https://cryptoslate.com/the-nft-of-jack ... ys-market/During the peak of the non-fungible token (NFT) market in 2021, crypto entrepreneur Sina Estavi made headlines when he purchased Twitter’s co-founder Jack Dorsey’s first tweet as an NFT for $2.9 million.
At the time of his purchase, the Iranian investor tied the NFT’s value to its uniqueness and its association with a valuable company like Twitter.
Two years later, the value perception of the same NFT has significantly changed with the best offer currently standing at just $3.77, according to the latest data from OpenSea.
While Estavi has been trying to resell the NFT since 2022, his efforts have been futile as he had listed the digital asset for $48 million. Estavi promised to donate half of his proceeds to charity at the time.
But the offer of a philanthropic gesture did not galvanize the community towards the NFT as the bids for the asset were as low as $280, while the highest amount offered then was $6,800. This greatly discouraged Estavi, who reportedly said he might never sell the NFT.
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