Twitter Founder Jack Dorsey’s First Tweet That Was Sold For $2.9 Million Last Year Is Valued At Just $280 Now

Twitter founder Jack Dorsey’s first-ever Tweet was last year sold as a non-fungible token (NFT) for $2.9 million (roughly Rs 22 crores). Now, the NFT is being valued at $280 (roughly Rs 21,300). This has been a rather surprising development in the whole NFT space. The NFT has received a bid for $280 after its holder Sina Estavi listed it for a re-sale. Estavi, who had purchased the NFT last year in March, listed it for re-sale on OpenSea for $48 million (roughly Rs 366 crores). However, the top-bid it has received is just for $280.

Estavi, who is an Iran-born crypto entrepreneur, had pledged 50 percent of the proceeds he made after selling the tweet to a charity named Give Directly. The NFT, however, only saw seven bids, with the highest being of $280. The lowest bid was recorded at ETH 0.0019, which translates to roughly Rs 450. The deadline Estavi had set has passed without the entrepreneur getting a chance to rope in any funds via the sale. The entrepreneur told CoinDesk that the deadline he had set is over, but if he gets a good offer, he might sell it, or he might keep it forever.