Its current owner, Sina Estavi, was hoping to receive at least $50 million for what he considered an iconic piece of the history of Twitter. However, to their surprise, the highest offer received by the NFT non-fungible tokens (NFTs) are cryptocurrencies that do not possess the property of fungibility. did not exceed the USD $300 barrier, much less than 1% of the value originally paid for the collectible.
Recently published reports reveal that, the first tweet published by Jack Dorsey marketed in the form of a NFT for about USD $2.9 million in March 2021, it was again auctioned by its owner and the highest bid it has received for it equates to about USD $277 in ETH.
From $2.9 million to less than $300: The story of Dorsey’s first tweet
El propietario actual del coleccionable digital digital technologies are these electronic tools that have the ability to generate, store or even process data. es el criptoempresario de origen iraní, Sina Estavi, quien originalmente compró el NFT sold by Dorsey himself at the time by participating in an auction in which he was the winner with the highest bid, in which he competed side by side mainly with the former CEO and founder ofTRON, Justin Sun.
Undoubtedly, the commotion generated by the commercialization of the NFT put Estavi under the spotlight within the crypto ecosystem, becoming a more well-known figure, being the one who was willing to pay the aforementioned steep sum for a digital collectible. Let’s keep in mind that the tycoon was listed as the founder and chief executive of Bridge Oracle y CryptoLandtwo companies with a certain trajectory within the ecosystem of TRON.
At the time, Estavi justified the purchase by stating that he was investing in an important slice of human history, as he was taking credit not only for Dorsey’s first tweet, but for the first message published through the iconic social network.
The fall of Estavi
Si bien nadie cuestionaba las intenciones de Estavi, para el empresario iraní todo dio un giro inesperado cuando en mayo de 2021 fue acusado por operar un esquema piramidal a través de Bridge Oracle, for which he was imprisoned for almost a year by the authorities of his country of origin.
At the time of his capture, all of Estavi’s assets were seized by the Iranian police, including tokens. BRG marketed throughBridge Oracle. Vale destacar que según las leyes del país, la creación y comercialización de este tipo de tokens es ilegal, por lo que el apresamiento del directivo llevó al cierre de las dos empresas antes mencionadas, dejando gran cantidad de afectados tras la medida.
The return of Estavi and the failed auction an auction is a public sale through a bidding process where an asset is sold to the highest bidder. of the NFT the dorsey
But back to the marketing of the NFT, It was Estavi himself who announced last week that he would proceed to sell the digital collectible of the first message published through Twitter, informing his followers on the social network a network refers to all nodes in the operation of a blockchain at any given moment in time. as follows:
“I’ve decided to sell this NFT (world’s first tweet) and donate 50% of the proceeds (USD $25 million or more) to the charity @GiveDirectly.”
I decided to sell this NFT ( the world’s first ever tweet ) and donate 50% of the proceeds ( $25 million or more ) to the charity @GiveDirectly
???? https://t.co/cnv5rtAEBQ pic.twitter.com/yiaZjJt1p0
— Estavi (@sinaEstavi) April 6, 2022
As you can see, Estavi expected to receive at least USD $50 million for the digital collectible, precisely because of its historical connotation, but to his surprise the auction closed yesterday with a total of seven bids, which ranged from 0.0019 ETH (USD $6) to 0.09 ETH (USD $277), a figure that is well below the 1% paid for the digital collectible. NFT in the pre-sale.
In relation to the capitalized results, Estavi commented in an interview conducted by the team of CoinDesk the following:
“The deadline I set was over, but if I get a good offer I might take it…I may never sell it.”
As such, Estavi has a little less than two days to accept the highest bid posted by the iconic NFT, and although everything seems to indicate that it is not going to market an area or arena, online or offline, in which commercial dealings are conducted. it at this price, for some analysts it may not be very successful if it tries to sell it these days. The manager still has to solve the problems he is dealing with and clean up his reputation in the ecosystem.
¿Cae el auge de los NFT?
On the other hand, the thesis that is also gaining more relevance is the possible fall of the boom of the NFT, market that during 2021 was quite remarkable, but that to date is not registering the same magnitude and volume how much cryptocurrency has been traded over a set period, such as the past 24 hours. of operations as those seen during the past year.
Although today there are very well consolidated (and valued) collections that are already part of popular culture, such as, for example, theCryptoPunks or the Bored Ape Yacht ClubThe truth is that currently the market of the NFT is oversaturated with lots of people trying to market their digital goods on the major platforms.
For some, the market for NFT is very well consolidated, as it has managed to attract important businessmen and celebrities who have invested very generous amounts to acquire unique virtual items. A notable example of this is the popular and iconic American rapper, Snoop Dog, who revealed late last year to be the person behind one of the most popular profiles within this space, Cosomo Medici, quien ganó notoriedad por ser comerciante bastante afamado de este tipo de artículos.
- First tweet posted by Jack Dorsey in NFT format sold for $2.9 million USD
- Jack Dorsey pone a la venta su primer tweet en formato NFT y recibe oferta por USD $2 millones de Justin Sun, CEO de TRON
Version by Angel Di Matteo / DiarioBitcoin
Imagen de Unsplash