Jack Dorsey’s tweet was his first ever. It sold last year as an NFT (or nonfungible token) and is currently worth only thousands of dollars.

Jack Dorsey (CEO at the time of Twitter) auctioned off his first tweet on March 20, 2021 as an NFT. “Valuables”Cent is a social media platform powered by blockchain.

The 15 year-old anodyne tweet — “just setting up my twttr” — was purchased by crypto entrepreneur Sina Estavi for 1,630.58 etherIt was valued at $2.9 million.

Last Wednesday, Estavi announced on TwitterThat he was selling the NFT on OpenSeaNFT trading platform and intends to give 50% of the proceeds to charity. The highest bid was for this tweet at the time of publication. worth $9,968A $2,905,867 decrease in value.

Estavi, the chief executive officer of Blockchain company Bridge Oracle said that he would not sell the tweet until he received a “high-bid” amount. according to the BBC.  

Estavi does seem to be taking the fall in value as a compliment, however. He retweeted a tweet suggesting that “maybe Elon will buy it” — a reference to Elon Musk’s takeover bid for TwitterIt was announced Thursday morning.

Use blockchain technology, NFTs are cryptographic tokens of digital media sold by artists, musicians, celebrities, sports entities and others that can be traded or sold on a decentralized network of computers around the world.

There are no high bids to purchase such high-profile NFTs, suggesting that there may be limits to this market. It has seen a tremendous increase in its value in the past two years. The value of trading in nonfungible tokens reached $17.6B last year. This represents a 21,000% increase over 2020. report from NFT data company Nonfungible.com.

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