© APA / AFP / POOL / GREG NASH / GREG NASH
The 15-year-old tweet can be bid on the Valuables platform. The highest bid is currently $ 363,000.
How is that supposed to work?
Basically, it’s not possible to actually buy this tweet. Rather, as the highest bidder, you acquire a digital certificate that is unique and inextricably linked to the tweet. The tweet remains on Twitter.
These certificates are called NFT, Non-Fungible Token, and they have been enjoying great popularity recently. An NFT is a cryptographic token that is not exchangeable and therefore unique. It cannot be replicated or destroyed either and is stored on an Ethereum blockchain.
Like an autograph card
The NFT system is often compared to trading cards. A trading card without a signature is not worth much and can be bought by virtually anyone. With an autograph on it, however, certain trading cards can reach a high value. In the case of Jack Dorsey, it’s like the Twitter founder auctioning off his first tweet and autograph.