- The tweet which read "just setting up my Twitter" was first published on Jack Dorsey's official handle on March 21, 2006
- The tweet has been shared more than 120,000 times and liked more than 160,000 times since it was first posted
- The buyer, Bridge Oracle chief executive officer, Sina Estavi, compared it with the famous Mona Lisa painting
Twitter co-founder and chief executive officer, Jack Dorsey, has sold his first-ever tweet for a record $2.9m (N1,104,175,000).
The tweet which read "just setting up my Twitter" was first published on the American technology entrepreneur's page on Tuesday, March 21, 2006.
According to a report by BBC News, the post was purchased using ether cryptocurrency, the world's second-largest virtual currency by market capitalisation.
It was bought by Bridge Oracle chief executive officer, Sina Estavi, on Monday, March 22, as a Non-Fungible Token (NFT).
In a short statement on his Twitter page, Estavi said people would realise the value of the tweet in future and compared it with the famous Mona Lisa painting done by Italian artist Leonardo da Vinci.
"This is not just a tweet! I think years later people will realize the true value of this tweet, like the Mona Lisa painting,"
The tweet has been shared more than 120,000 times and liked more than 160,000 times since it was first posted.
Dorsey said he would convert the money generated from the sale to Bitcoin and donate the funds to charity through the Give Directly Africa Fund which gives cash directly to families in extreme poverty in several African countries including Kenya.
Dorsey revealed he and the American rapper had invested KSh 2.5 billion (N8,669,171,197.50) in the project.
"JAY-Z/@S_C_ and I are giving 500 BTC to a new endowment named trust to fund #Bitcoin development, initially focused on teams in Africa and India. It will be set up as a blind irrevocable trust, taking zero direction from us. We need three board members to start,"
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Meanwhile, Legit.ng earlier reported that US singer Beyonce and her family were spotted having fun with Twitter CEO Jack Dorsey.
Days before the development, it was reported that the superstar, her daughter Blue Ivy Carter and her mom Tina Knowles with other unnamed members of the family enjoyed a boat ride at the Hamptons.
In the recent photos shared by an Instagram page dedicated to the rapper and his family, Jay-Z and Beyoncé were spotted cruising the waterways of the Hamptons with the Twitter CEO.
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Joseph Omotayo writes for the human interest desk at Legit.ng. He graduated from Obafemi Awolowo University with a degree in Literature in English. He loves basketball and books. He tweets @omotayome.