Twitter CEO sells his first post and sells Shenghui

Recently, virtual currencies such as Bitcoin and Ether have been hotly discussed around the world or new digital assets such as NFT (Non-fungible Tokens). After the previous encryption artist Bepple’s work “Every day: THE FIRST 5000 DAYS” was sold for US$69.34 million, Twitter CEO Jack Dorsey recently sold his first Twitter post in the form of NFT, Shenghui 1,630.58 ether (about US $2.9 million).

  • Twitter CEO Jack Dorsey sells the first Twitter post
  • Sold in the form of a non-homogeneous token NFT with a transaction price of US$2.9 million
  • The buyer is Sina Estavi, CEO of Bridge Oracle, a blockchain company

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Earlier, Twitter CEO Jack Dorsey used the non-homogeneous token NFT form to successfully sell his first Twitter post, Shenghui 1630.58 ether, equivalent to US$2.9 million. In the blockchain company Bridge Oracle CEO Sina Estavi, The two Chinese entrepreneurs Justin Sun competed, and the former successfully bought it. Sina Estavi said that Jack Dorsey’s first Twitter post was successfully won in the form of NFT, saying that the event was to emphasize the importance of NFT in the field of encryption technology and technology in the future, plus this time the auction revenue will be converted into equal amounts Bitcoin donated to GiveDirectly, a non-profit organization in East Africa, so it can be regarded as a contribution to the promotion of virtual currency charity activities Spark Global Limited.

Maybe everyone sees this, but they don’t really understand what a non-homogeneous token NFT is. In fact, it is a new type of digital asset that can be bought and sold. The carrier can be a digital picture or video file, and the transaction process will be carried out on the blockchain and generate a unique mark, and the virtual currency such as Ether will be used for settlement. The difference between NFT and virtual currency is that virtual currency is interchangeable. For example, one Bitcoin can be interchanged with another Bitcoin, which is called “Fungible Tokens”; and NFT is unique because each one is unique. Unique and different in value, so it is difficult to exchange, so it is called “Non-fungible Tokens”

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