NFT: Bought for $3 million, Jack Dorsey’s very first tweet may not resell for more than $10,000

Blow to the NFT buyer of Jack Dorsey’s first tweet. While the NFT had been sold by the co-founder of the social network to the blue bird for 2.9 million dollars in March 2021. Its buyer, Sina Estavi, who put it back on sale this month, hoping to make 49 million, did not see the bidding go up as he hoped. On Thursday, the best offer did not exceed 10,000 dollars, a sign of the extreme volatility of this digital art market.

“I’ve decided to sell this NFT (The World’s First Tweet) and donate 50% of the proceeds ($25 million or more) to the charity GiveDirectly,” tweeted Sina Estavi, CEO of the Bridge Oracle blockchain platform, located in Malaysia.

“Maybe Elon Musk will buy it”

Faced with so far mediocre bids on the OpenSea auction platform, he recalled that the auction a year ago also started with offers of a few hundred or thousands of dollars, tweeting a screenshot on Thursday. offers screen from December 2020, “when @Jack (Dorsey) created this NFT”.

“Maybe Elon will buy it,” social media analyst Matt Navarra tweeted, referring to Tesla boss Elon Musk’s offer to buy Twitter. “It would be a shame if the owner of Twitter didn’t own the first tweet,” Sina Estavi himself told the entrepreneur.

An NFT already sold for nearly 70 million dollars

The “NFT”, for non-fungible token or non-fungible token, is a digital format that allows to associate with any virtual object, whether it is an image, photo, animation, video, or piece of music , a certificate of authenticity recorded on the blockchain, the technology that serves as the basis for cryptocurrencies like bitcoin.

The NFT market exploded in 2021. The purchase of the authenticated image of the message “I create my Twttr account” (“just setting up my twttr”) by Jack Dorsey, for nearly 3 million dollars had caused a stir. But it is above all the sale for 69.3 million dollars at Christie’s of a digital work by the American artist Beeple, entitled “Everydays: The First 5000 Days”, which had hit the headlines.

However, the enthusiasm seems to have died down a little this year. Industry watchers are split between fans and skeptics. “Man, you don’t own the very first tweet. You have a certificate on the blockchain that says you have a screenshot of the very first tweet,” a Twitter user responded to Sina Estavi’s latest post.

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