Jack Dorsey, Twitter CEO, sells NFT’s first tweet for $ 2.9 million

SAN FRANCISCO (AP) – Twitter CEO Jack Dorsey sold a digital version of his first tweet for more than $ 2.9 million, more than two weeks after announcing a digital auction for the position.

The March 2006 tweet, which says “just configuring my twttr”, was purchased by Bridge Oracle’s CEO, Sina Estavi, according to Valuables by Cent, the digital platform where the digital auction for the tweet was held.

The 15-year-old post was sold as a non-fungible token, or NFT – a digital certificate of authenticity that confirms that an item is real and unique, by recording the details in a blockchain digital ledger.

Dorsey tweeted earlier this month that the proceeds would be converted into Bitcoin, a digital currency not tied to a bank or government, and handed over to the nonprofit organization GiveDirectly’s Africa Response. The charity has raised money to support African families who have been financially affected by the coronavirus pandemic.

According to Valuables, 95% of the sale price revenue goes to the original creator of the tweet, while 5% goes to the platform. Dorsey tweeted Bitcoin’s receipt on Monday afternoon and said the funds were sent to the charity.

“Incredible – thank you very much @jack and @sinaEstavi – looking forward to putting this $ in the hands of the recipients soon,” tweeted GiveDirectly after Dorsey’s announcement.

NFTs recently swept the world of online collections. A digital work of art by artist Beeple was sold for $ 69.4 million in an online auction by a British auction house earlier this month, with an NFT as a guarantee of its authenticity.

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