NFT of Jack Dorsey’s First Tweet Listed For $48 Million

NFT of Jack Dorsey’s First Tweet Listed For $48 Million. It was amazing to see figures for NFT nowadays.  Just a tweet of a Jack Dorsey’s listed about more than 366 crores. One can say that is the power of a Non Fungible Token. 

The highest bid on a Non-Fungible Token (NFT) of Twitter founder Jack Dorsey’s first tweet was $280. Last week, the NFT was put up for auction at a price of $48 million.
Mr. Dorsey’s first tweet read “just setting up my Twitter” on May 21, 2006, and crypto entrepreneur Sina Estavi purchased it for $2.9 million.

NFT of Jack Dorsey's First Tweet Listed For $48 Million
NFT of Jack Dorsey’s First Tweet Listed For $48 Million

He listed the NFT and pledged to donate half of the proceeds to charity.

According to Joe Pomplilano,”Jack Dorsey sold his 1st-ever tweet as an NFT last year. It was bought for $2.9 million, which he converted to Bitcoin & donated to COVID-19 relief in Africa. But last week, the buyer relisted it for $48 million & the auction ended with a top bid of just $280..”

On April 7, Mr. Estavi said he had decided to sell the NFT ( the world’s first tweet ) and donate 50% of the proceeds ( $25 million or more ) to the charity @GiveDirectly.

The ‘GiveDirectly’ charity is expected to receive $140 – half what Mr Estavi received as his bid for the NFT.

Mr. Estavi responded, “If I get a good offer, I might accept it, but I might never sell it.”

The entrepreneur has two days to accept the bid, after which it expires.

These are digital assets with their ownership information encoded on a blockchain. A digital asset is considered to be owned and controlled by the holder of an NFT.

Mr Estavi is the founder of two cryptocurrency companies based in Malaysia. Coindesk reports that Mr Estavi was arrested in Iran last May for “disrupting the economic system”. He was arrested two months after buying the NFT of Dorsey’s tweet.

Dorsey spent nine months in jail before being released without explanation. After his arrest, Mr Estavi’s company Cryptoland – one of Iran’s biggest cryptocurrency exchanges – shut down.

 

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