Twitter CEO Jack Dorsey has officially sold the platform’s first tweet for a whopping $2.9 million, or to put in perspective, P141.1 million.
Written in 2006, Dorsey’s first post introduces the site and showcases his first time to try sending out a tweet—"just setting up my twttr." Little did he know that it would be worth millions 15 years later.
Be careful, you’re looking at $2.9M here:
just setting up my twttr— jack (@jack) March 21, 2006
The tweet was bought by Sina Estavi, the Malaysia-based CEO of blockchain company Bridge Oracle. Estiva compared his purchase to the “Mona Lisa,” as the act of buying non-fungible tokens—or NFT—has gained popularity in recent months.
ICYDK, NFTs are essentially files that act as online signatures to certify who owns online content. NFTs are non-transferable assets, therefore they’re considered as growing investments for people that actually have the extra money to afford them.
The tweet will be preserved as-is when viewed online, but its legal ownership will be protected by blockchain technology.
Digital artworks are also being sold by way of NFT, with prestigious auction house Christie’s hosting its first digital-only art auction this month. It garnered over $69 million.
Estiva also defended his $2.9 million purchase through Twitter, claiming that “this is not just a tweet! I think years later people will realize the true value of this tweet, like the Mona Lisa painting.”
This is not just a tweet!— Estavi (@sinaEstavi) March 22, 2021
I think years later people will realize the true value of this tweet, like the Mona Lisa painting https://t.co/vnA5pz3esQ
Bidding for Dorsey's tweet started in March of this year, as it was temporarily stuck at the $2 million bid by tech entrepreneur Justin Sun.
95% of the proceeds of the sale will be given to the official auction site Valuables by Cent, with Dorsey planning to donate to a charity called Givedirectly.
Photo by Brett Jordan via Pexels