“y bidding on Jack Dorsey’s first tweet of history and Elon Musk’s NFT, I wanted to emphasize the importance of NFTs on future of crypto and tech sphere,” Estavi recently told CNBC Make It. THE BUYER: CRYPTO ENTREPENUER SINA ESTAVIĮstavi also bid $1.1 million to own the NFT of a recent tweet by Elon Musk, CEO of SpaceX and Tesla, which was also listed on “Valuables.” In the case of Dorsey’s tweet, 95 per cent of of the proceeds from the sale price go to the tweet’s original creator while 5 per cent of it goes to the platform. You can include a description and suggested price when uploading to websites such as OpenSea, Mintable, Nifty Gateway and Rarible. ‘Explosion of mis-selling’ prompts UK financial watchdog to open 52 investigations into cryptocurrency firmsĮssentially, anything can be sold in this form, though like any other market place, it is only worth what people are willing to pay for it. This is a similar logic to how rare Pokemon cards work, for example.Read More
NFTs are unique and not mutually interchangeable, unlike most cryptocurrencies, which means no two NFTs are the same. The 15-year old post was sold as a non-fungible token, or NFT - a digital certificate of authenticity that confirms an item is real and one of a kind by recording the details on a blockchain digital ledger.ĭorsey tweeted earlier this month that the proceeds would be converted to Bitcoin, a digital currency not tied to a bank or government, and given to the nonprofit Give Directly’s Africa Response. The tweet from March 2006, which says “just setting up my twttr,” was bought by Bridge Oracle CEO Sina Estavi, according to Valuables by Cent, the digital platform where the digital auction for the tweet was held. SAN FRANCISCO (AP) - Twitter CEO Jack Dorsey has sold a digital version of his first tweet for more than $2.9 million more than two weeks after he announced a digital auction for the post. The Associated Press receives support from the Lilly Endowment for coverage of philanthropy and nonprofits. A digital artwork by the artist Beeple sold for $69.4 million in an online auction by a British auction house earlier this month, with an NFT as a guarantee of its authenticity. NFTs have recently swept the online collecting world. “Incredible – huge thanks and – looking forward to getting this $ into recipients’ hands soon,” GiveDirectly tweeted following Dorsey’s announcement. Dorsey tweeted the Bitcoin receipt Monday afternoon, and said the funds were sent to the charity.
The charity has been raising money to support African families who were financially impacted by the coronavirus pandemic.Īccording to Valuables, 95% of of the proceeds from the sale price go to the tweet’s original creator while 5% of it goes to the platform.
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