Twitter CEO Jack Dorsey’s first tweet NFT sells for $2.9 million

Twitter CEO Jack Dorsey addresses students during a city corridor at the Indian Institute of Technology (IIT) in Novel Delhi, India, November 12, 2018.

Anushree Fadnavis | Reuters

Twitter CEO Jack Dorsey’s first tweet, supplied for sale as a nonfungible token, used to be sold on Monday for 1,630.58 ether, a cryptocurrency. That’s similar to about $2.9 million basically based solely on ether’s model at the time of sale.

The tweet, which acknowledged “factual setting up my twttr,” used to be first printed on March 21, 2006. It used to be listed for sale as an NFT on March 6. By March 9, the absolute most sensible offer used to be from Sina Estavi, CEO of Bridge Oracle. Estavi won the public sale, though his convey used to be price about $2.5 million it used to be placed.

Ownership of these assets is recorded on a blockchain — a digital ledger similar to americans that underpin bitcoin and other cryptocurrencies. Nevertheless an particular person can now not alternate one NFT for one other as they would with bucks or other assets. Every NFT is weird and acts as a collector’s item that could well now not be duplicated, making them uncommon by manufacture.

Dorsey acknowledged he’ll convert the proceeds to bitcoin and ought to aloof then donate that to Give Without delay’s Africa Response fund.

CNBC’s Jessica Bursztynsky contributed to this file.

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