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Jack Dorsey will donate proceeds from the sale of the first tweet to charity


Twitter creator Jack Dorsey announced his desire to convert the proceeds from the sale of his first tweet in the form of a non-fungible token (NFT) funds into Bitcoin and donate to charity.

Ending this March 21st

Will immediately convert proceeds to #Bitcoin

And send to @GiveDirectly Africa Response

– jack (@jack) March 9, 2021

The addressee will be a non-profit organization GiveDirectly . She helps families in extreme poverty in East Africa.

The Valuables Ethereum platform, which allows users to create, sell and buy NFTs based on tweets, will run through March 21st.

At the time of this writing, the maximum bid for a post with the text “Just setting up my Twitter” has reached $ 2.5 million. It was made by the CEO of Bridge Oracle, Hakan Estavi .

Earlier, Tron founder Justin Sun offered $ 2 million for this NFT .

Recall that at the end of February, the NFT token with Trump from Beeple was resold for $ 6.6 million . In December 2020, the artist bailed out $ 582,000 for Crossroad. 

From February 4 to March 4, the trading volume of non-fungible tokens on the 12 largest platforms amounted to a record $ 480 million .

The head of the venture capital firm North Island Ventures, Glenn Hutchins, noted that various use cases for digital assets using the example of NFT tokens increase their value as such.

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