Jack Dorsey’s first tweet NFT resold for only $ 280
The irreplaceable tokens for Tweets were originally sold for about $ 2.9 million.
By Shashank Bhardwaj
Twitter CEO Jack Dorsey’s first tweet NFT (Non-Fungible Token) sold to Sina Estavi last year for $ 2.9 million, but hasn’t caught the same attention in recent resales. The bid opening suggested that demand for NFT tweets was high, but the highest bid was $ 280, far from the original price.
Iran-born crypto entrepreneur Sina Estavi purchased an NFT for $ 2.9 million in March 2021. On Thursday, April 7, he visited Twitter and announced his intention to sell NFTs and donate his proceeds to charities. “I decided to sell this NFT (the world’s first tweet) and donate 50% of my revenue (more than $ 25 million) to the charity @GiveDirectly,” he said.
However, the auction ended on Wednesday, April 13, with seven bids, ranging from 0.0019 Ether to 0.09 Ether, equivalent to approximately $ 6 to $ 280. In response to NFT’s poor performance, Estavi told CoinDesk, “The deadline we set has expired, but if we have a good offer, we may accept it or never sell it.” rice field.
Sina Estavi is the founder and CEO of Bridge Oracle (BRG) and a former owner of Cryptoland, one of Iran’s leading cryptocurrency exchange platforms. Iranian police are said to have arrested him for financial corruption last year. After imprisonment, both businesses failed, but Estavi is now out of prison and is about to reintroduce BRG tokens into the Binance smart chain. The BRG token was originally on the Tron blockchain.
BRG investors are keen to exchange old coins for new ones. Estavi, who announced the exchange of tokens on the same day, put up Dorsey’s Tweet NFT for sale, but said the procedure was manual and could take up to two months.
A few days after the resale failed, interest in NFT tweets grew and bids exceeded $ 25,000, but still far from the original asking price.
The writer is the founder of yMedia. He challenged cryptocurrencies in 2013 and is ETH’s biggestist. twitter: @bhardwajshash