‘Jack Dorsey’s first tweet’ NFT isn’t worth much the price it was bought for. The first buyer, Sina Estavi, bought the NFT for $2.9M, now it is not even worth a million dollars.
The crypto entrepreneur Sina Estavi put up the NFT for auction at the rate of $48M, but the NFT community was least interested in the high price. The bid began at 0.0019 ETH, around $6 and the last bid ended on Wednesday with the price of 0.09 ETH around $277.
Currently, the highest bid on Opensea for ‘Jack Dorsey’s first tweet’ NFT is 2 ETH, which is around $6,000.
The price is low compared to the original price it was bought for. The NFT owner, Sina, is still not ready to sell the NFT for a lower price despite the expiry date. He is waiting for more bids that could be closest to $48M.
Netizens find it outrageous that a tweet could be worth that much money.
About Sina Estavi
Sina Estavi is an Iranian crypto entrepreneur who is the owner of Bridge Oracle and CryptoLand. He was arrested last year in Iran but later got detained. Following his arrest, both his companies went down, and now, he is on a mission to restore them.
Estavi plans on launching Bridge Oracle tokens (BRG) in the Binance blockchain from the Tron blockchain. He told Coindesk that since they are doing it manually, it might take months to fully transfer the tokens for investors to buy.