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Jack Dorsey, Twitter founder, sells “tweet” for 2.4 million euros

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A Malaysian-based businessman will pay 2.4 million euros for the first “tweet” by the founder of the social network Twitter, Jack Dorsey, which will be donated to charity.

Authenticated as original through the use of NFT technology (unique digital assets), also used a few weeks ago in the sale of a digital work of art for 58.4 million euros, the “tweet” of 2006 was sold through an online auction line on the Valuables platform.

According to Dorsey, the amount will be given to GiveDirectly, an organization that supports poor families in Africa affected by covid-19.

Estavi, chief executive of technology at Bridge Oracle, proved the origin of the tweet. NFT is a digital certificate that testifies who owns a photo, video or other form of online media.

Non-fungible token (NFT) technology uses Blockchain technology in authentication and art collecting. The commercialization of works with NTFs has been spreading rapidly in the United States, where the band Kings of Leon is making available their latest album with these “tokens”.

Jack Dorsey

Recently, a Blockchain company bought a work by the famous British artist Banksy, destroyed it, and then offered a digital version with NFT for sale.

In early March, a work by the artist Beeple was sold at auction, as unique NFT digital assets, for a record value for non-physical works of 58.4 million euros.

According to a statement from auctioneer Christie’s, who organized the auction, the buyer is “Metakovan”, founder and financier of Metapurse, the “largest NFT fund in the world” and “for the first time in a sale of this kind, cryptocurrency was accepted”, in this “Ethereum (Ether)” case.

Beeple thus becomes one of the three most valuable living artists, along with Jeff Koons and David Hockney, according to the auctioneer.

Reacting to the outcome of the auction, Beeple – whose real name is Mike Winkelmann – celebrated the use of NFT: “I believe we are witnessing the beginning of the next chapter in art history, digital art,” said the artist.

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