Jack Dorsey Tweet NFT Was Expected To Sell For $48M—Raised $280 Instead
Photo 214143182 © Sedovukr | Dreamstime.com
Although art has always been subjective, non-fungible tokens are pushing the boundaries of this idea.
Take, for example, the very first tweet, which was posted by Twitter co-founder Jack Dorsey. Last year, he turned the post into an NFT and sold it for US$2.9 million. Some might hail the tweet as a piece of internet history and feel the price is justified. But “some” is not the vast majority, it appears.
When the buyer, Iranian-born crypto entrepreneur Sina Estavi, listed the NFT on the OpenSea marketplace on April 6, he valued it at US$48 million and promised to donate half of the amount to charity.
why not 99% of it?
— jackâš¡ï¸ (@jack) April 7, 2022
Bafflingly (or not), the collectible only got seven bids, with the top offer being just US$280, or 0.09 ETH, when the auction closed a week later.
Although the deadline is over, Estavi can disregard the bids and wait for a better offer to come in over the next couple of days.
As of the time of writing, the highest anyone is willing to shell out is 2 ETH (US$6,222). That’s much more generous than the US$280 that was offered, but far from the US$48 million the owner had in mind.
If there aren’t any good offers, the holder tells CoinDesk he “might never sell” the NFT.
[via CNET and CoinDesk, cover photo 214143182 © Sedovukr | Dreamstime.com]
