Jack Dorsey’s first tweet, made into an NFT, to be resold for $48m

The non-fungible token representing a copy of the first tweet published on Twitter by the platform’s co-founder, Jack Dorsey, is being offered for almost $48 million on the NFT marketplace – OpenSea. Approximately 16 times what Sina Estavi paid for it last March. 

Sina Estavi, the CEO of Bridge Oracle, a Malaysian blockchain service, in the late hours of yesterday announced on Twitter that he had put the NFT version of the March 21, 2006 tweet saying “just setting up my twttr” that he paid $2.9 million for last year up for sale for 14,969 Ether.

Shortly after the tweet announcing the sale, Estavi promised to donate 50% of the NFT sale to a charity called GiveDirectly, which gives cash to people living in poverty, and which Dorsey had said he had supported after the first sale of the NFT.

Jack responded, “why not 99% of it?” He directed his response to Estavi, GiveDirectly and Tesla Inc. founder (and recent Twitter board member) Elon Musk. But the conversation hasn’t been furthered since then. 

“We’ll just add: last time the tweet sold, the proceeds reached 16,497 families in poverty. With every additional $1 million donated, we’re able to reach ~4,000 more people like Eunice,” stated the charity on Twitter.

When it was first sold, there was a bidding war between tech entrepreneur Justin Sun and Sina Estavi, ultimately, Estavi’s bid of over $2.9 million won, the site says. Estavi also bid $1.1 million to own the NFT of a tweet by Elon Musk, which was also listed on “Valuables.”

″[B]y bidding on Jack Dorsey’s first tweet of history and Elon Musk’s NFT, I wanted to emphasise the importance of NFTs on [the] future of crypto and tech sphere,” Estavi told CNBC Make It. In addition, “I wanted to encourage involving in charities in the crypto space.”

Dorsey stepped down as Twitter CEO last November to focus on his cryptocurrency ambitions. He has been a keen supporter of the cryptocurrency space for years, mainly focusing on Bitcoin and not shying away from displaying his contempt for altcoins.

Meanwhile, according to data from Benzinga Pro, Twitter shares closed 0.41% lower on Wednesday. On Monday, Twitter gained more than 27% after Elon Musk acquired a 9.2% stake in the firm.