The Dorsey Tweet NFT Saga: From $2.9M Down to $280, and up by $6K
2022.04.14 11:16
The Dorsey Tweet NFT Saga: From $2.9M Down to $280, and up by $6K
- Jack Dorsey’s first-ever tweet NFT has been listed for $48 million at OpenSea.
- The auction has been closed, with the listing just having a top bid of $280.
- Sina (NASDAQ:SINA) Estavi, the buyer of the NFT, has opened the sale again.
Jack Dorsey’s first-ever tweet NFT that was bought for $2.9 million has been listed for $48 million at OpenSea since April 7 but is struggling to hit its target, garnering over $280 at one point and a current top bid of over $6,000.
Sina Estavi, an Iranian-born crypto businessman, announced that he intends to sell Twitter (NYSE:TWTR) founder Dorsey’s first-ever tweet and pledged 50% of the proceeds to charity. Listing it at $48 million, Estavi says that the donation will be “$25 million or more.”
But the initial offers for the NFT have been abysmal, with only seven total offers ranging from 0.0019 ETH (almost $6) to 0.09 ETH or $281.15 at the time the auction was closed.
Although the auction was reported to be closed, it appears offers can be made again at the time of writing. From the highest bid of just 0.09 ETH, the top bid for the NFT soared by 99900% of the floor price and is now at 2 ETH or $6,231.80.
Meanwhile, 50% of the proceeds as donations to charity seem lacking for the Twitter founder, suggesting “99%.”
It can be remembered that Dorsey sold his first tweet as an NFT in March 2021. After selling it for $2.9 million, he converted the returns to Bitcoin and donated them to Africa for COVID-19 relief.
In other related news, the NFT owner, Estavi, is eyeing a return in the industry after two flopped crypto ventures and nine months behind bars. He seeks to do right by holders of his Bridge Oracle’s token project, BRG, starting with allowing holders to swap these tokens for a new version running on BSC.
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