SAN FRANCISCO (AP) – Twitter CEO Jack Dorsey has been selling a digital version of his first tweet for more than $ 2.9 million for more than two weeks after announcing a digital auction for the post.
The March 2006 tweet, which says “just setting up my twttr”, was bought by Bridge Oracle CEO Sina Estavi, according to Valuables through Cent, the digital platform where the digital auction for the tweet was held.
The 15-year-old post was sold as a non-fungible sign, or NFT – a digital certificate of authenticity that confirms that an item is genuine and unique in its kind by recording the details on a blockchain digital ledger.
Dorsey tweeted earlier this month that the proceeds would be converted to Bitcoin, a digital currency not linked to a bank or government, and given to the nonprofit GiveDirectly’s Africa response.. The charity raised money to support African families who were financially affected by the coronavirus pandemic.
According to Valuables, 95% of the proceeds from the sale price go to the original creator of the tweet, while 5% of it goes to the platform. Dorsey tweeted the Bitcoin receipt Monday afternoon, saying the funds had been sent to the charity.
“Amazing – thank you so much @jack and @sinaEstavi – looking forward to getting these $ into the hands of recipients soon,” GiveDirectly tweeted following Dorsey’s announcement.
NFTs have recently swept the online collection world. A digital artwork by artist Beeple was sold in an online auction by a British auction house for $ 69.4 million earlier this month, with an NFT as a guarantee of its authenticity.
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