Jack Dorsey, CEO of Twitter, testified remotely via video conference in this screen made from video during a hearing of the Senate Judiciary Committee, entitled “Breaking the News: Censorship, Suppression, and the 2020 Election” on Facebook and Twitter’s content moderation on Capitol Hill in Washington. , USA, 17 November 2020.
Reuters
Jack Dorsey, who is selling his first ever tweet as a non-fungible sign, said Tuesday he will donate the profits to charity.
The Twitter CEO a link shared Friday afternoon to a platform called “Valuable Articles”, where his tweet was presented on March 21, 2006 “just my twttr essay”. According to the website, Sina Estavi, CEO of Bridge Oracle, is the highest bid for $ 2.5 million for Tuesday morning.
The auction ends March 21, Dorsey said. He will then immediately convert the proceeds to bitcoin and donate it to Give Directly’s Africa Response fund.
The NFT auction of the tweet comes amid the increase in popularity of crypto collectibles. The ownership of these assets is recorded in a blockchain – a digital ledger similar to the networks that support bitcoin and other cryptocurrencies. But one cannot exchange one NFT for another as with dollars or other assets. Each NFT is unique and serves as a collectible that cannot be duplicated, making it barely of design.
Dorsey was also a big proponent of bitcoin. Last month, he announced that he was collaborating with music magnate Jay-Z to set up a donation fund to fund the development of the digital coin, initially in Africa and India. Its digital payment company Square also bought about 3,318 bitcoins at the end of February, which expanded with the purchase of 4,709 in October 2020.
Subscribe to CNBC on YouTube.