The NFT madness continues: Banksy, Jack Dorsey and Justin Sun make headlines

Team Luno
Back to blog


1 minute read

Last week, we reported a piece of non-fungible token (NFT) history when artist Beeple became the first to auction a digital-only piece with no accompanying physical artwork. It seems the NFT madness is only just getting started though. This week, Twitter CEO Jack Dorsey’s announced that he’ll be auctioning his (and the platform’s) first-ever tweet as an NFT. The tweet, sent on 6 March 2006, will go on sale via the platform, Valuables.

 

 

According to Valuables, “The tweet itself will continue to live on Twitter. What you are purchasing is a digital certificate of the tweet, unique because it has been signed and verified by the creator.” Users are able to bid on it with Ether, and as of time of writing, the highest offer is at $2.5 million from a Valuables user known as Estavi.

 

Before Estavi upped the ante, TRON CEO Justin Sun had bid $1,000,000.

 

That’s not all, though. A Banksy NFT also sold for $382k this week. The original painting, ‘Morons’, was first sold for £16,250 in 2006. The piece depicts a crowded auction house, with a framed canvas behind the auctioneer that reads: “I CAN’T BELIEVE YOU MORONS ACTUALLY BUY THIS SHIT.” The new layers of social commentary were added to the work after some crypto-fanatic financial traders got their hands on it.

 

‘Morons’ was bought again earlier this year for $95k. On 4 March, the consortium who bought it uploaded a video of themselves burning the work in New York, leaving nothing but a digital copy behind.

 

Avatar Team Luno
Author

Team Luno

On our way to the moon, we write about all things crypto. And don’t forget we’re humans too. Our blog conveys the views of Luno and the many unique opinions and characters within our team. We’ll never provide you with financial advice, and we urge you to conduct your own research before purchasing or trading any cryptocurrencies. It’s a brave new world out there, and the market can be volatile at times, so never trade with funds you can’t afford to lose. Want to let us know how much you love our blog? Tweet us @lunomoney.

It’s never too late to get started

Buy, store and learn about Bitcoin, Ethereum, XRP and Litecoin now

Desktop Icon Apple App Store Logo Google Play Store Logo