Twitter CEO Explains Where Proceeds From Selling His First NFT Tweet Will Go
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Answer Twitter CEO Explains Where Proceeds From Selling His First NFT Tweet Will Go
Twitter CEO Jack Dorsey took advantage of the hype around his first tweet, which he offered for sale as a non-fungible token (NFT).
For those who missed the media momentum around Dorsey’s recent sale of his first tweet, we recall that Dorsey decided to convert his first tweet on Twitter, which dates back to March 2006, into a non-fungible token (NFT).
When this tweet was offered for sale, offers flowed at different prices, with the price recently settling at $2.5 million.
Dorsey revealed that he intends to transfer the proceeds from the sale of the NFT tweet to Bitcoin.
He will then donate it to charities, and more specifically to a project.”GiveDirectly’s Africa Response. Africa response“.
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The charity aims to provide financial relief to families in Kenya, Rwanda, Liberia and Malawi.
Please note that bidding for this tweet will end on March 21, 2021.
Non-fungible tokens NFT tokens have seen an unparalleled popularity in the recent period, as these non-fungible tokens can be used in many applications, and digital items can also be found to collect, such as unique digital art boards, online game accessories, sports cards, and collectibles. rare.
Each non-fungible token is unique.
Most of the non-fungible NFT tokens run on the Ethereum blockchain, and they represent the physical assets that have been tokenized.
Right now, the hype around the NFT has led to an explosion of digital art being sold via the blockchain.
Recently, a $95,000 piece of Banksy art was purchased by a blockchain company. The Banksy painting was digitized and then burned to create a digital representation of the painting using blockchain technology and put up for sale again in digital form.
Read:Cardano wallets (ADA) rise to record more than 3 million wallets…Details here
Burning NFT token artwork sells for $382K
Read also:
Twitter CEO puts his first tweet up for sale as “NFT”
Billionaire Mark Cuban invests a sum of money in a platform for non-fungible tokens (NFT)
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