The first-ever tweet posted by Twitter CEO Jack Dorsey has been sold as a non-fungible token (NFT) for 1630 ETH worth $2.9 million at the time of purchase.
The tweet dated 21st March 2006 was released for auction by Jack Dorsey on 15th December 2020.
The tweet reads thus, “just setting up my twttr.”
just setting up my twttr
— jack (@jack) March 21, 2006
Sina Estavi Won the Auction after Three Months
As aforementioned, the tweet was placed on action on Valuables about three months ago. It was finally won a few hours ago by Sina Estavi, the CEO of Bridge Oracle.
The NFT was sold for the sum of 1630.58 ETH worth $2.9 million at current prices.
ICO Analytics tweeted, “Valuables just closed the auction for NFT of the first ever tweet. The tweet by Twitter CEO Jack Dorsey was sold to Sina Estavi for $2.9M.”
— ICO Analytics (@ICO_Analytics) March 22, 2021
Estavi managed to beat the CEO of Tron (TRX) Justin Sun who bid $2 million for the prestigious NFT about two weeks ago.
Let's #Bridge to freedom
— Estavi (@sinaEstavi) March 22, 2021
While the bidding was still on, the Twitter CEO revealed that the proceeds from the sale will go to charity.
Beeple Still Holds the NFT Sale’s Record While More Players Join the Market
The NFT emerging market has gained vast popularity since the beginning of the year. Many notable personalities and organizations are unexpectedly joining the craze of the nascent market.
So far, Beeple, the digital artist who is now an NFT legend, currently holds the record NFT sale at Christie for $69 million.
As recently reported by Herald Sheets, TIME, an American news magazine, has also announced that it is auctioning three first-ever NFTs inspired by its most iconic covers.
Many expect the NFT market to continue to get bigger as it gains much-needed attention across the world.
A lot of people still don’t understand the need for spending so much to acquire what could later become worthless. However, with the look of things, NFT will keep trending until buyers and sellers lose interest.