Jack Dorsey, found by Twitter, sold his first tweet as an NFT for $2.9 million last year. Crypto entrepreneur Sina Estavi bought the NFT. Last Thursday, Estavi announced that he was selling the NFT and donating 50% of the proceeds to charity.
Saying this, he expected 50% of the revenue to be around $24 million since he was listing the NFT at $48 million. After not getting traction for a few days, he decided to put the NFT up for auction instead. He thought he might get a bid of at least $25 million.
However, the auction ended yesterday and only seven people had bid on the NFT. The highest bid was 0.09 ETH, which is around $277.
Not much hype left behind Jack Dorsey’s first tweet NFT
When this NFT was sold in March 2021, the feeling was that Estavi got a good deal. Fast forwarding over a year now, the NFT community seems to have fallen out of love with this particular NFT story.
Estavi recently said that “the deadline is up, but if I get a good offer, maybe I’ll take it.” He clearly over-hyped the “world’s first-ever tweet,” or active NFT users just don’t see it as valuable anymore at.
Sina Estavi is a serial entrepreneur who launched both Bridge Oracle and CryptoLand. Since launch, these two ventures have collapsed and Bridge Oracle’s investors are waiting for him to swap their old tokens for new ones. On the same day of the token swap news, Estavi announced that he would put Dorsey’s tweet NFT up for sale. Estavi was also recently imprisoned in Iran.