Jack Dorsey, Twitter CEO, has sold his first-ever tweet to a Malaysia-based buyer named Sina Estavi.
In a tweet on Monday, Dorsey mentioned the name of his buyer and also acknowledged the transaction.
The tweet, which reads, “just setting up my twttr,” was first posted by Dorsey on March 21, 2006. It was traded in the form of a non-fungible token (NFT), a kind of unique digital asset that has exploded in popularity so far in 2021.
Each NFT has its own blockchain-based digital signature, which serves as a public ledger. This allows anyone to verify the asset’s authenticity and ownership.
Dorsey’s NFT was sold via auction on a platform called Valuables, which is owned by Cent, a US-based company.
Sent to @GiveDirectly Africa fund 🌍Thank you, @sinaEstavi. pic.twitter.com/aEZu07auLV
— jack (@jack) March 22, 2021
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Cameron Hejazi, the CEO and co-founder of Cent, confirmed that the NFT was bought using the cryptocurrency Ether for 1630.5825601 ETH. It is understood that the sum was worth $2,915,835.47 at the time of the transaction.
On March 6, Dorsey, who is a bitcoin enthusiast, tweeted a link to the website where the NFT was listed for sale.
In another tweet on March 9, the Twitter CEO went ahead to reveal that he would convert the proceeds from the auction into bitcoin and donate them to people impacted by the COVID-19 disease in Africa.
Commenting about his motivation for the purchase on Twitter, Estavi wrote: “This is not just a tweet! I think years later people will realize the true value of this tweet, like the Mona Lisa painting.”
This is not just a tweet!
I think years later people will realize the true value of this tweet, like the Mona Lisa painting https://t.co/vnA5pz3esQ
— Estavi (@sinaEstavi) March 22, 2021
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According to Forbes, Dorsey is worth nearly $13 billion.
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