The Price Was Decent At $100

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Twitter boss Jack Dorsey is selling his very first tweet at auction, with bidding Saturday reaching $2 million in a sign of the appetite for virtual objects authenticated by means of blockchain technologies. In Dorsey’s case, the tweet itself remains visible to all, so long as he and Twitter leave it on the internet. Therefore, a 10-second clip displaying a spectacular sequence by basketball superstar LeBron James fetched $208,000 on the NBA Leading Shot web site late final month. Obtaining a tweet means buying “a digital certificate of the tweet, exceptional since it has been signed and verified by the creator,” according to Valuables. In 2019, Sun paid $4.6 million in a winning bid to lunch with iconic billionaire Warren Buffett. The major bid Saturday for Dorsey’s tweet — $2 million — came from Justin Sun, the founder of TRON, a platform for blockchain, the technologies underlying cryptocurrencies. Sun reportedly tried but failed to convince the elderly investor of the value of bitcoins. NFTs have soared in reputation, to the point that prestigious auction property Christie’s last month sold an entirely digital artwork. The approach is considerably like the on line sales of dramatic digital “moments” from National Basketball Association games the quick video sequences remain visible for free on the world wide web but a blockchain-backed “Non-Fungible Token” (NFT) is generated to assure the identity, authenticity and traceability of the video, confirming its value. Best Shot has generated much more than $200 million in transactions this year, according to Dapper Labs, which partnered with the NBA to create Best Shot. He also heads the BitTorrent streaming platform.

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