- Twitter CEO Jack Dorsey’s first tweet, offered for sale as a non-fungible token, was sold on Monday for 1,630.58 ether.
- This equates to roughly $ 2.9 million based on the price of ether at the time of sale.
- Dorsey said he would convert the proceeds into bitcoin and then donate it to Give Directly’s Africa Response fund.
Twitter CEO Jack Dorsey’s first tweet, offered for sale as a non-fungible token, was sold on Monday for 1630.58 ether, a cryptocurrency. This equates to roughly $ 2.9 million based on the price of ether at the time of sale.
The tweet, which read “I just configured my twttr”, was first posted on March 21, 2006. It has been put up for sale as NFT on March 6. On March 9, the highest bid was from Sina Estavi, CEO of Bridge Oracle. Estavi won the auction, although her bid was worth around $ 2.5 million, it was placed.
Ownership of these assets is recorded on a blockchain a digital ledger similar to those underlyingBitcoinand other cryptocurrencies. But a person cannot trade one NFT for another like they would with dollars or other assets. Each NFT is unique and acts as a collector’s item that cannot be duplicated, making them rare by design.
Dorsey said he would convert the proceeds into bitcoin and then donate it to Give Directly’s Africa Response fund.
CNBC’s Jessica Bursztynsky contributed to this report.
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