The tweet which said “just setting up my twttr”, was first published on 21 March 2006. Dorsey will donate the proceeds to Give Directly’s Africa Response fund. Malaysia-based buyer, Sina Estavi, compared the purchase to buying the Mona Lisa painting! The tweet will remain publicly available on Twitter ever after the sale. The tweet was bought using the ether cryptocurrency, a rival to bitcoin, and was sold as a non-fungible token (NFT) to Estavi, the chief executive of technology from Bridge Oracle. An NFT is a unique digital certificate that states who owns a photo, video or other form of online media. Each NFT is unique, because it has been signed and verified by the creator, and acts as a collector’s item that can’t be duplicated, making them rare by design. NFT popularity is on the rise with expensive digital artwork also being sold this way.
Dorsey receives 95% of the proceeds of the primary sale, while Cent receives 5%.
Cent CEO Cameron Hejazi said that his platform allows people to show support for a tweet that goes beyond the current options to like, comment and retweet.
“These assets might go up in value, they might go down in value, but what will stay is the ledger and the history of ‘I purchased this from you at this moment in time’ and that’s going to be in both the buyer, the seller and the public spectators’ memory,” Hejazi said, adding that this was “inherently valuable.”
Picture Credit : Google
