Estavi was given a certificate that was digitally signed and validated by Dorsey, as well as the original tweet’s metadata. The data consists of the time the tweet was first posted and its text.
Twitter CEO Jack Dorsey put up his first-ever tweet for sale as an NFT a few days ago. The tweet has now been sold as a Non-fungible token for $2.9 million. The NFT is simply a digital certificate of authenticity and credibility citing the rightful ownership of a specific product; it is also referred to as a blockchain. A Malaysian entrepreneur purchased Dorsey’s tweet.
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Dorsey’s first tweet, “just setting up my twttr,” was sent on March 21, 2006. The NFT was auctioned off on a website called Valuables, which is owned by Cent, a firm headquartered in the United States.
just setting up my twttr
— jack (@jack) March 21, 2006
Sina Estavi is the buyer, according to Cent. Estavi he is the CEO of the blockchain business Bridge Oracle and is based in Malaysia. When asked for comment on the purchase, Estavi told Reuters he was “thankful.”
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Estavi was given a certificate that was digitally signed and validated by Dorsey, as well as the original tweet’s metadata. The data consists of the time the tweet was first posted and its text.
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According to Reuters, Hejazi (CEO of Cent) stated, “These assets might go up in value, they might go down in value, but what will stay in the ledger and the history of ‘I purchased this from you at this moment in time’ and that’s going to be in both the buyer, the seller, and the public spectators’ memory”.
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Dorsey will get 95% of the proceeds from the primary sale, while Cent will get 5%. According to Cent CEO Cameron Hejazi, his platform allows people to express their support for a tweet in ways other than liking, commenting, and retweeting.
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Dorsey, a bitcoin fan, tweeted a link to the website where the NFT was for sale on March 6. On March 9, he said in another tweet that he will turn the auction proceeds into bitcoin and donate them to people in Africa affected by COVID-19.