Malaysian firm’s boss buys World’s First Tweet for US$3m with Crypto

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Twitter, the micro-blogging social network has always been one of the most powerful media used by people in all walks of life. The cryptocurrency market has been growing by leaps and bounds in the last few years and there is now a growing trend of making purchases using digital currencies most notably Bitcoin (BTC) and Ethereum (ETH).

A growing trend that could soon be a norm

The use of cryptocurrencies is steadily becoming something you hear about every day. With Tesla announcing that customers can buy electric vehicles with bitcoins and with almost every financial firm incorporating cryptos into their investment portfolio, it is no surprise that the value of cryptos continues to rise while more transactions are taking place these days.

The first tweet

A person named Sina Estavi has made the headlines when he bought the world’s first tweet and it does not come cheap. The world’s first tweet cost him around USD$3 million (which is more than RM12 million). Estavi is the boss of Bridge Oracle, a company registered in Malaysia. The transaction was done with Ethereum (ETH) and it cost him exactly 1630.5825601 ETH. Translated to US Dollars at the time of the transaction, it was at US$2,915,835.47.

How the Tweet was sold?

The world’s first tweet was listed as an NFT or Non-Fungible Token for sale recently. It was first published in 2006 (when Twitter was founded and launched). An NFT is a unique digital asset that carries value. It is verified to be authentic and owned by someone and can come in any form of digital media like a picture, a video or in this case, a tweet.

Who is this Estavi?

After the purchase, Estavi announced on Twitter about it, likening the world’s first tweet to the Mona Lisa painting by Leonarda da Vinci. He said that people will realize how valuable this tweet in the years to come. One of the early investors in the crypto market, Estavi heads Bridge Oracle which operates a public system connecting blockchain to external data sources. Besides that, Estavi is quite a low-profile figure of the company registered in Kuala Lumpur.

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