From $2.9M Down to $280, and up by $6K -Breaking
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The Dorsey Tweet NFT Story: $2.9M to $280 and Up by $6K- Jack Dorsey’s first-ever tweet NFT has been listed for $48 million at OpenSea.
- Auction closed with a maximum bid of $280.
- Sina (NASDAQ: Estavi) has again opened the NFT sale.
Jack Dorsey’s first-ever tweet NFT that was bought for $2.9 million has been listed for $48 million at OpenSea since April 7 but is struggling to hit its target, garnering over $280 at one point and a current top bid of over $6,000.
Sina Estavi, an Iranian-born crypto businessman, announced that he intends to sell Twitter (NYSE:) founder Dorsey’s first-ever tweet and pledged 50% of the proceeds to charity. Listing it at $48 million, Estavi says that the donation will be “$25 million or more.”
The initial NFT offers were disappointing. There were only seven offers, ranging in value from 0.09ETH ($26) up to 0.0019ETH (almost $6), at the closing of the auction.
Although the auction has been closed according to reports, offers could still be made at the moment of writing. The highest price for NFT was 0.09ETH. It rose by 99900% from the floor price to now be at 2.ETH (or $6,231.80).
Meanwhile, 50% of the proceeds as donations to charity seem lacking for the Twitter founder, suggesting “99%.”
You should also remember that Dorsey was the first person to tweet his NFT status in March 2021. He sold it at $2.9 million and converted the earnings to cash to donate them to Africa as COVID-19 relief.
Estavi, NFT’s owner is hoping to return the industry following two failed ventures in crypto and nine months behind bars. He seeks to do right by holders of his Bridge Oracle’s token project, BRG, starting with allowing holders to swap these tokens for a new version running on BSC.
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