Last week, the world’s first-ever tweet NFT was re-listed for sale at $48 million. The auction ended on Wednesday with a top offer of just under $280.
What Happened: Cryptocurrency entrepreneur Sina Estavi had bought former Twitter Inc (NASDAQ: NYSE:TWTR) CEO Jack Dorsey's first-ever tweet NFT last year for 16,380.58 Ethereum (CRYPTO: ETH), or $2.9 million at the time.
According to a report from CoinDesk, Estavi’s resale auction closed with only seven total offers which ranged from $0.0019 ETH worth $6 to 0.09 ETH worth around $277.
Why It Matters: Last week, Estavi said he would be putting up the NFT for sale at $48 million, pledging to donate half the proceeds, or around $25 million, to charity.
Dorsey, who had donated all the proceeds from his original sale to the Give Directly charity, had asked Estavi why he did not consider giving away 99% of his proceeds.
“The deadline I set was over, but if I get a good offer, I might accept it, I might never sell it,” Estavi said to CoinDesk in a WhatsApp message on Wednesday.
Estavi is the founder of the now-defunct crypto exchange CryptoLand and the Bridge Oracle (NYSE:ORCL) project. Both his ventures collapsed after he was arrested in Iran in May 2021 for charges related to disrupting the economic system.
Price Action: According to data from Benzinga Pro, ETH was trading at $3,127, up 2.34% in the last 24 hours.
Photo courtesy: Andrew Mager on Wikimedia
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