Skip to main content

Tokenized Jack Dorsey Tweet Sells for $2.9M, Funds From NFT Auction Will Be Sent to Charity

Tokenized Jack Dorsey Tweet Sells for $2.9M, Funds From NFT Auction Will Be Sent to Charity

On Monday, Jack Dorsey the founder of Twitter and Square witnessed a digital certificate or non-fungible token (NFT) of his first tweet being sold for $2.9 million. The new owner of the NFT Jack Dorsey tweet is the CEO of Bridge Oracle, Sina Estavi, who outbid the founder of Tron Justin Sun for the tokenized tweet.

  • The non-fungible token (NFT) asset hype has grown immensely and on Monday, March 22, 2021, Jack Dorsey’s tokenized tweet from March 21, 2006, was sold for $2.9 million in ether. Bitcoin.com reported on the tokenized 2006 Dorsey tweet during the first week of March when bids were up to $1.5 million for the tweet.
  • Jack Dorsey’s first tweet was tokenized by an application called Valuables, which is operated by a company named Cent. The Web3 compatible website v.cent.co leverages the Matic blockchain for the tokenization process.

  • The final bid from the Bridge Oracle CEO Sina Estavi was for $2,915,835 or a touch over 1,630 ETH. The project Bridge Oracle is an oracle system built on the Tron network.
  • Tron founder Justin Sun has also been trying to bid on the tweet and his last bid for Jack Dorsey’s first tweet was for $2 million or 1,304 ether.
  • Twitter founder Jack Dorsey plans to donate the $2.9 million in ETH to a charity called Givedirectly, after transferring the ether into bitcoin (BTC).
  • “Ending this March 21st [we] will immediately convert proceeds to bitcoin. And send to Givedirectly Africa Response,” Dorsey said on March 9, 2021.
  • The tokenized tweet sale also follows the recently heightened criticism aimed at permanence vulnerability issues when it comes to long-term non-fungible token (NFT) asset storage. The debate has grown thick, as tokenized tweets similar to Jack Dorsey’s recent tokenized tweet, have been deleted and NFT images have been replaced.
  • The NFT hype continues to swell as Monty Python’s John Cleese is selling an iPad drawing of the Brooklyn Bridge on Opensea, and Swedish musician and artist Jonas Quant announced launching an NFT called Dreamfng.

What do you think about Jack Dorsey’s tokenized tweet selling for $2.9 million? Let us know what you think about this subject in the comments section below.



from Bitcoin News https://ift.tt/3c8g4fs
Labels:

Comments

Post a Comment

Popular posts from this blog

Mt Gox Creditors Updated, Trustee Says Rehabilitation Custodian Is ‘Currently Preparing to Make Repayments’

On August 31, 2022, the Mt Gox trustee Nobuaki Kobayashi explained in a recent letter that the rehabilitation custodian is “currently preparing to make repayments” to Mt Gox creditors. Trustee Updates Mt Gox Creditors — Repayment Date and Exchange Still Unknown Last week speculation and rumors concerning the release of 140K bitcoin ( BTC ) from Mt Gox littered social media platforms and headlines. Bitcoin.com News covered the situation six days ago as a number of people and Mt Gox creditors called the rumors “ fake news .” During that same period of time, a bitcoin whale transferred 10,000 BTC to unknown wallets, and a 2018 annotation , heuristics, and clustering methods show the funds likely originated from the June 2011 Mt Gox hacks. Following the mysterious whale transfer, last Wednesday, Mt Gox published an official update from the court trustee Nobuaki Kobayashi that explains the court is “currently preparing to make repayments” to creditors. Mt Gox creditors have been wait...
Post a Comment
Read more

Fidelity Discusses Bitcoin as Portfolio Insurance — Could Soon Stand in ‘Stark Contrast’ to Path Fiat Currencies Take

Fidelity Digital Assets, a subsidiary of Fidelity Investments, says that bitcoin could be considered portfolio insurance. The firm notes that the cryptocurrency “may soon stand in stark contrast to the path that the rest of the world and fiat currencies may take — namely the path of increased supply, additional currency creation, and central bank balance sheet expansion.” Fidelity Says Bitcoin Could Be Portfolio Insurance Fidelity Digital Assets, a subsidiary of Fidelity Investments, recently published a research study titled “The Rising Dollar and Bitcoin.” The research outlines “how bitcoin could be considered portfolio insurance” as the rising dollar impacts global currency markets. “The strengthening U.S. dollar is wreaking havoc among other countries and may put pressure on the Federal Reserve to soon reverse its tightening monetary actions, something that has precedent based on 1985’s Plaza Accord,” Fidelity explained. In addition, “more monetary debasement may be needed to ...
Post a Comment
Read more

Economists Discuss Russia, China Potentially Developing Gold-Backed Currency That Could Undermine US Dollar

Economists have weighed in on reports that China and Russia may be developing a new gold-backed currency that could undermine the U.S. dollar’s status as the world’s primary reserve currency. Russia and China May Be Developing Gold-Backed Currency Several experts have shared their views on Russia and China potentially creating a new gold-baked currency, Fox Business reported Saturday, emphasizing that China has been buying up huge quantities of gold while Russia was forced off the U.S. dollar due to sanctions imposed on the country following its invasion of Ukraine. The news outlet noted that some experts have cautioned that these moves, along with the closer relationship that has developed between Moscow and Beijing, point to the likelihood of China attempting to launch a gold-backed currency. However, neither Russia nor China has officially confirmed plans for such a currency. Craig Singleton, senior fellow at the Foundation for Defense of Democracies and a former U.S. diplomat,...
Post a Comment
Read more