Blockchain: NFT for the first tweet was not successful

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On April 6, businessman Sina Esteva, who paid $3 million for the Twitter founder’s first post, put the bid up for auction. But the offers do not exceed $10,000.

Sina Estafi, managing director of the Malaysia-based blockchain platform Bridge Oracle, is learning the hard way that makes the NFT market so volatile.

via Reuters

The NFT of Twitter founder Jack Dorsey’s first tweet may be selling for a fraction of its price a year ago, in a sign of extreme volatility in this market. The businessman who bought this Certificate of Authenticity for $2.9 million in March 2021 resold it this month, hoping to make $49 million. But on Thursday, the best bid was $10,000.

“I have decided to sell NFT (world’s first tweet) and donate 50% of the profits ($25 million or more) to the charity GiveDirectly,” Sina Estavi, managing director of Bridge Oracle tweeted on April 6. Blockchain platform, located in Malaysia.

Elon might buy it.

In the face of mediocre bids so far on auction platform OpenSea, he noted that the auction a year ago also started with bids in the hundreds or thousands of dollars, tweeting a screenshot on Thursday. Screen shows as of December 2020, “When Jack (Dorsey) Created NFT”.

“Elon might buy it,” social media analyst Matt Navarra tweeted, referring to Tesla CEO Elon Musk’s offer to buy the social network from Altaïr. blue. “It’s a shame that the owner of Twitter does not have the first tweet :),” Sina Estavi himself told the businessman.

The market exploded before the madness subsided

“NFT,” for a non-fungible token or non-fungible token, is a digital format that allows the association of any virtual object, whether it is a photo, image, animation, video, piece of music, or a certificate of authenticity registered on the blockchain, the technology that powers As the basis for cryptocurrencies such as Bitcoin.

The NFT market exploded in 2021. The purchase of the certifiable image of the message “I am creating my Twttr account” (“I am setting up my twttr”) by Jack Dorsey, for nearly $3 million, caused an uproar. Above all, the sale of a digital work by American artist Beeple for $69.3 million at Christie’s, titled “Every Day: The First 5,000 Days”, made headlines.

But the enthusiasm seems to have faded a bit this year. Industry watchers are divided between fans and skeptics. “Man, you don’t own the first tweet. You have a certificate on the blockchain that you have a screenshot of the first tweet,” tweeted a Twitter user in a comment to Sina Estavi’s recent post.

(France Press agency)

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