{"id":1701924,"date":"2022-10-19T06:07:04","date_gmt":"2022-10-19T10:07:04","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1701924"},"modified":"2022-10-19T07:04:42","modified_gmt":"2022-10-19T11:04:42","slug":"nft-of-first-ever-tweet-that-sold-for-2-9-million-earlier-in-year-ends-up-with-top-bid-of-96","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/nft-of-first-ever-tweet-that-sold-for-2-9-million-earlier-in-year-ends-up-with-top-bid-of-96\/","title":{"rendered":"NFT of First-Ever Tweet That Sold for $2.9 Million Earlier in Year Ends Up With Top Bid of $96"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">38<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fnft-of-first-ever-tweet-that-sold-for-2-9-million-earlier-in-year-ends-up-with-top-bid-of-96%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1701924&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p><a href=\"https:\/\/zycrypto.com\/wp-content\/uploads\/2021\/03\/Jack-Dorsey-Sells-Famous-First-Tweet-as-an-NFT-for-2.9-Million.jpg\" data-caption=\"\"><\/a>  Advertisement &#038;nbsp &#038;nbsp <\/p>\n<p>In March 2022, Iranian-born crypto entrepreneur Sina Estiva purchased a Non-Fungible Token (NFT) of Twitter founder Jack Dorsey\u2019s first-ever tweet for a whopping $2.9 million(1630.6ETH). Today the tweet could sell for just under $97.<\/p>\n<p>The so-called genesis tweet that reads \u201cjust setting up my twttr\u201d was <a href=\"https:\/\/zycrypto.com\/jack-dorsey-sells-famous-first-tweet-as-an-nft-for-2-9-million\/\">first sold to Estavi<\/a> by Dorsey in an auction after beating Tron\u2019s founder Justin Sun\u2019s bid of $2,000,000 for the piece. Following the purchase, Estavi announced on Twitter that he planned on selling it and pledged to give half of its proceeds (about $25 million) to charity.<\/p>\n<p>However, as fate would have it, the piece\u2019s price flopped. At the close of the first auction in early April, the NFT managed to fetch only seven offerings with the highest bid at $0.09ETH which was roughly $277 at the time. Further, with the rout in the cryptocurrency market taking a toll on NFTs, Estavi\u2019s piece continued to be bumped up by nominal bids. As of September 16, it had only managed to attract a <a href=\"https:\/\/opensea.io\/assets\/matic\/0x28009881f0ffe85c90725b8b02be55773647c64a\/20\">top bid<\/a> of 0.075ETH ($96.49)<\/p>\n<p>Whereas the NFT has received multiple offers, Estavi remains unwilling to sell it. Previously, he has stated that he would accept a good offer or \u201cmight never sell it.\u201d NFT collectors seem to have also lost interest in the rare piece, as seen in the long breaks between offers. Whereas some believe Estavi is to blame for \u201cbad timing\u201d and for placing such an unrealistically high price for the piece, he is not the only one who has suffered from the sharp drop in NFT prices.<\/p>\n<p>Snoop Dogg, one of the several celebrities who publicly \u201caped in\u201d during the hype of 2021, purchased an NFT nicknamed \u201cRight Click and Save As Guy\u201d for about $7 million (1600ETH) in December. Today, the same NFT would sell for about $2.08 million following Ethereum\u2019s plunge.<\/p>\n<p> Advertisement &#038;nbsp &#038;nbsp <\/p>\n<p>On the other hand, pop Singer Justin Singer paid $1,301,550 (500ETH) for a Bored Ape Yacht Club (BAYC) #3001 in January 2022. The piece would set the singer back by over half its original value if sold today.<\/p>\n<p>With Ethereum plunging roughly 70% since November 2021, <a href=\"https:\/\/zycrypto.com\/ethereum-nft-q3-performance-signals-doom-as-trading-volume-dips\/\">NFTs volumes have also dived<\/a>. According to data from crypto data provider Alchemy, NFT marketplace activity had plunged by almost 90% by the close of Q3. NFT developer activity has remained high alongside growth in the wider crypto ecosystem. That said, given that most NFTs drew their high price tags due to hype, it will be difficult to predict whether they will reclaim their lost glory or sell at such high prices ever again.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Advertisement &#038;nbsp &#038;nbsp In March 2022, Iranian-born crypto entrepreneur Sina Estiva purchased a Non-Fungible Token (NFT) of Twitter founder Jack Dorsey\u2019s first-ever tweet for a whopping $2.9 million(1630.6ETH). Today the tweet could sell for just under $97. The so-called genesis tweet that reads \u201cjust setting up my twttr\u201d was first sold to Estavi by Dorsey &hellip;<\/p>\n","protected":false},"author":1,"featured_media":1899080,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[547],"tags":[],"class_list":["post-1701924","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-bongino-report"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1701924","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1701924"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1701924\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1899080"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1701924"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1701924"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1701924"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}