Saturday, December 10

Jack Dorsey’s First Tweet’ NFT Went on Sale for $48M. It Ended With a Top Bid of Just $280

A non-fungible token (NFT) of Twitter founder Jack Dorsey’s first-ever tweet, which was placed on sale for $48 million a few days ago could end up being sold for just $275 worth of ETH

In March 2022, Sina Estavi, a crypto entrepreneur purchased the NFT for $2.9 million worth of ETH through the leading NFT marketplace OpenSea.

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Last week’s Thursday, Estavi took to Twitter to announce that he has decided to sell the rare NFT. According to the crypto investor, relatively 50% of its proceeds, which he thought would be $25 million, will be donated to charity.

Sina Estavi tweeted, “I decided to sell this NFT ( the world’s first-ever tweet ) and donate 50% of the proceeds ( $25 million or more ) to the charity.”

Relatively Low Bid So Far

The auction closed about two days ago on OpenSea, with just seven offers. And the highest bidder is offering just 0.09 ETH worth $275 at current prices, while the lowest bidder offers 0.0019 ETH worth about $6.

It’s worth noting that the investor has to take the bid, if not, it will expire in a few hours. In a discussion with CoinDeck on Wednesday, Estavi said, “The deadline I set was over, but if I get a good offer, I might accept it, I might never sell it.”

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It can be deduced that Estavis crypto ventures Bridge Oracle and CryptoLand collapsed after he was arrested in Iran last year, presently, he’s in the process of re-launching the Bridge Oracle tokens (BRG) on the BNB Chain, which were previously on the Tron blockchain.

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