The first tweet made by Twitter founder Jack Dorsey was sold for about $2 million. The sale was not in cash, but in the form of a newly introduced digital currency.
Jack Dorsey's first tweet is sold for $2 million.
The boss of social media platform Twitter has sold the first tweet he made more than a decade ago via digital assets for around $3 million. The tweet was sold this year in the form of an NFT which is more like a type of electronic certificate. This issued token is a seal based on an algorithm that authenticates authenticity. This transaction shows how digital transformation is impacting our evolution. To see more about what digital transformation really is, visit tips-and-facts.com.
The non-fungible token has its crypto-currency based on a unique signature. This NFT has already taken over the online collection world, where it can be used to solve problems. The "just arranging my twttr-" tweet was made on 20 March 2006. The token was purchased through an online shop called "valuable", which is owned by a company. The managing director of the company, Cameron Hejazi, confirmed the purchase of the token.
Jack Dorsey's love of crypto-currencies is evident in his sale of them.
Last week Mr Jack Dorsey who is a bitcoin lover shared a link to the platform, he also said that on March 10 he would change the funds from the sale into digital currency. Twitter has made huge gains over the years by being one of the most followed networks in the world, especially with Facebook and Instagram.
However, many have said that the CEO's sale of this tweet is more of a promotional sale, not that the money is needed. The rise of bitcoin has prompted many investors to invest large sums of money in the business. Recently, Elon Musk, the second richest man in the world, started mining his own coin, Dogecoin, and many Jack Dorsey wonders will follow. The prices of these digital currencies have continued to rise daily.