Yes, he did!
The concept of non-fungible tokens or NFTs might seem daunting, but they are the rage all over the cryptocurrency realm. The fandom is all agog at how rapidly NFTs are slowly going mainstream.
Owing to this, several well-known players were FOMOing as the craze showed no signs of slowing down. Today, we are talking about none other than Tron Foundation’s Justin Sun! He has updated his bet on Twitter CEO Jack Dorsey’s first-ever tweet, not once, not twice, not even thrice, but four times!
Dorsey’s NFT
For the uninitiated, Dorsey had listed the tweet for sale on the Ethereum based Valuables NFT marketplace on the 6th of March. While many hopped onto the train, the latest being the Silicon Valley billionaire who made a grand entry to the scene, it was actually Justin Sun whose highest bid stole the show.
The young crypto mogul first placed a bid of half a million dollars. Hours after which he updated it to $700k, then $1 million on the same day, then finally rising his bets all the way to a whopping $2 million for the piece.
The back-to-back tweets was enough to let the cryptocurrency community know that he really really wanted Dorsey’s NFT which reads “just setting up my twttr”.
Joining in the weekend buzz was Mike Novogratz, the CEO of Galaxy Investment Partners who went on to tweet that,
“Say what you want about Justin Sun, but the kid has gumption. And a lot of balls.”
The tech entrepreneur and Tron founder is now the highest bidder after this extravagant splurge of $2 million on the NFT. But this is not his first wild investment. Sun had previously placed a record-breaking $4.5 million bid to Warren Buffett’s Glide Foundation.
He had also donated $50k in Bitcoin to Anthony Pompliano’s Barstool Fund, and being the “big-mouthed” that he is, Sun wasted no time to tweet about it.
NFTs take the center stage
Digital art, collectibles, and virtual real estate have taken over the cryptocurrency industry by storm.
Celebrities, especially from the music industry, has been the early adopter of the space. Be it, Mike Shinoda, Snoop Dogg, Lil Yachty, Carl Cox, or Soulja Boy, the NFT market has emerged as a strong contender.