First tweet by Jack Dorsey fetches $2.4 million

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<strong>The auction for the very first tweet by Twitter CEO Jack Dorsey has fetched $2.4 million (a little over Rs 18 crore), which the billionaire would donate in Bitcoins to a charity.</strong></p>
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The bid for 15-year-old tweet on March 6, 2006 (saying just setting up my twttr') put up for auction as an NFT (non-fungible token) on a platform called Valuables has reportedly been won by Sina Estavi, CEO of tech company Bridge Oracle.<br />
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Dorsey had said in an earlier tweet: "Ending this March 21st. Will immediately convert proceeds to #Bitcoin. And send to @GiveDirectly Africa Response".<br />
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NFT is a digital good on the Ethereum blockchain.<br />
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According to Valuables, "What you are purchasing is a digital certificate of the tweet, unique because it has been signed and verified by the creator".<br />
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NFTs allow people to buy and sell ownership of unique digital items and keep track of who owns them using the blockchain.<br />
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The artist Grimes recently sold several NFT items for nearly $6 million. An NFT of LeBron James making a historic dunk for the Lakers garnered more than $200,000.<br />
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On March 11, an NFT of a work by digital artist Mike Winkelmann sold for $69 million at Christie's, making him "among the top three most valuable living artists".<br />
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Non-fungible mean you can't exchange it for another thing of equal value.</p>
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<em>(IANS)</em></p>