Jack Dorsey’s First Tweet Gets $280 Highest Bid in Reselling Auction

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Buying and selling tweets has become an issue with the explosion in the non-fungible sign (NFT) space. Twitter founder Jack Dorsey sold his first even tweet made on the micro-blogging platform for $ 2.9 million in March 2021. But now, NFT collectors are willing to pay only 0.09 Ethers (about $ 280) for the tweet because it is being resold.

Iran-born crypto entrepreneur Sina Estavi, who bought Dorsey’s first tweet last year, put it up for auction, seeking $ 48 million for it. But, investors are now only willing to pay fractions of that.

Estavi also promised to donate half of the proceeds he will receive from reselling the tweet.

The auction was closed on Wednesday with the highest bid of just 0.09 ETH, while the lowest was 0.0019 ETH (almost $ 7).

But Estavi also received a number of bids after the auction closed. Now, the highest bid for the first tweet stands at 2 ETH (about $ 6,222), which is again much less than the search price.

“The deadline I set is over, but if I get a good offer, I might accept it, I might never sell it,” Estavi told the crypto-focused publication, Coindesk.

Serious and Controversial Cryptographic Entrepreneur

Estavi is a controversial figure in the crypt space. Earlier, he established two crypto companies, Bridge Oracle and CryptoLand, but both collapsed after his arrest in Iran last year. He had to serve a nine-month prison sentence on charges of “disrupting the economic system”.

Now, he’s relaunching Bridge Oracle tokens (BRG) on Binance Smart Chain; originally, it was launched on the Tron blockchain. He also promised the original BRG investors to exchange their old tokens for new ones, but said it could take up to two months as the process is handled manually.

Buying and selling tweets has become an issue with the explosion in the non-fungible sign (NFT) space. Twitter founder Jack Dorsey sold his first even tweet made on the micro-blogging platform for $ 2.9 million in March 2021. But now, NFT collectors are willing to pay only 0.09 Ethers (about $ 280) for the tweet because it is being resold.

Iran-born crypto entrepreneur Sina Estavi, who bought Dorsey’s first tweet last year, put it up for auction, seeking $ 48 million for it. But, investors are now only willing to pay fractions of that.

Estavi also promised to donate half of the proceeds he will receive from reselling the tweet.

The auction was closed on Wednesday with the highest bid of just 0.09 ETH, while the lowest was 0.0019 ETH (almost $ 7).

But Estavi also received a number of bids after the auction closed. Now, the highest bid for the first tweet stands at 2 ETH (about $ 6,222), which is again much less than the search price.

“The deadline I set is over, but if I get a good offer, I might accept it, I might never sell it,” Estavi told the crypto-focused publication, Coindesk.

Serious and Controversial Cryptographic Entrepreneur

Estavi is a controversial figure in the crypt space. Earlier, he established two crypto companies, Bridge Oracle and CryptoLand, but both collapsed after his arrest in Iran last year. He had to serve a nine-month prison sentence on charges of “disrupting the economic system”.

Now, he’s relaunching Bridge Oracle tokens (BRG) on Binance Smart Chain; originally, it was launched on the Tron blockchain. He also promised the original BRG investors to exchange their old tokens for new ones, but said it could take up to two months as the process is handled manually.



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