Twitter owner Jack Dorsey’s first tweet sold for $2.9 million as an NFT
CEO of Twitter, Jack Dorsey, sold his first tweet as an NFT for just over $2.9 million dollars on Monday.
The tweet, “just setting up my twttr”, made on March 2021, 2006, was Dorsey’s first tweet.
The tweet is in the form of a non-fungible token (NFT), a kind of unique digital asset that has exploded in popularity since 2021.
Each NFT has its own blockchain-based digital signature, which serves as a public ledger, allowing anyone to verify the asset’s authenticity and ownership.
just setting up my twttr
— jack (@jack) March 21, 2006
The NFT was sold via auction on a platform called Valuables, which is owned by the U.S.-based company Cent.
The tweet was bought using a cryptocurrency, Ether, which was worth $2,915,835.47 at the time of sale, Cameron Hejazi, the CEO and co-founder of Cent confirmed.
The buyer, Sina Estavi, is based in Malaysia and is the CEO of the blockchain company Bridge Oracle, confirmed Cent.
Dorsey will receive 95% of the proceeds of the primary sale, while Cent receives 5%.
Cent CEO Cameron Hejazi said that his platform allows people to show support for a tweet that goes beyond the current options to like, comment and retweet.
