NFT Of World's First Tweet On Sale For $47M — But Jack Dorsey Has One Objection

An NFT of the world’s first-ever tweet is on sale for 14,969 Ethereum ETH/USD worth $47.7 million.

What Happened: On Wednesday, the NFT owner Sina Estavi listed the item for sale on OpenSea and declared he would donate 50% of the proceeds, or around $25 million, to the GiveDirectly charity.

The high-value NFT is a tweet from 2006 made by the former Twitter Inc TWTR CEO Jack Dorsey.

Estavi’s decision to sell the tweet and donate half the proceeds to charity invoked a response from Dorsey himself, who questioned why he wasn’t donating 99% of the sale amount instead.

“We'll just add: last time the tweet sold, the proceeds reached 16,497 families in poverty. With every additional $1M donated, we're able to reach ~4,000 more people like Eunice,” stated the charity on Twitter.

Price Action: According to data from Benzinga Pro, Twitter shares closed 0.41% lower on Wednesday. On Monday, Twitter gained more than 27% after Tesla Inc TSLA CEO Elon Musk acquired a 9.2% stake in the firm.

Photo: Courtesy of TED Conference on Flickr