HalfofTheHalfofThe
  • Home
  • Technology
    • Reviews
    • Amazon
    • Apple
    • Cars
    • Facebook
    • Google
    • Mobile
    • Samsung
    • Tesla
    • Twitter
  • News
    • Sports
    • Amazon
    • Apple
    • Business
    • Cars
    • Entertainment
    • Facebook
    • Mobile
    • Samsung
    • Science
    • Tesla
    • Twitter
  • How To
    • Amazon
    • Apple
    • Cars
    • Facebook
    • Games
    • Google
    • Mobile
    • Samsung
    • Science
    • Tesla
    • Twitter
  • Business
  • Entertainment
  • Health
    • Pets
    • What
    • Why
  • Lifehacks
    • Explain
    • SmartHome
    • SocialMedia
  • More
    • Amazon
    • Apple
    • Cars
    • Facebook
    • Google
    • Mobile
    • Netflix
    • Twitter
    • Samsung
    • Tesla
Search
Technology
  • How To
  • Explain
  • Mobile
  • Lifehacks
  • News
  • Reviews
  • SmartHome
  • Technology
Information
  • About Us
  • Contact Us
  • Cookie Policy
  • Privacy Policy
  • Terms and Conditions
All content
  • Home
  • Technology
    • Reviews
    • Amazon
    • Apple
    • Cars
    • Facebook
    • Google
    • Mobile
    • Samsung
    • Tesla
    • Twitter
  • News
    • Sports
    • Amazon
    • Apple
    • Business
    • Cars
    • Entertainment
    • Facebook
    • Mobile
    • Samsung
    • Science
    • Tesla
    • Twitter
  • How To
    • Amazon
    • Apple
    • Cars
    • Facebook
    • Games
    • Google
    • Mobile
    • Samsung
    • Science
    • Tesla
    • Twitter
  • Business
  • Entertainment
  • Health
    • Pets
    • What
    • Why
  • Lifehacks
    • Explain
    • SmartHome
    • SocialMedia
  • More
    • Amazon
    • Apple
    • Cars
    • Facebook
    • Google
    • Mobile
    • Netflix
    • Twitter
    • Samsung
    • Tesla
  • About Us
  • Contact Us
  • Cookie Policy
  • Privacy Policy
  • Terms and Conditions
2022. All Rights Reserved by Halfofthe. “As an Amazon Associate we earn from qualifying purchases.”
Notification Show More
Aa
HalfofTheHalfofThe
Aa
  • How To
  • Explain
  • Mobile
  • Lifehacks
  • News
  • Reviews
  • SmartHome
  • Technology
Search
  • Home
  • Technology
    • Reviews
    • Amazon
    • Apple
    • Cars
    • Facebook
    • Google
    • Mobile
    • Samsung
    • Tesla
    • Twitter
  • News
    • Sports
    • Amazon
    • Apple
    • Business
    • Cars
    • Entertainment
    • Facebook
    • Mobile
    • Samsung
    • Science
    • Tesla
    • Twitter
  • How To
    • Amazon
    • Apple
    • Cars
    • Facebook
    • Games
    • Google
    • Mobile
    • Samsung
    • Science
    • Tesla
    • Twitter
  • Business
  • Entertainment
  • Health
    • Pets
    • What
    • Why
  • Lifehacks
    • Explain
    • SmartHome
    • SocialMedia
  • More
    • Amazon
    • Apple
    • Cars
    • Facebook
    • Google
    • Mobile
    • Netflix
    • Twitter
    • Samsung
    • Tesla
Follow US
  • About Us
  • Contact Us
  • Cookie Policy
  • Privacy Policy
  • Terms and Conditions
2022. All Rights Reserved by Halfofthe. “As an Amazon Associate we earn from qualifying purchases.”
HalfofThe > Blog > Twitter > Man who paid $2.9m for Jack Dorsey’s first tweet NFT is set to lose $2.9m, Almost
Twitter

Man who paid $2.9m for Jack Dorsey’s first tweet NFT is set to lose $2.9m, Almost

Bippin
Last updated: 2022/06/14 at 9:05 AM
By Bippin Published April 17, 2022
Share
4 Min Read
Man who paid $2.9m for Jack Dorsey’s first tweet NFT is set to lose $2.9m, Almost

When Jack Dorsey sent his first tweet back in 2006, he could have never imagined the kind of value it would one day hold. This week, that tweet was sold at auction for a staggering $2.9 million. But for the man who bought it, that investment is about to go sour. According to reports, the new owner is set to lose almost $3 million on the deal. Ouch!

Man who paid $2.9m for Jack Dorsey’s first tweet NFT is set to lose $2.9m, Almost
Man who paid $2.9m for Jack Dorsey’s first tweet NFT is set to lose $2.9m, Almost

‘This is the Mona Lisa of the digital world’, according to crypto entrepreneur Sina Estavi. He bought the NFT in March 2021. 

Crypto entrepreneur Sina Estavi made headlines in March 2021 when he shelled out $2.9m for an NFT of Jack Dorsey’s first tweet. However, his efforts to resell it have run aground, as the top bid was just $6,800 as of Thursday. 

The initial purchase at that time was among the most expensive sales of a non-fungible token, or NFT for short. This came amid a flurry of interest in the niche crypto assets. Estavi listed the tweet for resale on the popular NFT marketplace OpenSea this past week, he initially listed it for $48m. 

That price tag was then removed after offers in the first week hovered around in the low hundreds of dollars. As of Thursday, the 14th, the highest bid was 2.2 of the cryptocurrency ether, which is equivalent to nearly $6,800. 

“My offer to sell was high moreover not everyone could afford it,” Estavi shared with Reuters via Twitter direct message, while also adding that he was no longer sure if he would sell the NFT. 

“It is important to me who wants to buy it, I will not sell the NFT to anyone, as I do not think everyone deserves the NFT,” Estavi added. 

NFTs are a form of crypto-asset that can record the ownership of a digital file, for example, an image, video, or even text. There is no way to guarantee an NFT’s value on top of that the market is rife with scams, fraud, counterfeits as well as market manipulation. 

However, Estavi was confident in the value of his purchase. “This NFT is not simply a tweet, this is the Mona Lisa of the digital world,” according to his statements. 

Estavi, who resides in Malaysia, said that he had been arrested last May during a trip to Iran, he was freed in February. Iranian state media had reported in May 2021 that Estavi was accused of “disrupting the country’s economic system”. 

According to Estavi, he had been arrested due to the growth of his crypto exchange, Bridge Oracle. However, Reuters was sadly unable to independently verify the details. 

“I need the support of the cryptocurrency community,” Estiva said. 

While announcing the NFT sale in a tweet on 6 April, Estavi had pledged to give 50% of the proceeds, which as per his expectations to be at least $25m to charity. 

Estiva said that the rest would be going to support Bridge Oracle. 

If you want to know more about NFTs, what it is, how it works, and how to make one and make money, click here.  

If you liked this article (or if it helped at all), leave a comment below or share it with friends, so they can also know Man who paid $2.9m for NFT of Jack Dorsey’s first tweet set to lose almost $2.9m

You Might Also Like

Twitter’s New Subscription Service at $7.99 Causing Controversy

Twitter to Introduce Paid Verification $8: What This Means for Users

How many people blocked me on Twitter?

How to Hide Likes on Twitter? 2 Easy Methods

10 Crazy Elon Musk Tweets: It’s high time we take him more serious

TAGGED: first tweets, jack dorsey
Share This Article
Facebook Twitter Pinterest Whatsapp Whatsapp Reddit Telegram Email Copy Link Print
Avatar photo
By Bippin
Aah, I see you’re here now, looks like I finally managed to capture your attention. If you’ve come all the way here then why don’t you follow my social accounts, so that you can be on this journey with me? Say what?
Previous Article How does Twitter make money? If they don't want Elon Musk's money How does Twitter make money? If they don’t want Elon Musk’s money
Next Article 11 Signs that You’re Dating a Narcissist and How to Get Out 11 Signs that You’re Dating a Narcissist and How to Get Out of it

Updated Today

Effortlessly Adjust Font Size in Word: Quick Tips and Tricks
Effortlessly Adjust Font Size in Word: Quick Tips and Tricks
How To Microsoft Word document
Step-by-Step Guide: How to Easily Insert a Video into Your Word Document
Step-by-Step Guide: How to Easily Insert a Video into Your Word Document
How To Microsoft Word document
Step-by-Step Guide: How to Insert Page Numbers in Word Easily
Step-by-Step Guide: How to Insert Page Numbers in Word Easily
How To Microsoft Word document
Effortless Table Insertion: Quick Ways to Add Tables in Word
Effortless Table Insertion: Quick Ways to Add Tables in Word
How To Microsoft Word document

Trending

Learn how to use the Microsoft word document
Learn how to use the Microsoft word document
Explain Microsoft
Apple M1 VS M2 Comparison - Features and Specs
Apple M1 VS M2 Comparison – Features and Specs
Apple Mac
How to View Blurred Text on Websites?
How to View Blurred Text on Websites?
How To
Notify Anyway: What does it mean on iPhone?  
Notify Anyway: What does it mean on iPhone?  
What iPhone
How to Turn Off Open to Work Feature on LinkedIn?
How to Turn Off Open to Work Feature on LinkedIn?
How To
HBO Max Error codes: How to fix them?  
HBO Max Error codes: How to fix them?  
How To

People Also Ask For

Twitter's New Subscription Service at $7.99 Causing Controversy HalfofThe
Twitter

Twitter’s New Subscription Service at $7.99 Causing Controversy

Bobby Pulse Bobby Pulse November 6, 2022
Twitter to Introduce Paid Verification: What This Means for Users
Twitter

Twitter to Introduce Paid Verification $8: What This Means for Users

Bobby Pulse Bobby Pulse October 31, 2022
How many people blocked me on Twitter?
Twitter

How many people blocked me on Twitter?

Deepika Deepika June 25, 2022
How to Hide Likes on Twitter?
Twitter

How to Hide Likes on Twitter? 2 Easy Methods

Bippin Bippin June 16, 2022
10 Crazy Elon Musk Tweets: It's high time we take him more serious
Twitter

10 Crazy Elon Musk Tweets: It’s high time we take him more serious

HalfofThe HalfofThe April 25, 2022
Will you Love or Hate Twitter since Elon Musk owns it now? Our take on it
Twitter

Will you Love or Hate Twitter since Elon Musk owns it now? Our take on it

Bippin Bippin April 25, 2022
Twitter Accepts Elon Musk's Buyout Deal at $44 Billion
Twitter

Twitter Accepts Elon Musk’s Buyout Deal at $44 Billion

HalfofThe HalfofThe April 25, 2022
How does Twitter make money? If they don't want Elon Musk's money
Business

How does Twitter make money? If they don’t want Elon Musk’s money

Bippin Bippin April 17, 2022
Elon Musk Offers to Buy Twitter, Calls Company 'Needs to be Transformed'
News

Elon Musk Offers to Buy Twitter, Calls Company ‘Needs to be Transformed’

HalfofThe HalfofThe April 14, 2022
Twitter is adding an Edit button, but here is how you should be using it  
Twitter

Twitter is adding an Edit button, but here is how you should be using it  

Bippin Bippin April 9, 2022
Parag Agrawal replaces Jack Dorsey and starts to make changes
Twitter

Parag Agrawal replaces Jack Dorsey and starts to make changes

Bippin Bippin December 4, 2021
Twitter iOS update prevents tweets from disappearing while you're reading them
News

Twitter iOS update prevents tweets from disappearing while you’re reading them

HalfofThe HalfofThe November 24, 2021
Show More
HalfofTheHalfofThe
Follow US
2023. All Rights Reserved by Halfofthe. “As an Amazon Associate we earn from qualifying purchases.”
  • About Us
  • Contact Us
  • Cookie Policy
  • Privacy Policy
  • Terms and Conditions
Welcome Back!

Sign in to your account

Lost your password?