Jack Dorsey Plans To Donate All Proceeds From The Sale Of His Tweet

Jack Dorsey plans to donate all proceeds from the sale of his tweet and the funds will be donated to GiveDirectly’s Africa Response campaign as we are reading more in our latest cryptocurrency news.

The CEO of Twitter Jack Dorsey plans to donate his proceeds of the sale of the genesis tweet in BTC and the money will be donated to GiveDirectly’s Africa Response Campaign, after the CEO of the biggest social media platform announced that he will be setting up his tweet in a form of a non-fungible token and sell it. At that time, Justin Sun who is the founder of Tron, bid $2 million for the tweet.

Ending this March 21st

Will immediately convert proceeds to #Bitcoin

And send to @GiveDirectly Africa Response

— jack (@jack) March 9, 2021

However right now, the bid sits at $2.5 million or about 1630 ETH with the current rates and the bidder is Sina Estavi who is the chief executive officer of the Bridge Oracle, the first public oracle system on the TRON network. Dorsey announced today that the auction ends on March 21^st and that right after that, he will convert the proceeds to BTC and will send it to the Africa Response Campaign of GiveRirectly which is a non-profit organization that specializes in distributing direct cash transfers to anyone that has low or no income.

The Africa Response intuitive targets families that live in extreme poverty in Rwanda, Liberia, Kenya and Malawi and raised almost $120 million with the goal to raise $125 million.

As reported recently, Twitter CEO Jack Dorsey who is the owner of social media platform, auctions of his first tweet as a non-fungible token. Dorsey put the tweet from March 21, 2006, reading “just setting up my twttr” on sale via the Valuables platform. The top bid was $88,888.88 in ETH while later Justin Sun bid $1,000,000 for it. The auction lasts until Dorsey accepts the bid.  Dorsey auctioned the tweet on NFT auction house Valuables and nine hours later, Sun replied that he bid half a million dollars or it. Sun seemingly wants to have the tweet and the listing now says that the highest offer is the one Sun made. When Tron’s founder wants something, he’s been known to wait long and get it.

Also, Twitter purges once again and what’s funny enough is that it is run by Jack Dorsey, one of the biggest supporters and influential proponents of Bitcoin but it seems now that some major crypto accounts were suspended for no apparent reason. Twitter suspended numerous accounts related to cryptocurrencies and some of the most popular ones include those of Plan B who is the creator of the Stock to Flow model.