NFT of first-ever tweet a dud in online auction / Photo: JUSTIN TALLIS - AFP/File
-
Billionaire Ambani's Jio soars in market debut after India's biggest IPO
-
Three killed by storm in southern India
-
AI chip giant SK hynix posts seven-fold surge in quarterly operating profit
-
Two hundred 'Cruise for life' passengers stranded in Cambodia
-
S.African activists push back on data centre rush
-
Billionaire Ambani's Jio jumps 21% in market debut after record India IPO
-
Billionaire Ambani's Jio to debut after record India IPO
-
Sri Lanka's Tamil farmers fight to reclaim land after civil war
-
UK set for cautious budget as borrowing costs climb
-
'They don't care about us': Trump food aid cuts leave Americans struggling and angry
-
US Fed expected to hold rates steady ahead of key midterm elections
-
Palestinian activist Khalil returns to Columbia after US detention
-
AI chip giant SK hynix says quarterly operating profit soars 630%
-
Youths testify about 'despair' in unprecedented Canadian climate trial
-
Charles tackles thorny legacy of slavery on Caribbean trip
-
Storied Paris department store seeks bankruptcy protection
-
UN nuclear watchdog chief urges Iran to grant access
-
Boeing shares tumble after it releases cautious growth forecast
-
Boeing releases cautious growth plan as shares fall sharply
-
Boeing reports smaller loss as it aims for stable output growth
-
Tech firms gain on Anthropic IPO optimism; HSBC slumps in London
-
Dangote, Nigeria's oil tycoon rewriting Africa's story
NFT of first-ever tweet a dud in online auction
An NFT of the first tweet ever posted on Twitter was struggling to attract bidders on Thursday, with the highest offer so far just shy of $10,000 -- a year after it was bought for $2.9 million.
In what could signal waning interest in non-fungible tokens (NFTs) hawked by athletes, artists, celebrities and tech stars, the famed inaugural Twitter post authored by co-founder Jack Dorsey seemed headed for an epic fail.
It has spent more than a week on the auction block at NFT marketplace OpenSea. The top offer was in the cryptocurrency Ether, its current value translating to just under $10,000, according to the website.
The historic first tweet from the account of @Jack reads "just setting up my twttr."
Malaysia-based entrepreneur Sina Estavi bought the tweet as an authenticated virtual object known as an NFT for $2.9 million early last year, but put it up for auction last week hoping to get some $48 million for it and give a chunk of the money to charity.
Dorsey had originally sold his tweet as an NFT in Ether.
Blockchain technology used in making the tokens allows people to own virtual objects with provable authenticity.
Estavi is among the early players in the NFT market, and is chief executive of blockchain platform Bridge Oracle.
The NFT trend includes a digital work by US artist Beeple selling for $69.3 million at a Christie's auction.
Ch.Lefebvre--CPN
