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The tweet up for bid is Dorsey’s first tweet from 2006, which says “just setting up my twttr”
So far, the tweet has reached a bid of $2.5 million by Sina Estavi, CEO of Bridge Oracle, according to Valuable’s website.
Non-fungible tokens, or NFTs, have picked up steam in recent months as a popular technology to sell digital art and other musings such as drawings or music. An NFT is a unique digital token which effectively verifies authenticity and ownership. It is encrypted with the artist’s signature on the blockchain, a digital ledger used in cryptocurrencies such as bitcoin.
But it doesn’t just stop at artwork: NFTs have made their way to the NBA and are being used to buy highlight clips of iconic basketball plays such as Lebron James hitting a slam dunk.
NBA Top Shot, a NFT marketplace launched by blockchain startup Dapper Labs, allows customers to buy and sell video highlight clips it calls “moments.” It’s a twist on physical trading cards that have been cashing in big by collectors on the platform.
— CNN’s Jack Guy contributed to this report.
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