Dorsey sold his first tweet for $2.9M in Ethereum, but charity gets Bitcoin

This is a GIF of a book that Jack Dorsey should read now that he's sold his first ever tweet for Ethereum cryptocurrency.

Jack Dorsey’s first tweet sold for $2.9 million worth of Ethereum as the billionaire settled his informal Non-Fungible Token (NFT) auction on Monday.

Blockchain entrepreneur Sina Estavi submitted the winning bid after exchanging offers with TRON’s Justin Sun — a serial marketeer in charge of the blockchain ecosystem in which Estavi’s tech resides.

Dorsey listed the tweet on December 15, 2020, attracting $1 to start.
14 bidders vied for the associated NFT, which the platform describes as a “digital certificate” of the post.
Estavi and Sun were the only bidders to submit offers over $1 million.

Dorsey’s ‘genesis tweet’ sold for 1,630.6 ETH ($2.9 million).

Twitter billionaire Dorsey previously promised proceeds from the sale to charity Give Directly, which transfers cash to people in need.

But how can you, like, own a tweet, man?

Dorsey is famously pro-Bitcoin, so the sale of his tokenized tweet for Ethereum raised eyebrows among insiders at the time.

NFTs can be used to denote the ownership of a digital asset.
Cent’s Valuables platform mints NFTs tied to replicas of specific tweets.
Buying those NFTs is pitched as patronage that benefits the poster.

Dorsey would later share plans to convert crypto from the NFT sale into Bitcoin before donating it to Give Directly.