Twitter CEO Jack Dorsey sells NFT from first tweet for $ 2.9 million


SAN FRANCISCO (AP) – Twitter CEO Jack Dorsey sold a digital version of his first tweet for more than $ 2.9 million more than two weeks after announcing a digital auction for the publication.

The March 2006 tweet, which reads “I just set up my twttr,” was purchased by Bridge Oracle CEO Sina Estavi, according to Valuables by Cent, the digital platform where the tweet’s digital auction took place.

The 15-year-old publication was sold as a non-fungible token., or NFT: a digital certificate of authenticity that confirms that an item is real and unique by recording the details in a blockchain digital ledger.

Dorsey tweeted earlier this month that the proceeds would be converted to Bitcoin, a digital currency that is not tied to a bank or government, and delivered to the nonprofit GiveDirectly’s Africa Response.. The charity has been raising money to support African families who were financially affected by the coronavirus pandemic.

According to Valuables, 95% of the profit from the sale price goes to the original creator of the tweet, while 5% goes to the platform. Dorsey tweeted the receipt for Bitcoin on Monday afternoon, and said the funds were sent to the charity.

“Incredible – thank you very much @jack and @sinaEstavi – I hope this $ reaches the recipients’ hands soon”, GiveDirectly tweeted following Dorsey’s announcement.

NFTs have recently taken the online collection world by storm. A digital artwork by artist Beeple sold for $ 69.4 million at an online auction by a British auction house earlier this month, with an NFT as a guarantee of its authenticity.

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