Twitter CEO Jack Dorsey Sells NFT From First Tweet For $ 2.9 Million

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Twitter CEO Jack Dorsey Sells NFT From First Tweet For $ 2.9 Million


SAN FRANCISCO (AP) – Twitter CEO Jack Dorsey has sold a digital version of his debut tweet for more than $ 2.9 million more than two weeks after he announced a digital auction for the post.

The March 2006 tweet, which says “I just configured my twttr,” was bought by Sina Estavi, CEO of Bridge Oracle, according to Valuables by Cent, the digital platform on which the digital auction took place. of the tweet.

The 15-year-old post was sold as a non-fungible token, or NFT – a digital certificate of authenticity that confirms that an item is real and one of a kind by recording the details on a blockchain digital ledger.

Dorsey tweeted earlier this month that the proceeds would be converted into Bitcoin, a digital currency unrelated to a bank or government, and handed over to the nonprofit GiveDirectly’s Africa Response.. The charity raised funds to support African families who have been financially affected by the coronavirus pandemic.

According to Valuables, 95% of the proceeds of the sale price goes to the original creator of the tweet while 5% of it goes to the platform. Dorsey tweeted the Bitcoin receipt on Monday afternoon, and said the funds had been sent to the charity.

“Amazing – a huge thank you @jack and @sinaEstavi – look forward to getting this $ back into the hands of recipients soon”, GiveDirectly tweeted following Dorsey’s announcement.

NFTs have recently swept the world of online fundraising. A digital artwork by artist Beeple sold for $ 69.4 million in an online auction by a UK auction house earlier this month, with an NFT as a guarantee of its authenticity.

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The Associated Press receives support from the Lilly Endowment for Coverage of Philanthropy and Nonprofit Organizations. The AP is solely responsible for all content. For all of AP’s philanthropic coverage, visit https://apnews.com/hub/philanthropy.



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