The Twitter INC boss Jack Dorsey decides to convert the proceedings from his tweet auction. The digital auction of the first-ever tweet on the platform stating “just setting up my twttr” went live on sale last Friday. Last week, the billionaire listed the tweet as a unique digital signature on a website for selling tweets as non-fungible tokens (NFTs). He promoted the tokenized version of his very first tweet on Valuables, an Ethereum powered platform for issuing non-fungible tokens (NFTs). NFTs are digital files that serve as digital signatures that certify the user who owns the online media. Which includes photos, videos, etc. Jack Dorsey Converting Twitter Auction Into BTC Jack Dorsey has been a huge advocate of Bitcoin for years. It is no secret that the Twitter and Square CEO has an absolute love for cryptocurrency over the years. He says Bitcoin for him is like poetry. However, Dorsey has always kept himself clear of altcoins. Back in October 2020, he clarified that he didn’t own any Ethereum. In Dorsay’s tweet that reads that the auction will end on March 21, he also mentioned the donations of proceedings to GiveDirectly. It is a non-profit organization that specializes in providing direct cash transfers to low-income people. However, it is not clear why Dorsey is converting funds to BTC only. GiveDirectly FAQ says it accepts donations in multiple cryptocurrencies. Twitter CEO To Donate Proceeding To GiveDirectly GiveDirectly is currently accepting donations in cryptocurrency. The organization said “We’ve accepted crypto for a while, and think there’s some philosophical similarity (e.g., focus on efficiency of payments, especially through tech, individual empowerment, etc.) which has persuaded a number of folks to give directly,” GiveDirectly had received more than $20 million worth of donations in cryptocurrency till now. These 20 million are from multiple funds. $5 million from the Pineapple Fund in 2017, more than $5 million across two separate gifts from Ethereum founder Vitalik Buterin and $10 million from an anonymous donor.
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