The first tweet is for sale for 48 million

The first tweet is for sale for $48 million – a year ago it was bought for $2.9 million

An NFT asset linked to the first-ever tweet sent by microblogging platform founder Jack Dorsey is up for sale on a marketplace open sea at a price 16 times higher than a year ago.

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Sina Estavi, head of Malaysian blockchain service Bridge Oracle, announced tweeted about the decision to sell the NFT version of the first message on the platform on March 21, 2006 reading “Just setup my twttr” at a price of 14,969 Ethereum network tokens. He paid $2.9 million for it last March.

After announcing his intention to sell the asset, Mr. Estavi left another message promising to donate 50% of the proceeds to GiveDirectly, a charity that sends funds to people living below the poverty line.

Dorsey clarified why only half of the money goes to charity and not 99% – and Estavi said he plans to use the other half to develop his blockchain project and support the company’s employees. But he can send at least 100% of the proceeds to charity if that’s Dorsey’s will.

Recently it became known that 9.2% of shares in Twitter belong to the head of Tesla and SpaceX, Elon Musk – against the background of this news, shares of the microblogging platform rose by 26%.



About the author

Robbie Elmers

Robbie Elmers is a staff writer for Tech News Space, covering software, applications and services.

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