Last year, the tweet was offered for $2.9 million (or 1630.5 ETH at that time) to Sina Estavi, Malaysia-based CEO of the blockchain business Bridge Oracle, through an auction on a platform called Valuables.
Twitter Inc (NYSE: TWTR) co-founder Jack Dorsey’s first-ever published tweet is now offered as a non-fungible token (NFT) for as much as $48 million on the NFT market OpenSea. The rate is 16 times greater than the $2.9 million that the existing owner paid for it last March.
Jack Dorsey’s tweet developed back on March 21, 2006, states “just setting up my twttr.”
just setting up my twttr
— jack⚡️ (@jack) March 21, 2006
Last year, the tweet was offered for $2.9 million (or 1630.5 ETH at that time) to Sina Estavi, Malaysia-based CEO of the blockchain business Bridge Oracle, through an auction on a platform called Valuables. Notably, there was a bidding war over the NFT. The creator of the crypto platform TRON and BitTorrent CEO Justin Sun and Bridge Oracle CEO Sina Estavi were arguing over the purchase. But eventually, Estavi’s quote of over 2.9 million won.
After the sale, the tweet is still live on Twitter. However, Estavi owns the NFT that was signed and validated by the developer. Following the sale, Dorsey stated that he desired all continues from the deal to be transformed to Bitcoin (BTC) and contributed to GiveDirectly, a charity offering money to individuals living in hardship.
Now, Estavi is selling the tweet. He shared the details on his Twitter, stating that half of the auction income will be contributed to charity. However, Dorsey appeared to program that the contribution need to be 99% of the cash.
why not 99% of it?
— jack⚡️ (@jack) April 7, 2022
Currently, Jack Dorsey’s 2006 tweet is worth around $48 million on the primary OpenSea NFT market.
Dorsey’s Crypto Activity
Last November, Jack Dorsey stepped down as CEO of Twitter to focus on his cryptocurrency aspirations. He has been a blockchain advocate for a long time. As Dorsey described, Twitter was all set to relocation on from its creators. The chief innovation officer (CTO) Parag Agrawal took after Dorsey to be in charge of the business.
Currently, Jack Dorsey is focusing on cryptocurrencies and mining activity. Last year, during the Bitcoin 2021 conference in Miami, he stated that crypto “changes whatever” for him:
“I weren’t believe there’s anything more essential in my life to work on, and I weren’t believe there’s anything more making it possible for for individuals around the world.”
His Block (formerly Square) business, where Dorsey stays CEO, has invested greatly in Bitcoin. As of October 2021, the business held almost 8,027 Bitcoins.
Notably, following the billionaire’s departure, Twitter has ended up being more open to embracing option cryptocurrencies. In February, Twitter permitted users to suggest developers with Ethereum quickly after including assistance for hex NFT avatars.