Tweet Finally Sold: Jack Dorsey sells his first tweet ever for over $2.9 million

Jack Dorsey, CEO of Twitter and Square, sold his first tweet as a Nonfungible token, for over $2.9 million on Monday when the bidding ended on Cent, a blockchain-powered social media network.

The tweet, which says, “just setting up my Twittr,” was first posted by Dorsey on March 21, 2006.

NFTs are digital assets, including jpegs and video clips, that can be bought and sold, just like physical assets. And since they run on blockchain ownership and validity of each can be tracked.

Though there was a bidding war over the NFT of Dorsey’s tweet between Justin Sun (a tech entrepreneur) and Sina Estavi (CEO of Bridge Oracle), ultimately, Estavi’s bid of over 2.9 million won the war.

Estiva also bid $1.1 million to own the NFT of a recent tweet by Elon Musk, CEO of SpaceX and Tesla, which was also listed on “Valuables.”

According to “Valuables,” the tweet itself will “continue to live on Twitter,” but the winning bidder would own the NFT, “signed and verified by the creator,” like a virtual autograph.

In March, Dorsey said that all proceeds from his NFT sale would be converted to bitcoin and donated to GiveDirectly, an organization helping those living in poverty in Africa.

Dorsey has long been a supporter of the crypto space — in February, his financial services company Square bought an additional $170 million worth of bitcoin, and consistently, Dorsey has been an advocate for bitcoin.