Malaysia-based CEO Sina Estavi buys Twitter boss Jack Dorsey’s first tweet for US$2.9 million
- The buyer says people will realise the true value of the purchase years later, ‘like the Mona Lisa painting’
- The tweet – ‘just setting up my twttr’ – is in the form of a non-fungible token (NFT), a kind of unique digital asset that has recently exploded in popularity
Twitter boss Jack Dorsey sold his first tweet as an NFT for just over US$2.9 million dollars on Monday.
The tweet is in the form of a non-fungible token (NFT) – a kind of unique digital asset that has exploded in popularity so far in 2021.
Each NFT has its own blockchain-based digital signature, which serves as a public ledger, allowing anyone to verify the asset’s authenticity and ownership.
The tweet – “just setting up my twttr” – was Dorsey’s first tweet, made on March 21, 2006.
The NFT was sold via auction on a platform called Valuables, which is owned by the US-based company Cent.
It was bought using the cryptocurrency Ether, for 1630.5825601 ETH, which was worth US$2,915,835.47 at the time of sale, Cameron Hejazi, the CEO and co-founder of Cent confirmed.