Jack Dorsey, found of Twitter sold his first Tweet as an NFT last year for $2.9M. Crypto Entrepreneur Sina Estavi bought the NFT. Last Thursday, Sina announced he’d be looking to sell the NFT and donate 50% of the proceeds to charity.
When he said this he was expecting 50% of the proceeds to be around $25M , as he listed the NFT for $48M. After getting no traction for a few days he decided to put the NFT up for auction instead. He thought maybe he’d receive a bid of at least $25M.
However, the auction closed yesterday and a mere amount of seven people had bid on the NFT. The highest bid was 0.09 ETH which equates to about $277.
Not Much Hype Behind Jack Dorsey’s First Tweet NFT Anymore
Back in March of 2021 when this NFT was sold, sentiment was that Sina got a good deal. Now fast forward over a year later and the NFT community seems to have fallen out of love with this specific NFT story.
Estavi has recently said that “the deadline is over, but if I get a good offer I might accept it.” He clearly overvalued the ‘worlds first ever Tweet’ or active NFT users just don’t see it anymore.
Sina Estavi is a serial entrepreneur who launched both Bridge Oracle and CryptoLand. Since launch both these ventures have collapsed and Bridge Oracle investors are waiting for him to exchange their old tokens for new ones. On the same day of the token swap news, Estavi announced he’d be putting up Dorsey’s Tweet NFT for sale. Estavi has also recently gone to jail in Iran.
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Jack Dorsey, found of Twitter sold his first Tweet as an NFT last year for $2.9M. Crypto Entrepreneur Sina Estavi bought the NFT. Last Thursday, Sina announced he’d be looking to sell the NFT and donate 50% of the proceeds to charity.When he said this he was expecting 50% of the proceeds to be around $25M , as he listed the NFT for $48M. After getting no traction for a few days he decided to put the NFT up for auction instead. He thought maybe he’d receive a bid of at least $25M.Sina Estavi is the owner of Jack Dorsey’s first ever Tweet NFT. credit: @sinaEstavi’s TwitterHowever, the auction closed yesterday and a mere amount of seven people had bid on the NFT. The highest bid was 0.09 ETH which equates to about $277.Not Much Hype Behind Jack Dorsey’s First Tweet NFT AnymoreBack in March of 2021 when this NFT was sold, sentiment was that Sina got a good deal. Now fast forward over a year later and the NFT community seems to have fallen out of love with this specific NFT story.Estavi has recently said that “the deadline is over, but if I get a good offer I might accept it.” He clearly overvalued the ‘worlds first ever Tweet’ or active NFT users just don’t see it anymore.Sina Estavi is a serial entrepreneur who launched both Bridge Oracle and CryptoLand. Since launch both these ventures have collapsed and Bridge Oracle investors are waiting for him to exchange their old tokens for new ones. On the same day of the token swap news, Estavi announced he’d be putting up Dorsey’s Tweet NFT for sale. Estavi has also recently gone to jail in Iran.Are you tired of missing important NFT drops?Just check out our NFT Calendar!Receive the biggest NFT news of the day & recommendations in our Daily newsletter. All of our news is being sent daily on TelegramWe summarize the biggest news daily on Twitter & Instagram Learn with video tutorials and subscribe to our Youtube Channel All investment/financial opinions expressed by NFTevening.com are not recommendations.This article is educational material.As always, make your own research prior to making any kind of investment.