Home Breaking News Twitter CEO Jack Dorsey’s first tweet NFT sells for $2.9 million

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

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

Twitter CEO Jack Dorsey addresses students at some stage in a town corridor on the Indian Institute of Technology (IIT) in Unusual Delhi, India, November 12, 2018.

Anushree Fadnavis | Reuters

Early Newspaper

Twitter CEO Jack Dorsey’s first tweet, equipped for sale as a nonfungible token, used to be sold on Monday for 1,630.58 ether, a cryptocurrency. That’s identical to about $2.9 million in step with ether’s ticket on the time of sale.

The tweet, which said “just establishing my twttr,” used to be first published on March 21, 2006. It used to be listed for sale as an NFT on March 6. By March 9, the absolute best provide used to be from Sina Estavi, CEO of Bridge Oracle. Estavi received the general public sale, though his express used to be price about $2.5 million it used to be positioned.

Ownership of these sources is recorded on a blockchain — a digital ledger just like those that underpin bitcoin and other cryptocurrencies. But a individual can not substitute one NFT for every other as they’d with bucks or other sources. Each and each NFT is irregular and acts as a collector’s item that would perchance perhaps’t be duplicated, making them uncommon by possess.

Dorsey said he’ll convert the proceeds to bitcoin and would perchance perhaps well then donate that to Give Straight’s Africa Response fund.

CNBC’s Jessica Bursztynsky contributed to this file.

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