Twitter CEO Jack Dorsey will give all the proceeds from his minted tweet auction to charity, he announced on Tuesday.
His announcement follows the revelation that the first-ever published tweet was turned into a non-fungible token (NFT) and put up for sale on a service hosted by crypto startup Cent. Cent is a service built on the Ethereum blockchain that allows users to mint, sell and bid on non-fungible tokens (NFTs) of tweets.
The highest bid for the NFT is currently at $2.5 million, placed by @sinaEstavi.
Ending this March 21st
Will immediately convert proceeds to #Bitcoin
And send to @GiveDirectly Africa Response
— jack (@jack) March 9, 2021
The auction will end on March 21, after which Dorsey said he will immediately convert the proceeds to Bitcoin. He said he plans to donate the proceeds to GiveDirectly, a non-profit organization operating in East Africa which helps families living in extreme poverty.