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NFT Craze Reaches Twitter, CEO Jack Dorsey Sells First Tweet for $2.9 Million

Katie Cassidy Jack Dorsey song cover track

23.03.2021 - 06:49

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You might be wondering what an NFT is after today’s news about Twitter CEO Jack Dorsey and we have you covered. Dorsey just sold his first-ever tweet as an NFT for $2,915,835.47 and the winning bidder was blockchain company Bridge Oracle’s CEO Sina Estavi.

For those that don’t know, NFT stands for “non-fungible token” and it allows people to buy and sell ownership of digital items that are unique and allow the owner to track them using the blockchain.

NFTs can be one-of-a-kind or a copy and they can be things like animated GIFs, songs, artwork, items in video games, and more.

Earlier this month, auction house Christie’s sold an NFT of digital artwork by Beeple for an astounding $69 million.

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