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| ‘Just setting up my twttr’: Twitter CEO Jack Dorsey sells his first tweet for $2.9 million | ‘Just setting up my twttr’: Twitter CEO Jack Dorsey sells his first tweet for $2.9 million |
| (30 days later) | |
| The first ever tweet penned by the co-founder and CEO of Twitter Jack Dorsey was sold as a non-fungible token (NFT) for more than $2.9 million at an auction on Monday. | The first ever tweet penned by the co-founder and CEO of Twitter Jack Dorsey was sold as a non-fungible token (NFT) for more than $2.9 million at an auction on Monday. |
| The 15-year-old tweet, which reads “just setting up my twttr,” was bought by a platform called Valuables, owned by US company Cent, after it was put up for sale earlier this month. | The 15-year-old tweet, which reads “just setting up my twttr,” was bought by a platform called Valuables, owned by US company Cent, after it was put up for sale earlier this month. |
| Dorsey’s post, uploaded to Twitter on March 21, 2006, was sold as an NFT – a new online token, which allows people to collect digital assets and verify their ownership. | Dorsey’s post, uploaded to Twitter on March 21, 2006, was sold as an NFT – a new online token, which allows people to collect digital assets and verify their ownership. |
| Like cryptocurrencies, NFTs use blockchain technology, but instead of representing money, they act as a digital ledger to show that a person owns what they have bought. | Like cryptocurrencies, NFTs use blockchain technology, but instead of representing money, they act as a digital ledger to show that a person owns what they have bought. |
| Malaysia-based businessman, Sina Estavi, bought Dorsey’s tweet with the cryptocurrency ethereum for 1630.5825601 ETH – or US$2,915,835.47. | Malaysia-based businessman, Sina Estavi, bought Dorsey’s tweet with the cryptocurrency ethereum for 1630.5825601 ETH – or US$2,915,835.47. |
| Estavi, who is the CEO of the blockchain company Bridge Oracle, told Reuters he was “thankful” after snapping up the first ever tweet. | Estavi, who is the CEO of the blockchain company Bridge Oracle, told Reuters he was “thankful” after snapping up the first ever tweet. |
| He also thanked Dorsey on Twitter and said he was glad the proceeds would be going to charity. | He also thanked Dorsey on Twitter and said he was glad the proceeds would be going to charity. |
| Cent takes 5% commission on the sale of the tweet, while Dorsey gets 95%, which he earlier announced would be used to help people in Africa who have been hit hard by the Covid-19 pandemic. | Cent takes 5% commission on the sale of the tweet, while Dorsey gets 95%, which he earlier announced would be used to help people in Africa who have been hit hard by the Covid-19 pandemic. |
| The popularity of NFTs has surged in 2021, fueled by the sale of several high-profile items, including a series of 10 artworks flogged by the musician Grimes, who is in a relationship with cryptocurrency enthusiast Elon Musk. | The popularity of NFTs has surged in 2021, fueled by the sale of several high-profile items, including a series of 10 artworks flogged by the musician Grimes, who is in a relationship with cryptocurrency enthusiast Elon Musk. |
| At the beginning of March, the singer netted more than $5.8 million in under 20 minutes as she sold the pieces, which included images and videos, on the NFT trading platform Nifty Gateway. | At the beginning of March, the singer netted more than $5.8 million in under 20 minutes as she sold the pieces, which included images and videos, on the NFT trading platform Nifty Gateway. |
| Like this story? Share it with a friend! | Like this story? Share it with a friend! |