Sina Estavi, a crypto entrepreneur who brought Jack Dorsey’s first tweet in the form of a non-fungible token (NFT) a year ago recently sought to sell it for $48 million, which is more than 16 times the $2.9 million he paid for it. However, the NFT brought in a top bid of only $280 within its three-day auction time. Dorsey’s First Tweet NFT Goes for a Flop Earlier last week, crypto entrepreneur Sina Estavi put Jack Dorsey’s ‘First Tweet’ NFT up for auction with a listing price of $48 million. Additionally, he also promised that half of the proceeds from the NFT sale will be handed out to GiveDirectly, an East African-based non-profit organization that helps families living in extreme poverty. I decided to sell this NFT ( the world's first ever tweet ) and donate 50% of the proceeds ( $25 million or more ) to the charity @GiveDirectly 🖇 https://t.co/cnv5rtAEBQ pic.twitter.com/yiaZjJt1p0 — Estavi (@sinaEstavi) April 6, 2022 The auction was closed on April 13 with just seven total offers ranging from the highest bid of only 0.09 ETH ($277 at current prices) to the lowest at 0.0019 ETH (almost $6). However, after the auction was closed off, the NFT got the highest offer upto 2 ETH, worth $6,222 at the time of writing, which is still way less than Estavi’s listed price. The NFT of Jack Dorsey’s 1st tweet, which sold for $2.9 million last year, failed to gain interest when it was recently put up for resale The auction closed w...
