After Jack Dorsey promoted an auction on the site Valuables for an NFT of his very first tweet, the bids for “just setting up my twttr” reach $2.5M

Apparently you can actually sell your tweets as NFT — Jack Dorsey, the billionaire co-founder and CEO of Twitter …

The Verge 2021-03-07 Jay Peters

Context & Ripple Effects

The listing followed Valuables' rollout of tweet NFTs, a service from crypto company Cent that let users sell tweets for Ethereum. Dorsey's original post became an early high-profile test of whether a social-media artifact could attract collector demand.

The auction's initial momentum was later validated by a $2.9M completed sale, but subsequent coverage recorded a sharply lower maximum bid when the NFT returned to auction. That sequence makes the early bid surge significant as both a visibility win for Valuables and a caution on NFT resale liquidity.

First-order effects

Dorsey's listing gives Valuables its most prominent auction to date, while a $2.5M bid establishes a public market signal for the NFT tied to Twitter's first post.
Collectors bidding on the token face a fast-rising price benchmark ahead of the auction's eventual close.

Second-order effects

Valuables and other services selling social-media NFTs gain a powerful marketing reference point; the later $2.9M sale gives the format a concrete headline transaction.
The later 2 ETH maximum bid at a resale auction shows that early attention did not create a durable price floor, making buyers and marketplaces more sensitive to the depth of secondary demand.

Third-order effects

The sequence points to a market in which cultural provenance can generate large initial NFT valuations, while resale prices depend on a much narrower pool of active bidders.
If similar gaps between primary attention and secondary liquidity persist, NFT platforms will compete less on celebrity launch events and more on sustaining collector participation after the first sale.

The trend: NFT markets are turning internet-native cultural moments into tradable collectibles, but the Dorsey auction illustrates how weak secondary liquidity can separate initial hype from enduring value.

Discussion

@jack @jack on x
https://v.cent.co/...
@kantrowitz Alex Kantrowitz on x
Okay, convince me the economy isn't drunk https://twitter.com/...
@can @can on x
“delete your tweets” remains my best/worst advice https://twitter.com/...
@quinnypig Corey Quinn on x
I wish my shitposting was newsworthy. I feel like I'm on the cusp! https://twitter.com/...
@trekonomics @trekonomics on x
all the bourgeois want to be artists, and all the artists want to be bourgeois https://twitter.com/...
@trekonomics @trekonomics on x
Still can't get over the fact that @jack is selling his famous first tweet through an app designed to let people make money from their tweets 🤔 https://twitter.com/...
@kateconger O...K on x
can someone buy the tweet and then delete the tweet https://twitter.com/...
@cburniske Chris Burniske on x
This tweet will set the bar of what a tweet can be worth, already nearing a $100K bid. https://twitter.com/... https://twitter.com/...
@danielpunkass Daniel Jalkut on x
I know this is getting all the flak but on top of everything else it feels off to me that a CEO of a public company is trying to profit (?) from a make-believe asset hosted on his own company's website. https://twitter.com/...
@medicalquack @medicalquack on x
Seriously? come one RT @Techmeme: @jack has listed his original tweet, “just setting up my twttr”, as an NFT on auction site Valuables (@jaypeters / The Verge) https://www.theverge.com/... https://www.techmeme.com/...
@mikeisaac Rat King on x
@jack this one gonna do numbers
@willoremus Will Oremus on x
@jack Exit Through the NFT Shop
@notwaldorf Monica on x
just when I thought the nft hype couldn't get worse, you can now apparently make nfts out of tweets, because that's an art form worth wasting energy on. but yeah tell me again how nfts are for the artists and how they're totally going to solve all art market problems. https://twi…
@moskov Dustin Moskovitz on x
Nobody needs to own tweets. This trend is bad, and it's totally ruining @BoredElonMusk who is just trying to monetize his account incessantly now. Please get off my lawn. https://twitter.com/...
@themarkcooke Mark on x
So I'm going to be able to sell my tweets soon? Would people pay for my #futures dive bomb tweets? I marked the top just a few weeks ago. 🤷🏻 https://twitter.com/...
@joshconstine Josh Constine on x
https://twitter.com/... https://twitter.com/...
@ron_miller Ron Miller on x
Maybe everyone should sell their original Tweet. The value can be established based on how boring it is compared to this one. https://twitter.com/...
@harrymccracken Harry McCracken on x
Radio Shack tweets: $1 each, 3/$2.50 Non-Radio Shack tweets: $5 each 10% off for typos https://www.theverge.com/...
@scribblingon Shubheksha on x
My god we are truly in the worst timeline https://twitter.com/...
@karengeier @karengeier on x
if you buy this, you're the biggest chooch that ever lived https://twitter.com/...
@nd_kane Natalie D Kane on x
I have digital preservation questions about this, mostly about the fact that it would be nice if they would maybe work with museums to preserve this kind of digital heritage rather than do weird planet destroying novelty crap like this but am I surprised, of course not. https://t…
@drpippam Pippa Malmgren on x
More non-fungible token (NFT) news. Bids reach $2.5m for Twitter co-founder's first post. These digital snapshots are the ultimate monetisation of the ephemeral. https://www.bbc.com/...
@katecrawford Kate Crawford on x
This is the right take on NFTs, the First Tweet, and digital heritage preservation, from a curator who knows her stuff 👇 https://twitter.com/...
@daniellemorrill Danielle Morrill on x
Well why not https://twitter.com/...
@thatadamguy Adam Lasnik on x
Stop this (really really dumb) simulation, I want to get off. https://www.techmeme.com/...
@th3j35t3r @th3j35t3r on x
????? Jack Dorsey is trying to sell his first tweet - “As of Saturday morning, the highest offer for Dorsey's (1st) tweet was $2 million, from tech entrepreneur Justin Sun.” https://www.theverge.com/...
@chrismessina @chrismessina on x
Current bid: $2,500,000 by @sinaEstavi #NFTs https://twitter.com/...
@anthony Anthony DeRosa on x
I don't understand the value here. Do you own the copyright? Do people then have to pay you to have the Tweet appear somehow? I doubt it. https://www.bbc.com/...
@paulszoldra Paul Szoldra on x
people with a lot of money are not necessarily smart https://www.bbc.com/...
@rachelcoldicutt Rachel Coldicutt on x
*checks notes* yep, it definitely can get worse. https://twitter.com/...
@tonyatamanuik Tony on x
This is, by far, the dumbest fucking thing I've ever seen. A Billionaire auctioning off his first tweet with the top bid being 2.5 million, while people fight over a living wage. We've lost the thread folks. Also, for this tweet, the bidding starts at 100k! https://twitter.com/..…
@ruskin147 Rory Cellan-Jones on x
Twitter's Dorsey auctions first ever tweet as digital memorabilia. This NFT business is now getting completely barmy...(but feel free to pay me $100K for this tweet) https://www.reuters.com/...
@carnage4life Dare Obasanjo on x
The problem with trying to recreate scarcity digitally is information wants to be free. Even if you buy the concept of NFTs, Jack can create NFTs on different platforms or mint multiple NFTs for his tweet. You aren't buying copyright or IP just a hash. https://www.reuters.com/...
@tonyromm Tony Romm on x
selling digital only goods during an economic crisis for sky high value is a ... look https://twitter.com/...
@sicarious_ Sicarious on x
This tweet thread is beautiful. 1. #Bitcoin maxies losing their mind that Jack has defiled himself with #Ethereum 2. No-coiners losing their minds about NFTs 3. Justin Sun bidding $700,000 for the tweet (because, of course he is). https://twitter.com/...
@lanceulanoff Lance Ulanoff on x
I'm shocked. Also, my first tweet is for sale on: https://v.cent.co/... @cent https://www.theverge.com/...
@edent Terence Eden on x
By my count, this is the 5th service which will “mint” your Tweet onto a blockchain. Digital goods have no scarcity. Don't be conned into “investing” in them. https://twitter.com/...
@mlgace @mlgace on x
Can't wait to sell this tweet for $100,000. https://twitter.com/...
@philosophybites @philosophybites on x
This non-fungible token thing is taking off thanks to Blockchain. Why is there a market for such intangibles? It's like selling someone a star that they'll never be able to visit. https://twitter.com/...
@missnatoshi @missnatoshi on x
FYI Jack's tweet NFT lives on $MATIC https://twitter.com/...
@sandeepnailwal Sandeep on x
Incase you dint notice, this amazing tokenized tweet app is also powered by @0xPolygon 😎😎🖖 https://twitter.com/...

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