Twitter s Jack Dorsey to convert proceeds from auction of first ever tweet to bitcoin
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Last Updated: Mar 09, 2021, 11:37 PM IST
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Jack Dorsey s 15-year old tweet could attract bidders to pay a high price for the digital memorabilia. The highest bid for the tweet stood at $2.5 million as of 17:05 GMT on Tuesday.
Payments company Square Inc, also led by Dorsey, invested $170 million more in bitcoin last month, adding to the mainstream acceptance of the digital currency that has been winning support from several big investors.
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Twitter Inc boss Jack Dorsey said on Tuesday he will convert proceeds from the digital auction of the first ever tweet on the platform to bitcoin for charity. just setting up my twttr - the first ever tweet went live for sale after Dorsey listed it as a unique digital signature on a website for selling tweets as non-fungible tokens (NFTs).
Twitter CEO Jack Dorsey auctions first ever tweet as NFT, bid reaches USD 2.5 million
NFTs are digital files that serve as digital signatures to certify who owns photos, videos and other online media. (Image: Reuters)
Updated: Mar 7, 2021, 05:25 PM IST
Bids for Twitter co-founder Jack Dorsey s first post on the microblogging site has reached USD 2.5 million. Dorsey had listed his first-ever tweet on the website Valuables by cent which is poised to sell it as a non-fungible token (NFT).
Non-fungible mean you can t exchange it for another thing of equal value. The NFT refers to a unit of currency on the Blockchain, the way cryptocurrency like Bitcoin is bought and sold.