Twitter CEO Jack Dorsey’s First Tweet Sold for $2.9 Million as an NFT

Twitter boss Jack Dorsey sold his first tweet as NFT for just over $ 2.9 million (around Rs. 20 crore).

The tweet is in the form of a TVN – a kind of unique digital asset that has exploded in popularity so far in 2021.

Each NFT has its own blockchain-based digital signature, which serves as a public ledger, allowing anyone to verify the authenticity and ownership of the asset.

The tweet – “just setting up my twttr” – was Dorsey’s first tweet, made on March 21, 2006.

The NFT was auctioned off on a platform called Valuables, which is owned by the US company Cent.

It was purchased using cryptocurrency Ether, for 1,630.5825601 ETH, which was worth $ 2,915,835.47 (approx Rs. 21 crore) at the time of the sale, confirmed Cameron Hejazi, CEO and co-founder of Cent.

Cent has confirmed that the buyer is Sina Estavi. Estavi’s Twitter profile, @sinaEstavi, says he is based in Malaysia and is CEO of blockchain company Bridge Oracle. Estavi told Reuters he was “grateful” when asked to comment on the purchase.

March 6, Dorsey, which is a Bitcoin enthusiast, tweeted a link to the website where the NFT was listed for sale. He then said in another tweet on March 9 that he convert product of the Bitcoin auction and give them to those affected by COVID-19[female[feminine in Africa.

Dorsey receives 95 percent of the proceeds from the primary sale, while Cent receives 5 percent.

Cent CEO Cameron Hejazi said his platform allows people to show their support for a tweet that goes beyond current options for liking, commenting and retweeting.

“These assets can go up in value, they can go down, but what will be left is the ledger and the history of ‘I bought it from you at that time’ and that is going to be both in the buyer, seller and the memory of public viewers, ”Hejazi said, adding that this was“ inherently valuable ”.

© Thomson Reuters 2021

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