News NFT of Jack Dorsey's First Tweet Cost $2.9 Million, Now Auctioning for $2,000

TJ Hooker

I can't help but think that a lot of NFT trades were just money laundering, and any resale profit was just icing on the cake.

Edit: Not necessarily in this case, just in general.
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The destiny that awaits BTC, ETH, and any other crypto asset rlly.

Nah crypto currency has a place when used as actual currency and not an investment asset class. It is extremely useful for moving large amounts of money across international borders without requiring permission. It's also useful for storing wealth in a way that is out of reach from a dishonest government, where there are many in the world.

The issue happened when people started gambling and treating it like a speculative asset instead of a currency. You don't hear people screaming "buy Yen, it's going TO THE MOON".
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Jul 15, 2011
I'm pretty sure a tweet is "fair use" under US law and to claim you have some protected status to a screen shot is a joke. This is 100% worthless!
At that price, it's almost cheap enough that i'd be tempted to buy it and delete it.
Except it's an NFT, so owning it doesn't necessarily give you any rights or control over the arbitrary thing that it's claimed to be tied to. You wouldn't be paying for the Tweet so much as you would be paying for an imaginary badge that merely identifies you as someone who has paid money to be associated with it.

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