The first ever tweet is now a unique digital signature and it is now getting sold as a NFT – Non-fungible token.
Jack Dorsey, CEO at Twitter Inc, has been recently talking about auctioning the first ever tweet on Twitter. The first ever tweet will be converted to an NFT and it will be auctioned for Bitcoin.
The first ever tweet reads: “just setting up my twttr”
This tweet has gone live for sale and it has been listed as a unique digital signature on a website that is selling the tweet as a non-fungible token (NFT).
NFTs is a method of identifying the owner of photos, videos, and other kinds of online media. The auction of the tweet as an NFT will end on March 21, 2021. It is well known that Dorsey is a well-known Bitcoin enthusiast. The 15-year-old tweet as a digital memorabilia is expected to attract bidders who will be willing to pay an interesting price.
The proceeds from this auction will get donated to GiveDirectly, which is a fundraising project to give cash directly to families experiencing extreme poverty in Africa.
While many critics think that Bitcoin has no value, the idea of enabling human freedoms at global scale is getting to be very valuable. And it is becoming very obvious that Bitcoin is gaining reputation as a tool for human freedom.
When utilized effectively Bitcoin will promote meritocracy and not exploitation. Those who know Bitcoin well state that when you understand BTC you won’t sell it for money, you’ll sell it for something you need, thereby confirming it as a currency/money. Selling it for FIAT is a downgrade unless it’s only a necessary step towards whatever it is you need.
When discussing the legitimacy of Bitcoin, some of them are wondering how hoarding artificial value spreads freedom. Developing nations are starting to realize the benefits of Bitcoin and are going all in. Nigeria of all places is the number two in volume of Bitcoin trading after the US. The confidence in BTC is improving.
Many are strongly believing that It’s more about protecting your money and having true financial freedom than getting quick rich scheme.
Bitcoin is likely to be a decentralized asset, but also remember anything man-made is capable of Manipulation. Add to it, the vast energy consumption required to keep the bitcoin operation ongoing and the exponential rate of depletion of natural resource with destruction of environment – governments will enter to bring in some kind of control. However, for now, despite all these Dorsey knows that Bitcoin is a stuff.
