Jack Dorsey Sells His Tweet As An Nft For A Reported $2.9m

Jack Dorsey raised $2.9 million for charity selling a tweet, NFTs are saving wild pandas, and John Cleese has sarcastically cashed in on the tokenization craze.

Jack Dorsey, the CEO of Twitter sold a tokenized representation of his first-ever tweet for more than $2.9 million.

A two-week bidding war between Bridge Oracle CEO Sina Estavi and tech entrepreneur Justin Sun saw the price move from $500,000 to the final sale of more than $2.9 million, with Sina Estavi winning out with a bid of 1,630 Ether (ETH).

On March 10, Dorsey stated that would immediately convert the proceeds from the sale into Bitcoin (BTC), and donate it all to GiveDirectly, an organization helping those living in poverty in Africa. After the sale concluded the CEO tweeted the transaction.

The auction was held on NFT marketplace “Valuables” and closed on March 22. The NFT platform allows users to buy and sell tokenized Twitter posts and is operated by blockchain-based social media company Cent.

The platform has seen many big names enter the marketplace to sell tweets, such as the NBA, entrepreneur Gary Vaynerchuck, the NFL’s Green Bay Packers, and Tesla CEO Elon Musk.

Popular British comedian and actor, John Cleese, appears to have joined the NFT gold rush in jest.

On March 20, Cleese published a video to Twitter announcing he would auction his first tokenized collectible on NFT marketplace OpenSea.

Identifying himself as “a young, unknown, digital artist,” Cleese described the emergence of NFTs as a “cultural moment” offering “a bridge from the past to the future.”

Invoking the true-life story of the American con man who fraudulently sold the Brooklyn Bridge to multiple investors (who were later moved on by police after attempting to erect toll booths on the bridge).