Jack Dorsey first sold the high-value tweet for almost $3, so whoever buys it now will be doing so for nearly sixteen times the initial price. Proceeds from the sale will be given to charity, and Jack Dorsey, the former CEO of Twitter, made some reservations after the deal was announced.
NFT of the World’s First Tweet Ever on Sale
The NFT of the first-ever tweet is currently on sale for approximately $47.7 million. The current owner of the non-fungible token is SinaEstavi, the chief executive officer of Bridge Oracle, a Blockchain service based in Malaysia.
On Wednesday, SinaEstavi listed the NFT on OpenSea, and it came as a surprise that it would be sold at sixteen times the initial cost. He also announced his intention to sell on Twitter. The 21 March 2006 tweet says, ‘just setting up my twttr’ was put up for 14,969 Ether.
After the initial tweet announcing the sale, Estavi also followed up with another tweet, saying ‘I decided to sell this NFT (the world’s first-ever tweet) and donate 50% of the proceeds ($25 million or more) to the charity.’ This was posted along with a screenshot of the NFT listing on OpenSea and a link to the sale.
He plans to give the proceeds to GiveDirectly Africa, a reliable charity that provides cash to those who live in poverty. Jack Dorsey had supported the same charity with the first sale of the NFT in 2021
It was Initially Sold for $2.9 Million
The former CEO of Twitter, Jack Dorsey, sold the first-ever tweet as an NFT for $2.9 million. The first offer for the tweet was made on the 15th of December, 2020, and bidding for the NFT ended on March 21, which is the same day the tweet was made in 2006.
Jack Dorsey first tweeted a link to the listing. After a while, he stated that he would ‘immediately convert proceeds to Bitcoin’ and give the proceeds to a nonprofit called GiveDirectly’s Africa. After the news was announced, Dorsey posted a screenshot of the donation and thanked the buyer.
On Twitter, the charity stated, ‘Last time the tweet was sold, the proceeds reached 14,497 families in poverty. With every additional $1M donated, we can reach ~4,000 more people….’
The NFT tweet was auctioned on Valuables, a social media network made by Cent and built on a Blockchain. Around this time, the CEO of Tesla, Elon Musk, listed his tweet on the same platform. For Jack Dorsey’s tweet, it was bought at 1630 ETH and sold for around $2,915,835. Dorsey was given 95% of the proceeds, and the remaining went to Cent.
Twitter’s Jack Dorsey Makes His Reservations on Twitter
Estavi’s announcement to sell the tweet and donate half of the proceeds to charity received a response from Jack Dorsey himself on Twitter. He questioned why he wasn’t donating 99% of the sale amount instead. The answer was also directed to GiveDirectly, and the founder of Tesla, Elon Musk, recently became a Twitter board member.
There are also a lot of questions on why the tweet is being sold for such a high price, almost sixteen times the initial price.
Since Dorsey gave all the proceeds from the first sale to charity, others also question why Estavi isn’t doing the same. Investors and NFT enthusiasts are looking out for when the NFT will be sold and who will purchase it at such a high price.