Friday, February 14, 2025
HomeCryptocurrencyJack Dorsey's First Tweet NFT Drops in Value to $280 From Initial...

Jack Dorsey’s First Tweet NFT Drops in Value to $280 From Initial Cost of $2.9 Million

Jack Dorsey’s First Tweet NFT Drops in Value to $280 From Original Price of $2.9 Million

Twitter founder Jack Dorsey’s first-ever tweet was sold as a non-fungible token (NFT) for $2.9 million (roughly Rs. 22 crore) in 2015. In a fresh upgrade, the exact same NFT gathered the greatest quote at a shockingly small quantity of $280 (roughly Rs. 21,000) earlier this week after its holder Sina Estavi noted it for a re-sale. The incident has sent shockwaves amongst members of the NFT community. NFTs are digital collectibles constructed and supported on the blockchain. The values of NFTs can differ according to the inspiration it is stemmed from, which might be a game character, music, films, actors, and artists among others.Estavi, who last bought the tweet NFT in March 2021, listed it for re-sale for$48 million(roughly Rs. 365 crore)last week on OpenSea NFT marketplace.The Iran-born crypto business owner had likewise pledged 50 percent of the proceeds he made via re-selling Dorsey’s tweet NFT to a charity called Offer Directly.To Estavi’s utter scary, his priced NFT saw only seven bidders lining up, out of which, the highest bidder purchased it for$280(roughly Rs. 21,000). The least expensive bidding was taped at ETH 0.0019(roughly Rs. 448). The incident has raised concerns around the legibility of NFTs as a property class.Sina Estavi bought Twitter founder Jack Dorsey’s very first tweet as an NFT for$2.9 million last year.He noted the NFT for sale again at$48 million.It ended with a leading quote of just$280: cold_face: Are NFTs smoke and mirrors or a financial investment?: man-shrugging: https://t.co/dNfwTbK7Ci!.?.!— Nigel D’Souza(@Nigel__DSouza )April 14, 2022 #JackDorsey @jack’s first #tweet was offered as an

#NFT for$2.9 M in 2021. Now the leading bid for it is just$280: thinking_face:.

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Recent Comments

chiffon dress design in pakistan on Realme 6 Pro Review | NDTV Gadgets 360
You searched for on Realme X50 Pro 5G Review
Telefoane Mobile Ieftine si Accesorii on Oppo Enco Free True Wireless Earphones Review