After spending just over two weeks on the market, Twitter CEO Jack Dorsey sold his first tweet as an NFT for the odd specific figure of $ 2,915,835.47. The winning bidder was Sina Estavi, who has held the high bid since offering $ 2.5 million on March 6. He increased his offer to this number at the last minute (and if anyone can tell us what the figure represents, we’d love to hear your theories).
Dorsey presented the tweet at the digital auction as an NFT – non-fungible sign – a digital good living on the Ethereum blockchain, on March 5th. Presentations were handled on a platform called Valuables by Cent that allows people to make presentations on tweets “signed by their original creators.”
The offers about Dorsey’s concise first tweet ‘just setting my twttr’ from 21 March 2006, increased rapidly, and Dorsey later said he would end the bid on the tweet’s 15th anniversary. According to the timestamp on Cent, Estavi made his final, winning bid on Monday afternoon, and according to Reuters, paid using the Ether cryptocurrency amounting to 1630.5825601 ETH. Estavi, CEO of blockchain company Bridge Oracle, said Reuters he was ‘grateful’.
Dorsey had earlier said he would convert the winning bid into bitcoin and donate it to GiveDirectly for its Africa response, and he tweeted his receipt Monday afternoon. GiveDirectly is a charity that gives money directly to people living in poverty.
Auction winners at Cent receive a digital certificate of the tweet at their purchase, which is “unique because it was signed and verified by the maker.” Dorsey receives 95 percent of the sale price, and Cent gets 5 percent, according to the frequently asked questions.