Yesterday, Live Bitcoin News reported that Jack Dorsey – the CEO of both Twitter and Square – was looking to sell a bit of his social media company’s history by auctioning off the first tweet ever issued. The tweet simply read “just setting up my twttr” and was the first message ever sent by Dorsey or by any Twitter user.
Dorsey Will Donate His Money to Charity
Now, new details have emerged regarding what Dorsey is planning to do with the money he earns from the sale. Dorsey claims he’s going to be looking into donating all the money he makes from the sale to a firm called Give Directly, which looks to manage cases of extreme poverty on the continent of Africa.
Dorsey has long been a cryptocurrency advocate, going so far in the past to claim that he saw bitcoin becoming the world’s only currency and that the days of both credit cards and fiat were limited.
In addition, he has often sought cases that seek to expand bitcoin’s presence in the most needful areas. For example, in 2019 he announced that he was planning to live in Africa for three to six months to help establish a stronger bitcoin presence on the continent, though it’s likely the spread of the coronavirus put a damper in these plans.
Still, he’s not quite done yet. He recently announced that he would be working with rapper and music producer Jay-Z to help establish a bitcoin fund in areas such as Africa and India. Dorsey, himself, would not be tasked with running the fund, nor would the rapper, and both would simply be contributing the money necessary for the establishment of the fund. He said they were both now searching for potentially chairmen.
The NFT Appears to Be Garnering Heavy Interest
The sale of the first tweet is an interesting notion in that it is being sold as a non-fungible token or NFT. These items do not carry any real-time value and cannot necessarily be exchanged for anything specific. Still, the sale is attracting some of the biggest investors in the crypto space including Justin Sun, the CEO of TRON. At press time, he’s offering as much as $2.5 million for the tweet – a message that’s approximately 15 years old.
Aside from his work with Twitter, Dorsey is also known for producing a top payment firm known as Square, which has done quite a bit to push a bitcoin agenda on users. Square was one of the first institutional firms to pledge support for BTC, and thus far, the company has purchased more than $200 million worth of the asset, though this is small beans when compared with the nearly $5 billion and $1.5 billion buys of both software firm MicroStrategy and electric car company Tesla.