Twitter Boss Jack Dorsey Sells His 1st-ever Post for R43 Million

Twitter Boss Jack Dorsey Sells His 1st-ever Post for R43 Million

- A tweet which read "Just setting up my twttr" was Jack Dorsey's official handle's first-ever post on March 21, 2006

- The message from the big Twitter boss has been shared more than 120,000 times and liked more than 160,000 times since it was first posted

- The post was purchased using ether cryptocurrency, the world's second-largest virtual currency by market capitalisation, for reasons as yet unknown

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Twitter co-founder and chief executive officer, Jack Dorsey, has sold his first-ever tweet for a record R43 million.

The tweet, which read, "Just setting up my Twitter," was first published on the American technology entrepreneur's page on 21 March, 15 years ago.

According to a report, the post was purchased using ether cryptocurrency, the world's second-largest virtual currency by market capitalisation. According to BBC News, it was bought by Bridge Oracle chief executive officer Sina Estavi on Monday, 22 March as a nonfungible token (NFT).

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In a short statement on his Twitter page, Estavi said people would realise the value of the tweet in future and compare it with the famous Mona Lisa painting done by Italian artist Leonardo da Vinci.

"This is not just a tweet! I think years later people will realise the true value of this tweet, like the Mona Lisa painting."

The tweet has been shared more than 120,000 times and liked more than 160,000 times since it was first posted.

Dorsey said he would convert the money generated from the sale to Bitcoin and donate the funds to charity through the Give Directly Africa Fund, which gives cash directly to families in extreme poverty in several African countries.

The Twitter boss and musician Jay-Z had earlier teamed up to establish a new Bitcoin fund for the adoption of Bitcoin in African countries and India.

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Dorsey revealed he and the American rapper and had invested huge figures into the project.

"JAY-Z/@S_C_ and I are giving 500 BTC to a new endowment named trust to fund #Bitcoin development, initially focused on teams in Africa and India. It will be set up as a blind irrevocable trust, taking zero direction from us. We need three board members to start," he said in a tweet.

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Source: Briefly.co.za

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