Twitter CEO’s first tweet sold for $ 2.9 million as an NFT

The first tweet of Twitter co-founder and CEO, billionaire Jack Dorsey, put up for auction as a non-fungible token (NFT), sold for $ 2.9 million. Twitter “) Jack Dorsey posted on March 21, 2006.

The answer is that NFTs are unique files that represent a chain of blocks and can prove ownership of digital artwork. Each NFT has its own blockchain-based digital signature that serves as a public ledger where its identity and ownership can be verified. Buyers of NFTs usually have the undivided rights to use and display digital art, but often they only use the NFT as a bragging item or an asset that can be resold later.

The very first tweet was auctioned on the Valuables platform, owned by the American company Cent. The tweet was purchased for 1,630.5825601 Ethereum, which was $ 2,915,835 at the time of sale, according to Cameron Hejazi, CEO, and co-founder of Cent. Cent’s commission is 5% of the sale amount.

The buyer was Sina Estavi (nickname @sinaEstavi), whose Twitter account indicates that he lives in Malaysia and is the CEO of the blockchain company Bridge Oracle.

Jack Dorsey previously announced that he intends to convert the proceeds from the sale of the tweet at the auction into bitcoins and donate them to Africans affected by the COVID-19 pandemic.