People

NFT Listed for $48 Million Ends With Top Bid of $280

nft-listed-for-48-million-ends-with-top-bid-of-280

A non-fungible token (NFT) of Twitter founder Jack Dorsey’s first-ever tweet could sell for a measly $280. The current owner of the NFT, Sina Estavi, listed it for a whopping $48 million recently.

In March 2021, the Iranian-born crypto entrepreneur purchased the NFT for $2.9 million. In April 2022, he announced on Twitter he was planning on selling the NFT, pledging that 50% of the proceeds would go to charity, thinking it would fetch a cool $25 million.

As the auction for the NFT closed, the piece only received seven offers, ranging from 0.09 ETH (around $280 at current prices) to 0.0019 ETH (around $6).

“The deadline I set was over, but if I get a good offer, I might accept it, I might never sell it,” Estavi said.

This isn’t the first time Estavi has garnered headlines. He’s known for the crypto ventures Bridge Oracle and CryptoLand, which both collapsed after he was arrested in Iran in 2021. Estavi is currently relaunching his Bridge Oracle tokens (BRG), which were originally a part of the Tron blockchain, to the Binance Smart Chain.

As this relaunch happens, BRG investors are waiting for Estavi to exchange their old coins for new ones. Estavi announced the token swap the exact same day he put up Dorsey’s tweet NFT for sale. The swap is being run manually and the process will likely take up to two months to complete.

Source: https://www.coindesk.com/business/2022/04/13/jack-dorseys-first-tweet-nft-went-on-sale-for-48m-it-ended-with-a-top-bid-of-just-280/

Related Content