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

advertisement

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.

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.

 

Trending Stories

Get Your Crypto
Daily Brief

Delivered daily, straight to your inbox.

REVOLUTIONARY ONE-CLICK-TO-FARM DEFI PLATFORM, DEFIATO, PAVES THE WAY IN CEDEFI

With more than $100 billion in market cap across all chains, it is likely that the DeFi market cap will grow to $200 billion by 2025. However, many users still face various technical barriers when using decentralised platforms to do on-chain farming, staking and trading, while off-chain solutions face liquidity issues, fiat restrictions and the lack of a central multichain to support crypto assets and institutional-grade custodians. 
Read Full Story
Sponsored Post

NYC mayor Eric Adams receives first paycheck in the form of BTC and ETH

Eric Adams, the mayor of New York City, made good on a previous pledge by receiving via automatic conversion his first paycheck in the form of cryptocurrency. According to a Thursday morning statement from the mayor’s office, Adams’ paycheck was converted into BTC and ETH.  “New York is the center of the world, and we […]
Read Full Story
Jan 20, 2022, 3:23PM UTC