Twitter CEO Jack Dorsey is going to sell his first tweet as an NFT on Sunday. On Sunday afternoon (US Time), the high bid for Dorsey’s tweet was at $2.5 million, from Sina Estavi, CEO of Bridge Oracle.
The message “just setting up my twttr”, has 24 characters including spaces. The bidding price values it at more than $100,000 per character. Online platform Valuables by Cent is hosting the auction of Dorsey’s tweet.
Additionally, it appears that a bidding war occurred between Tron founder Justin Sun and Sina Estavi, CEO of Bridge Oracle.
NFTs, or non-fungible tokens, are blockchain-based records that uniquely represent true ownership of a digital good – can be anything digital, including art, videos, music, GIFs, games, text, and a few lines of code.
NFT is quickly emerging as a new category of art. The value of high-priced NFTs comes from the combination of high demand and rarity. Earlier this month, a piece of digital artwork by Beeple, was sold for $69 million.
Alchemy Works With CryptoPunks on NFT
Blockchain infrastructure startup Alchemy plays a vital role as NFTs mushroom into a billion-dollar market, according to a Bloomberg report.
Alchemy helps decentralized finance (DeFi) projects and NFT platforms run or access nodes. Its first customer was Matt Hall, the co-creator of CryptoPunks.
More than $130 million of CryptoPunks’ NFTs of low-fi pixelated people figures have changed hands on various NFT platforms. The priciest piece was sold recently for about $7.6 million.
Nikil Viswanathan, cofounder of Alchemy, told Bloomberg that NFT projects had a hard time managing their connection to the Ethereum blockchain on their own. That’s when Alchemy entered the picture to handle the technical side of the operation.
Alchemy’s technology is now backing every major NFT platform such as Makersplace, OpenSea, Nifty Gateway, SuperRare and CryptoKitties. Alchemy also powers the Makersplace NFT platform which partners with Christie’s, in the auction sale of Beeple’s record-breaking NFT.
Transactions using its technology have grown 54-fold, Alchemy told Bloomberg.
“If you think about kids growing up today, they’re digital natives,” said Viswanathan on the NFT craze. “Digital actually lets you showcase your possessions and your luxury goods better than in the real world.”