The NFT madness continues: Banksy, Jack Dorsey and Justin Sun make headlines
Last week, we reported a piece of non-fungible token (NFT) history when artist Beeple became the first to auction a digital-only piece with no accompanying physical artwork. It seems the NFT madness is only just getting started though. This week, Twitter CEO Jack Dorsey’s announced that he’ll be auctioning his (and the platform’s) first-ever tweet as an NFT. The tweet, sent on 6 March 2006, will go on sale via the platform, Valuables.
just setting up my twttr
— jack (@jack) March 21, 2006
According to Valuables, “The tweet itself will continue to live on Twitter. What you are purchasing is a digital certificate of the tweet, unique because it has been signed and verified by the creator.” Users are able to bid on it with Ether, and as of time of writing, the highest offer is at $2.5 million from a Valuables user known as Estavi.
Before Estavi upped the ante, TRON CEO Justin Sun had bid $1,000,000.
That’s not all, though. A Banksy NFT also sold for $382k this week. The original painting, ‘Morons’, was first sold for £16,250 in 2006. The piece depicts a crowded auction house, with a framed canvas behind the auctioneer that reads: “I CAN’T BELIEVE YOU MORONS ACTUALLY BUY THIS SHIT.” The new layers of social commentary were added to the work after some crypto-fanatic financial traders got their hands on it.
‘Morons’ was bought again earlier this year for $95k. On 4 March, the consortium who bought it uploaded a video of themselves burning the work in New York, leaving nothing but a digital copy behind.