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Jack Dorsey’s first ever tweet sells for $2.9m

Twitter founder and CEO Jack Dorsey’s first ever tweet has been sold for the equivalent of $2.9m (£2.1m) to a Malaysian businessman.

The tweet, which said “just setting up my twttr,” was first published on March 21, 2006 and was auctioned off by Dorsey for charity.

The tweet was bought using the ether cryptocurrency, and the Malaysia-based buyer Sina Estavi compared the purchase to buying a Mona Lisa painting.

It was sold as a nonfungible token (NFT) on Monday to Mr Estavi, the chief executive of technology firm Bridge Oracle.

An NFT is a unique digital certificate that states who owns a photo, video or other form of online media. Each NFT is unique and acts as a collector’s item that can’t be duplicated, making them rare by design, BBC writes.

Mr Dorsey said he would convert the proceeds to bitcoin and then donate them to the Give Directly’s Africa Response fund.

“This is not just a tweet!” Mr Estavi posted on Twitter. “I think years later people will realize the true value of this tweet, like the Mona Lisa painting.”

The post will however remain publicly available on Twitter even after it has been auctioned off.

As the buyer, Mr Estavi will receive a certificate, digitally signed and verified by Mr Dorsey, as well as the metadata of the original tweet. The data will include information such as the time the tweet was posted and its text contents.

 

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