Jack Dorsey just sold his fist tweet. Sort of.
If you're confused by that combination of words,video virus z police sex then congrats, you're literate. On Monday, the Twitter CEO confirmed that, after listing the platform's very first tweet on the non-fungible token (NFT) marketplace Valuables in December, an NFT associated with the 2006 tweet sold for over $2.9 million worth of cryptocurrency.
"just setting up my twttr," reads the tweet.
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The NFT, which is essentially an agreed upon and (at at least theoretically) verifiable ownership claim of, in this case, a tweet that the Valuables FAQ makes clear "stays on twitter," was purchased by Bridge Oracle CEO Sina Estavi.
Got that? Estavi didn't buy the tweet itself (if such a thing were even possible), he basically bought an ownership claim on a tweet.
"What you are purchasing is a 'digital certificate' of that tweet," the Valuables FAQ continues. "Like an autograph on a baseball card, the NFT is the creator's autograph on a digital file, making it unique and valuable."
On Monday, Dorsey wrote that he had converted the proceeds from the sale to bitcoin and then donated the bitcoin to GiveDirectly, a nonprofit organization which (as the name suggests) "[gives] cash directly to people living in poverty."
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Which, hey, that's great. GiveDirectly works with U.S. families affected by COVID and, via mobile money wallets, has had a legitimate positive impact on the lives of unbanked Kenyans. Kudos to Dorsey for squeezing some real good out of the definitely not-an-NFT bubble before it pops.
SEE ALSO: So you spent millions on an NFT. Here's what you actually bought.
In the meantime, many people have NFT bridges to sell you.
Read more about NFTs
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Topics X/Twitter Cryptocurrency