Home LifestyleArt NFT News: 1st Tweets Brings $2.9m

The first message ever fired off at Twitter sold on Monday for $2.9 million when its sender Jack Dorsey accepted the winning bid for the collectible as a “non fungible token” or NFT at an auction.

“Jack accepted the offer from sinaEstavi for $2,915,835.47,” read a tweet from the Valuables by Cent auction platform.

“This tweet is now minted on the blockchain.”

The profile on the auction-winning account indicated it belonged to Sina Estavi, chief executive of blockchain technology-related startup Bridge Oracle.

A copy of Dorsey’s inaugural tweet and a history of the bidding was posted at the v.cent.co website.

Dorsey’s tweet highlighted a surge of interest around NFTs, or non-fungible tokens.

NFTs use the same blockchain technology behind cryptocurrencies to turn anything from art to sports trading cards into virtual collector’s items that cannot be duplicated.

Fifteen years ago Dorsey typed out a banal message — “just setting up my twttr” — which became the first ever tweet, launching a global platform that has become a controversial and dominant force in civil society.

The short tweet was sent March 21, 2006 by the Twitter co-founder and chief, who said he would donate the money from its sale to charity.

“I think years later people will realize the true value of this tweet, like the Mona Lisa painting,” Estavi said in a Twitter post.

Dorsey on Monday tweeted thanks to @sinaEstavi, along with a message indicating the proceeds were sent to Give Directly nonprofit in East Africa that helps people living in poverty.

“Hey @jack , thank you for accepting my offer, and I’m glad this money is being donated to charity,” Estavi responded in tweet from @sinaEstavi.

You may also like

logo-white

Your Trusted Source for Capital Markets & Related News

Latest Articles

© 2024 LiveTradingNews.com – For The Traders, By The Traders – All Right Reserved.

The information contained on this website shall not be construed as (i) an offer to purchase or sell, or the solicitation of an offer to purchase or sell, any securities or services, (ii) investment, legal, business or tax advice or an offer to provide such advice, or (iii) a basis for making any investment decision. An offering may only be made upon a qualified investor’s receipt not via this website of formal materials from the Knightsbridge an offering memorandum and subscription documentation (“offering materials”). In the case of any inconsistency between the information on this website and any such offering materials, the offering materials shall control. Securities shall not be offered or sold in any jurisdiction in which such offer or sale would be unlawful unless the requirements of the applicable laws of such jurisdiction have been satisfied. Any decision to invest in securities must be based solely upon the information set forth in the applicable offering materials, which should be read carefully by qualified investors prior to investing. An investment with Knightsbridge is not suitable or desirable for all investors; investors may lose all or a portion of the capital invested. Investors may be required to bear the financial risks of an investment for an indefinite period of time. Qualified investors are urged to consult with their own legal, financial and tax advisors before making any investment. Knightsbridge is a private investment firm that offers investment services to Qualified Investors, Members and Institutions ONLY. Qualified Investors are defined as individuals who have met those Qualifications in the relevant jurisdictions. Members are defined as individuals who have been accepted into the Knightsbridge membership program. Institutions are defined as entities such as banks, pension funds, and hedge funds. If you are not a Qualified Investor, Member or Institution, you are not eligible to invest with Knightsbridge. All investments involve risk, and there is no guarantee of profit. You may lose some or all of your investment. Past performance is not indicative of future results. Knightsbridge is not a registered investment advisor, and this disclaimer should not be construed as investment advice. Please consult with a qualified financial advisor before making any investment decisions. By accessing this website, you agree to the terms of this disclaimer. Thank you for your interest in Knightsbridge.