Jack Dorsey’s first tweet offered for $48m on NFT marketplace
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Jack Dorsey’s first tweet offered for $48m on NFT marketplace

Jack Dorsey’s first tweet offered for $48m on NFT marketplace

It is 16 times of what the owner paid for a year ago

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A digital copy of the first-ever tweet by Twitter’s co-founder Jack Dorsey has been offered for almost $48m on non-fungible token (NFT) marketplace OpenSea, 16 times what the owner paid for it a year ago.

Sina Estavi, the chief executive officer of Malaysian blockchain service Bridge Oracle, announced on Twitter that he’d put the NFT version of the March 21, 2006 tweet saying “just setting up my twttr” up for sale for 14,969 Ether. He paid $2.9m for it in March last year.

After his initial tweet announcing the sale, Estavi followed up with another promising to donate 50 per cent of the proceeds to the charity GiveDirectly, which gives cash to people living in poverty, and which Dorsey had said he’d supported after the first sale of the NFT.

Dorsey responded on Twitter: “why not 99 per cent of it?” He directed his response to Estavi, GiveDirectly and Tesla founder (and recent Twitter board member) Elon Musk.

Twitter’s stock rallied 27 per cent on Monday after news broke that Musk had taken a 9.2 per cent stake in the company.

A day later, Twitter appointed him to its board of directors. Dorsey stepped down as Twitter’s CEO in November.

Read: Elon Musk poll may prompt a Twitter edit button, CEO hints

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