Jack Dorsey finally sold his first tweet as an NFT, worth $ 2.9 million !! Why is a CEO tweet worth so much?
Paying to own someone else’s tweet. It may seem silly, but for those who understand the meaning of NFTs, it is just another milestone. In this case, the leading tweet in the story is Twitter CEO Jack Dorsey’s first tweet, which recently sold for a total of US $ 2.9 million! We already tell you more about it.
NFT fever finally hits Twitter
Why was a Jack Dorsey tweet worth so much?
Non-fungible tokens (NFTs) have been a revolution in the world of digital currencies. They have especially skyrocketed in popularity in recent months with everyone from Elon Musk to Mark Cuban getting into the cryptocurrency frenzy.
An NFT can be any type of one-of-a-kind digital asset, such as a work of art or a video clip, where the ownership of that asset is represented on a blockchain. The buyer of an NFT basically gets a crypto-backed digital receipt proving that the NFT is authentic and that they own it.
In this case, the asset that was sold was Dorsey’s first tweet. It is from 2006, and it says “just setting my twttr”. The tweet was sold through an auction on the Valuables platform. Such a platform allows users to sell autographed versions of their tweets as NFT. It is a relatively new niche, but you pay to own something unique and 100% original, as if it were a work of art.
Are NFTs the future of art?
Who paid and how much?
The winning bid came from Sina Estavi, CEO of blockchain company Bridge Oracle, who bid 1630.5825601 in the cryptocurrency Ethereum on March 6. That is, the day after Dorsey first announced the NFT auction. This is not just a tweet! I think years later people will realize the true value of this tweet, like the Mona Lisa painting, “Estavi said after its purchase.
Dorsey said he donated $ 2,915,835.47 from the sale to GiveDirectly, an organization that sends cash to poor families in Africa affected by Covid-19. If this surprises you, keep in mind that the most expensive NFT ever sold is a digital artwork by the artist known as Beeple, which sold for $ 69.3 million.