The first text message ever sent, “Merry Christmas,” was sold as a “Non-Fungible Token” all at Paris auction house on Tuesday price of 107,000 euros ($121,000).
The text, which was sent on December 3, 1992, was auctioned off by Vodafone’s British telecommunications operator.
Neil Papworth, a Vodafone engineer, sent the SMS from his computer to a manager in the Uk, who got it on his 2-kg (4-pound) “Orbitel” telephone, which is comparable to an office phone but cordless and has a handle.
“He gave him the message ‘Merry Christmas’ since they were in the thick of end-of-year celebrations,” said Maximilien Aguttes, head of development for the Aguttes Auction House.
Non-Fungible Tokens, or NFTs, are a sort of digital asset that has become increasingly popular this year, with NFT artworks fetching millions of dollars.
These digital artefacts, including photographs, video, audio, and text, have been traded since roughly 2017, and they are stored on the blockchain, a distributed ledger of transactions. A digital signature is assigned to each NFT.
Because it is illegal in France to sell intangible commodities, the auction house has wrapped the text message in a digital frame that displays the code and communication protocol, according to Aguttes.
The buyer will receive the replica of the original communication protocol that transmitted the SMS, and proceeds will go to the United Nations Refugee Agency UNHCR.
Non-fungible tokens, or NFTs, are a sort of digital currency that has grown in popularity this year as NFT artworks have sold for millions of dollars. These digital things (pictures, movies, music, and text) are stored on a blockchain, which is a distributed ledger of transactions with each NFT having its own digital signature.
You Must keep reading more valuable articles at Dope Entrepreneurs.
Connect with us and Share your inspiring stories at Twitter.