Dorsey revealed earlier this month that he would auction his very first tweet on Valuables, with profits going to Giving Directly Africa Response fund. On Monday, Dorsey confirmed he had actually contributed 50 BTC to the company, which is assisting people affected by the coronavirus pandemic.
As Valuables explains on its website, “owning” a tweet does not change its status on Twitter. Rather the winning bidder is buying “a digital certificate of the tweet, unique because it has actually been signed and confirmed by the creator.”
Fifteen years after Twitter CEO Jack Dorsey sent out the worlds very first tweet, the message has cost almost $3 million as an NFT. The winning quote originated from Sina Estavi, CEO of blockchain company Bridge Oracle.
The sale is the most recent high-profile example of the existing NFT craze thats made waves in the art and cryptocurrency neighborhood in current months. NFTs, or non-fungible tokens are a spin-off of cryptocurrency that completely connects a digital possession to a crypto-authenticated token. The real property– in this case, a tweet– can still be easily shared and viewed and copied by anyone on the web, but only Estavi will hold the initial “signed” variation.