Jack Dorsey's tweet in the form of NFT it was sold at auction on April 13 to the highest bid for just $280. The NFT tweet that says 'just setting up twttr' is a tweet from jack dorsey dated March 22, 2006. It was resold by Iranian crypto entrepreneur Sina Estavi. Estavi, who is the owner of NFT, had included the tweet to auction on Open sea for $48 million. However, the tweet could attract the highest offer of just $280. The auction closed on April 13 and in total received only 7 offers. These ranged from 0.09 ETH (Ethereum) to 0.0019 ETH, according to Coindesk, which was quite a bit lower than I wasthe expectation.
Estavi had posted on Twitter on April 6 that he had decided to sell the world's first tweet and would donate half the amount to GiveDirectly, a charity that allows donors to give money directly to people living in poverty. to this tweet, Dorsey He replied that he should think about donating 99% of the proceeds from the sale. Sina Estavi is currently based in Malaysia and is the CEO of two Malaysian cryptocurrency companies, including Bridge Oracle.
More bids have been offered since the bid closed, but even the highest bid of $12,712 on the OpenSea website at the time of writing is quite low compared to what Estavi paid for the NFT last year. . After the auctions, Estavi said he is not obligated to sell the NFT and the deadline he had set has passed, but he can accept a good offer, or he may never sell it.
The tweet was originally auctioned on March 22, 2021 for a value of $2.9 million on a platform called Valuables, owned by the US company Cent. The NFT was purchased by Sina Estavi, then using the Ether cryptocurrency for 1630.5825601 ETH, and was worth $2,915,835.47 at the time of sale. Dorsey received 95% of the proceeds from the top sale of the tweet, while Cent received 5%. Dorsey had then pledged to donate proceeds from the sale to people affected by COVID-19 in Africa.
For the latest cryptocurrency news and investment tips, follow our cryptocurrency page.
Estavi had posted on Twitter on April 6 that he had decided to sell the world's first tweet and would donate half the amount to GiveDirectly, a charity that allows donors to give money directly to people living in poverty. to this tweet, Dorsey He replied that he should think about donating 99% of the proceeds from the sale. Sina Estavi is currently based in Malaysia and is the CEO of two Malaysian cryptocurrency companies, including Bridge Oracle.
More bids have been offered since the bid closed, but even the highest bid of $12,712 on the OpenSea website at the time of writing is quite low compared to what Estavi paid for the NFT last year. . After the auctions, Estavi said he is not obligated to sell the NFT and the deadline he had set has passed, but he can accept a good offer, or he may never sell it.
The tweet was originally auctioned on March 22, 2021 for a value of $2.9 million on a platform called Valuables, owned by the US company Cent. The NFT was purchased by Sina Estavi, then using the Ether cryptocurrency for 1630.5825601 ETH, and was worth $2,915,835.47 at the time of sale. Dorsey received 95% of the proceeds from the top sale of the tweet, while Cent received 5%. Dorsey had then pledged to donate proceeds from the sale to people affected by COVID-19 in Africa.
For the latest cryptocurrency news and investment tips, follow our cryptocurrency page.
