September 26, 2022

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Jack Dorsey's first NFT tweet listed for $48M ends with a top bid of under $280

Jack Dorsey’s first NFT tweet listed for $48M ends with a top bid of under $280

a Non-replaceable code (NFT) from the previous Twitter Executive Director Jack Dorsey The first tweet that was auctioned last week failed to excite potential buyers after the seller expected to make millions and donate some charity.

The NFT auction, which was bought last year for $2.9 million by Iranian-born entrepreneur Sina Estafi, ended with a total of seven bids ranging from 0.09 Ethereum ($277) to 0.0019 Ethereum (nearly $6), according to CoinDesk.

Jack Dorsey, co-founder and former CEO of Twitter Inc. , during the Bitcoin 2021 conference in Miami on June 4, 2021. (Eva Marie Ozkategi/Bloomberg/Getty Images)

What is METAVERSE and why NFTS is the key to its massive explosion

An NFT is a digital certificate of authenticity that certifies that an item, such as a work of art or a collectible, is real and unique by recording details on a blockchain digital ledger.

Last week, Estavi announced on Twitter that he plans to sell NFT and give half of his profits to charity. NFT was later put up for auction for $48 million.

“I have decided to sell NFT (the world’s first ever tweet) and donate 50% of the proceeds ($25 million or more) to the charity GiveDirectly,” Estavi wrote.

“My deadline has passed, but if I receive a good offer, I may accept it. I may never sell it,” Stafi told CoinDesk on Wednesday.

Estavi now has two days to accept the bid or it will expire.

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Jack Dorsey

Jack Dorsey attends a cocktail party hosted by Chrome Hearts X Jordan Barrett at La Maison Du Caviar on June 22, 2019 in Paris. (Victor Boyko/Getty Images for Chrome Hearts)

NFT’s March 2006 tweet, which states “set up my twttr” was originally sold last year by Dorsey for more than $2.9 million, and the proceeds went to the non-profit organization GiveDirectly Africa Response.

The Associated Press contributed to this article.