Tuesday, 23 March 2021



Twitter CEO, Jack Dorsey Sells His First-ever Tweet for $2.9 million

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Twitter CEO, Jack Dorsey has made money from his first ever tweet after selling it for a record, $2.9m.

 

Dorsey
Jack Dorsey
 
The first tweet ever to be made on Twitter has sold for a staggering $2.9 million.
 
Twitter CEO, Jack Dorsey sold his first-ever tweet yesterday for that amount as a non-fungible token, or NFT.
 
Sina Estavi, CEO of blockchain company Bridge Oracle based in Malaysia bought the tweet.
The tweet was made on March 21, 2006, and it said: “just setting up my Twitter,” and the bidding for the tweet started December 2015 and ended on March 21.
 
Dorsey’s tweet was auctioned on Valuables, a platform by Cent, a social media network built on blockchain. Tesla’s Elon Musk has also listed a tweet on the same platform but has yet to sell it.
 
Non-Fungible Tokens, NFTs, a unique digital asset secured on a blockchain have been the latest trend lately. Each NFT has its own signature, which can be verified in the public ledger and cannot be duplicated.
 
In a tweet, Jack Dorsey said he will convert the proceeds to Bitcoin and send to “Give Directly Africa Fund” a non-profit organization.
 
Jack Dorsey’s tweet was bought using Ether for 1630.5825601 ETH, which was worth around $2,915,835 at the time it sold.
 
In case you missed it: Dorsey earlier announced his intention to auctioning his first-ever tweet on a website that sells tweets as non-fungible tokens (NFTs).
 




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