitter's website, the founders compare the buying of a tweet to a traditional autograph or piece of memorabilia.

"Owning any digital content can be a financial investment," the website says. "[It can] hold sentimental value. Like an autograph on a baseball card, the NFT itself is the creator’s autograph on the content, making it scarce, unique, and valuable."

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