Twitter CEO, Jack Dorsey has sold his first-ever published tweet for $2.9 million dollars as an Non-Fungible Token (NFT) on Monday.
The tweet, which said, “just setting up my twttr,” was published on March 21, 2006. It has been shared more than 120,000 times and liked more than 160,000 times.
just setting up my twttr
— jack (@jack) March 21, 2006
The tweet was listed for sale on ‘Valuables by Cent’ – a tweets marketplace that was launched three months ago.
Upon the announcement of the sale, the tweet received offers as high as $88,888.88 within minutes of Jack tweeting a link to the listing on” Valuables by Cent” last Friday.
A digitally autographed version was purchased 15 years later, almost to the day, by Sina Estavi, CEO of Malaysian blockchain service, Bridge Oracle.
The tweet was bought using Ether for 1630.5825601 ETH, which was worth around $2,915,835 at the time it sold.
The final buyer of 15-year-old tweet, which is one of the most famous tweets ever on the platform, will receive a certificate, digitally signed and verified by Jack Dorsey, as well as the metadata of the original tweet.
The data will include information such as the time the tweet was posted and its text contents. Most of this information, however, is already publicly available.
According to Valuables by Cent’s terms, 95% of a tweet’s sale will go to the original creator while the remainder will go to the website.
In a tweet, Jack Dorsey converted the proceeds to Bitcoin and sent it “Give Directly Africa Fund” a non-profit organization, as promised.
Sent to @GiveDirectly Africa fund 🌍Thank you, @sinaEstavi. pic.twitter.com/aEZu07auLV
— jack (@jack) March 22, 2021
Meanwhile, Non-Fungible Token (NFTs) have picked up steam in recent months as a popular technology to sell digital art and other musings such as drawings or music. An NFT is a unique digital token which effectively verifies authenticity and ownership. It is encrypted with the artist’s signature on the blockchain, a digital ledger used in cryptocurrencies such as bitcoin.
In recent weeks, NFTs have sold for seven or even eight figures, mirroring a broader market euphoria currently propping up stocks, sports trading cards and cryptocurrencies.
