Jack Dorsey's First-Ever Tweet Sells as NFT for $2.9 Million

On Monday, Jack Dorsey's first ever tweet ("just setting up my twttr") was sold as a non-fungible token for just a little less than $3 million.

Jack Dorsey

Image via Getty/Hindustan Times

Jack Dorsey

In a development that will be confusing to both generations future and current (WTF) Twitter CEO Jack Dorsey sold the first tweet he ever sent out into the world as an NFT. For the following message from March 2006, along with his signature, he got 2,915,835.47:

just setting up my twttr

— jack (@jack) March 21, 2006

The tweet was auctioned off from a platform called Valuables, which offers up tweets “autographed by their original creators.” It was purchased by Sina Estavi using the cryptocurrency Ether. Estavi’s Twitter profile says he’s in Malaysia, and that he’s the CEO for Bridge Oracle, a blockchain company. He also offered up a justification for his purchase (I mean, it’s his money) by stating his belief that people will eventually come around to appreciate the tweet’s significance: 

This is not just a tweet!

I think years later people will realize the true value of this tweet, like the Mona Lisa painting https://t.co/vnA5pz3esQ

— Sina Estavi (@sinaEstavi) March 22, 2021

As for how this went down, on March 6, Dorsey put out a link to the website showing you where you could bid on the NFT. On March 9 he stated his intent to donate the winning bid to charity, specifically to people in Africa impacted by COVID-19. And it was also decided that the bidding would end on March 21 (Sunday) as it marked the 15th anniversary of the social media platform.

On Monday afternoon Dorsey tweeted out the receipt for his GiveDirectly donation:

Sent to @GiveDirectly Africa fund 🌍Thank you, @sinaEstavi. pic.twitter.com/aEZu07auLV

— jack (@jack) March 22, 2021

As for the split, Dorsey got 95 percent of the proceeds, while the company that owns valuables (Cent) got five percent. 

According to Reuters, Cent CEO Cameron Hejazi said that the platform he heads up allows buyers to appreciate a tweet in a way that can’t be done through existing options (like, comment, RT, etc.)

“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,” he said. He also claimed that these things are “inherently valuable.”

Buy into that if you want. 

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