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The BBC reported on the 7th (local time) that the bid for the first Twitter post of the Twitter co-founder Jack Doss on the auction market rose to $2.5 million (about 2.8 billion won).
The first post the city posted on his Twitter account in March 2006 was posted on the auction market platform (Valuable by cent), which Twitter launched three months ago.
The post saying “I just set up my tweet” didn’t get much attention when it first went on sale in December of last year.
However, since the city posted this link on Twitter on the 5th, people have shared it thousands of times, soaring from $88,000 (about 100 million won) to $2.5 million in two days.
Anyone who purchases a post in the city will receive the metadata of the original post. Meta data includes information such as the time and content of the post.
Buyers also receive a digital certificate signed by the city, a Non-fungible token (NFT).
NFT, a unique type of digital certificate that identifies who owns online content such as photos and videos, uses the blockchain technology that is the basis of cryptocurrency.
Auction market experts are comparing NFTs to baseball cards, saying, “This will be worth the investment.” They predicted that Twitter post buyers would be able to sell it to someone else at a higher price in the future, sharing emotional value.
NFT, based on blockchain technology, is rapidly increasing its influence in the field of digital art and online sports and game item transactions because it can give values of scarcity and uniqueness to virtual assets.