Twitter CEO's first tweet fetches Rs 18 crore in auction

The 15-year-old tweet was sent on March 6, 2006, and says, "just setting up my twttr".
Representational Image
Representational ImageImage: Unsplash

A bid for Twitter CEO Jack Dorsey's first tweet has fetched $2.4 million (a little over Rs 18 crore), which the billionaire plans to donate in Bitcoins to a charity.

The 15-year-old tweet was sent on March 6, 2006, and says, "just setting up my twttr". It was put up for auction as an NFT (non-fungible token) on a platform called Valuables and was reportedly won by Sina Estavi, CEO of tech company Bridge Oracle.

Dorsey had said in an earlier tweet: "Ending this March 21st. Will immediately convert proceeds to #Bitcoin. And send to @GiveDirectly Africa Response".

According to Valuables, "What you are purchasing is a digital certificate of the tweet, unique because it has been signed and verified by the creator".

NFT is a digital good on the Ethereum blockchain and it allows personalities to purchase and sell ownership of unusual digital objects and keep a record of who holds them using the blockchain.

Grimes, the artist, recently traded several NFT items for approximately $6 million. An NFT of LeBron James making a historic dunk for the Lakers garnered more than $200,000.

On March 11, an NFT of a work by digital artist Mike Winkelmann sold for $69 million at Christie's, making him "among the top three most valuable living artists".

Non-fungible mean you can't exchange it for another thing of equal value.

(With inputs from IANS)

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