Jack Dorsey

2022 - 4 - 14

Post cover — Image courtesy of "The Guardian"

Man who paid $2.9m for NFT of Jack Dorsey's first tweet set to lose ... (The Guardian)

'This is the Mona Lisa of the digital world', says crypto entrepreneur Sina Estavi who bought the NFT in March 2021.

That price tag was removed after offers in the first week were in the low hundreds of dollars. Crypto entrepreneur Sina Estavi made headlines in March 2021 when he paid $2.9m for an NFT of Twitter boss Jack Dorsey’s first tweet. “This NFT is not just a tweet, this is the Mona Lisa of the digital world,” he said.

An NFT of Twitter co-founder Jack Dorsey's first tweet has lost almost ... (CNBC)

Jack Dorsey, co-founder of Twitter Inc., speaks during the Bitcoin 2021 conference in Miami, Florida, U.S., on Friday, June 4, 2021. Eva Marie Uzcategui | ...

Trading in nonfungible tokens totaled $17.6 billion last year, an increase of 21,000% from 2020, according to a report from NFT data company Nonfungible.com. Last Wednesday, Estavi announced on Twitter that he was selling the NFT on OpenSea, a NFT trading platform, and planning to donate 50% of its proceeds to charity. Estavi appears to be taking the drop in value in stride, however.

Bought for $2.9 mln, NFT of Jack Dorsey tweet finds few takers (Reuters)

Crypto entrepreneur Sina Estavi made headlines in March 2021 when he paid $2.9 million for an NFT of Twitter boss Jack Dorsey's first tweet.

Register now for FREE unlimited access to Reuters.com That price tag was removed after offers in the first week were in the low hundreds of dollars. Register now for FREE unlimited access to Reuters.com LONDON, April 14 (Reuters) - Crypto entrepreneur Sina Estavi made headlines in March 2021 when he paid $2.9 million for an NFT of Twitter boss Jack Dorsey's first tweet. Register now for FREE unlimited access to Reuters.com read more

'Jack Dorsey's First Tweet' $2.9 Million NFT Gets $277 Bid At Auction (Forbes)

A non-fungible token (NFT) of Twitter founder Jack Dorsey's first-ever tweet could sell for just under $280. The current owner of the NFT listed it for $48 ...

The Sandbox, the largest virtual world in terms of transaction volumes, saw 65,000 transactions in virtual land totaling $350 million in 2021. We’ll see if that holds up given the valuation of high-profile NFTs like the “Jack Dorsey first tweet” NFT. “2021 pushed NFTs (non-fungible tokens) on the map. But as sales have decreased in recent months, NFT holders are looking for other opportunities to scale. NFT global sales volume hit $4.6 billion in January, but declined almost 50% to $2.4 billion by the end of March, according to NFT data aggregator CryptoSlam.” The auction closed Wednesday, with just seven offers ranging from 0.09 ETH ($277 at current prices) to 0.0019 ETH ($6).”

NFT of Jack Dorsey Tweet That Sold For $2.9M Has Tanked in Value (Hyperallergic)

Crypto entrepreneur Sina Estavi tried to sell the NFT and recent bids stand at just a couple thousand.

Estavi listed the NFT for sale on OpenSea last Thursday, pledging 50 percent of the cut to charity and estimating that he would be the benefactor behind a fat altruistic donation approaching $25 million. Not to fear: Estavi’s beneficence will in all probability be quite a trifling one, regardless of what percentage he opts to keep for himself. A Kevin Roose New York Times column going for $560,000 (Kevin who)? Nyan Cat, an animated cartoon cat with a Pop-Tart body, selling for $580,000 … in 2021? The tweet, posted in 2006, read: “just setting up my twttr.” For the five artists in From Scratch, starting from the elemental meant raising existential questions on the use of language and humor or irony in art. Among the eclectic e-tchotchkes that somebody paid certainly too much money for — 1,630.58 ETH or $2.9 million, to be precise — was Dorsey’s first tweet.

The auction for an NFT of Jack Dorsey's first tweet—listed at $48 ... (Fortune)

Cryptocurrency entrpreneur Sina Estavi bought the NFT of Dorsey's tweet last year for $2.9 million.

Investors also ditched the currency that backed Estavi's other project, blockchain company Bridge Oracle, causing the token's value to sink to near-worthless levels. However, the NFT market has entered a slump this year. The NFT market grew significantly in 2021. Estavi's company Cryptoland—one of Iran's biggest cryptocurrency exchanges—closed down after the arrest. On April 6, Estavi listed the token on NFT marketplace OpenSea for $48 million. At the time, Estavi said his purchase price was a bargain.

Why Jack Dorsey's First-Tweet NFT Plummeted 99% In Value In A ... (Forbes)

In March 2021, an NFT created by Jack Dorsey sold for $2.9 million. Yet in an auction this past week, no one bid more than $280 for it. What happened?