and SpaceX CEO Elon Musk is selling one of his tweets about NFT, as NFT.
The bid for Musks’ tweet, which features a video and song about NFT, has a maximum bid of $ 1.1 million.
A non-fungible token (NFT) is a verifiable digital asset secured by blockchain technology. NFTs are not interchangeable like coins – each one is unique and cannot be replicated. NFTs use blockchain, the technology ledger that supports cryptocurrencies like bitcoin BTCUSD,
and ethereum ETHUSD,
which are databases of information linked to record the ownership or transactions of a product.
According to the auction on Valuable By Cent, the tweet market that runs the auction, the highest bidder will receive “a digital certificate of the tweet, unique because it has been signed and verified by the creator.
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The auction winner will also get the metadata of the original tweet, including “when the tweet was posted, what is the content of the tweet text, the timestamp of the tweet, and the digital signature of the creator’s crypto wallet address” . it currently does not have an end date.
Twitter CEO Jack Dorsey is also selling one of his tweets as NFT – the offer has hit $ 2.5 million.
As of Tuesday afternoon, the highest bid in both NFT auctions for Musk and Dorsey’s tweets is held by the same Twitter user @sinaEstavi.
The user did not respond to a request for comment.
NFTs have exploded in popularity in recent months as people have spent hundreds of millions of dollars on digital assets like NBA Top Shot and other digital art. A digital artwork by the artist known as Beeple recently sold for $ 70 million.