Is it wise to buy someone’s tweet for $ 2.9 million?
The man who bought Twitter founder Jack Dorsey’s first tweet for $ 2.9 million says it was a good investment.
“It’s a part of human history in the form of digital assets,” says Sina Estavi, based in Malaysia. Who knows what the price of the first tweet in human history will be 50 years from now?
He compared his purchased tweet to Leonardo da Vinci’s famous painting, Mona Lisa.
Experts believe that the first tweet of the founder of Twitter on his platform is a precious digital asset.
Jack Dorsey wrote in his first tweet, “I’m setting up my Twitter,” and it was published on March 21, 2006.
Jack Dorsey recently auctioned it off for his charity, Guy Directly Africa Response.
SinaEstavi himself is the chief executive of Bridge Oracle, a cryptocurrency company, and he bought it through Twitter Ether (another cryptocurrency compared to Bitcoin).
The tweet was sold as an NFT (Non-Fungible Token), a special type of digital certificate that testifies who owns the photos, videos, or other online media.
NFTs have become very popular this year and are selling costly digital artwork.
Speaking to the website, 29-year-old SinaEstavi says: “I think this is an emerging market, and this is just the beginning. All kinds of digital art, music, photos, tweets, blog posts can all be purchased in NFT format.
“His investors and colleagues are pleased with this investment because they know what the value of this particular NFT could be in the future and how it could affect social media,” he said. ۔ ‘
Is the price not high?
Although this tweet’s price surprised some people, experts say that it may be a wise investment.
“One way to describe it might be that in the future this first tweet will be seen as a rare book,” said Kathy Heckel, a social media expert.
“Twitter has started a new era of communication and this tweet has launched it.”
Jack Dorsey’s tweet was sold through an online platform called Valuables, owned by the American company St.
Senate co-founder Cameron Hijazi says it was the most expensive asset ever sold on the platform.
“I was shocked but not surprised. This asset’s value does not matter much, and we are happy that this money will be used for a good cause.
The NFT market is currently around $ 1 billion and uses the same blockchain technology on which cryptocurrencies such as bitcoins are made.
However, it isn’t easy to estimate how much users will value each other’s social media posts.