Twitter CEO Jack Dorsey to donate proceeds of minted 'first tweet' sale to charity

NFTs • March 9, 2021, 2:10PM EST
UPDATED: March 10, 2021, 4:14PM EST
The Block

Twitter CEO Jack Dorsey will give all the proceeds from his minted tweet auction to charity, he announced on Tuesday. 

His announcement follows the revelation that the first-ever published tweet was turned into a non-fungible token (NFT) and put up for sale on a service hosted by crypto startup Cent. Cent is a service built on the Ethereum blockchain that allows users to mint, sell and bid on non-fungible tokens (NFTs) of tweets.

The highest bid for the NFT is currently at $2.5 million, placed by @sinaEstavi.

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The auction will end on March 21, after which Dorsey said he will immediately convert the proceeds to Bitcoin. He said he plans to donate the proceeds to GiveDirectly, a non-profit organization that sends cash directly to families living in extreme poverty.

 

About Author

Saniya More (pronounced: Saan-ya Mo-ray) is a quadrilingual journalist at The Block. She got her master’s degree from the Columbia University Graduate School of Journalism and did her undergraduate degree at the S.I. Newhouse School of Public Communications, Syracuse University. Her work has appeared in CBS News, Bangkok Post, Thai Enquirer, Globalists, Byline Times and other publications. When she’s not chasing a story, you will most likely find her biking, tweeting, taking photos or creating Spotify playlists for every occasion.