Auction by NFT of the first tweet in history raises just 0.01% of the expected


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Twitter co-founder Jack Dorsey’s first tweet, which sold as a non-fungible token (NFT) last year for over $2.9 million, is now worth just a few thousand dollars. .

Last Wednesday (13), the buyer of Dorsey’s first tweet, Sina Estavi, announced on Twitter the auction of the crypto asset on OpenSea – an NFT trading platform – with the aim of raising US$ 48 million. million), with a plan to donate 50% of the profits to charity.

But the highest bid for the tweet was just over US$ 6,200 (R$ 31,000), about 0.2% of the amount paid for it initially. Estavi, who is the chief executive of blockchain firm Bridge Oracle, said he “may never sell it” unless he receives an unspecified “high bid”, according to the BBC.

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Estavi acquired Dorsey’s tweet with the brief message “just setting up my twttr” (“just configuring my twttr” in free translation) on the NFTs Valuables platform in March last year. As a buyer, he received a certificate, digitally signed and verified by Dorsey, as well as the metadata from the original tweet.

“I think the value of this NFT is much greater than you can imagine and whoever wants to buy it must be worthy,” said Estavi. He even suggested that perhaps Elon Musk — who made a takeover bid on Twitter recently — might buy into the digital asset.

The lack of high bids for a “high profile” NFT shows that despite the rarity of some non-fungible tokens, there are still some limits in the market, which has grown exponentially in recent years.

According to a report by NFT data firm Nonfungible, trading in non-fungible tokens totaled $17.6 billion last year, marking a 21,000% increase from 2020.

Source: BBC,CNBC





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