Twitter boss Jack Dorsey to donate Bitcoin from first NFT to Give Directly charity

After being available online for free for 15 years, the billionaire has decided what to do with money from its “sale”.

Billionaire Twitter CEO Jack Dorsey has announced when he’ll “sell” a “non-fungible token” of the first post he made on the platform he’d eventually lead, and what he’ll do with the money.

Bidding on the right to own the one-off “token” of Mr Dorsey’s first post has been stalled at $US2.5 million ($A3.2 million) for several days.

just setting up my twttr

— jack (@jack) March 21, 2006

Jack Dorsey will wait until March 21 to cash out the tweet, the day before its 15 year anniversary. Jim Watson/AFP

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While it’s unclear if it will go any higher, Mr Dorsey is giving it another few days before he accepts the offer.

He said in a post on Wednesday morning that he’ll cash out the auction on March 21, immediately convert the proceeds into Bitcoin and donate it through a charity called Give Directly, which sends money to people living in poverty in countries like Rwanda, Liberia, Malawi, and the United States.

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Ending this March 21st

Will immediately convert proceeds to #Bitcoin

And send to @GiveDirectly Africa Response

— jack (@jack) March 9, 2021

Pretty nifty and extremely generous, @jack! https://t.co/odCVnD47bo

— GiveDirectly (@GiveDirectly) March 9, 2021

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The tweet, or rather, a signed digital token of it, is being sold on a website called “Valuables”, whose “FAQ” is a Google Docs page, where it explains why exactly you would pay money for a tweet, which will still remain on Twitter until Mr Dorsey or the platform he’s CEO of deletes it.

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Mr Dorsey said he’ll convert the money into Bitcoin and donate it.

“What you are purchasing is a digital certificate of the tweet, unique because it has been signed and verified by the creator,” Valuables explains in the Google Docs form.

The company behind valuables describes the tweets as having value “like an autograph on a baseball card”.

BridgeOracle and Cryptoland CEO Sina Estavi has offered $US2.5 million ($A3.2 million) for the NFT of Jack Dorsey’s first tweet, a bid that has yet to be eclipsed.