The world of crypto is a strange and wild place. Not only are the rules unclear and the players a motley crew of sun-starved misfits, but the valuation of goods is more questionable than a week-old tuna sandwich. So when a hot ticket item like the very first tweet sells for $48 million below asking price, forgive us for slow clapping in celebration. We’re still learning.
For a little context, Jack Dorsey’s first tweet was sold last year to Malaysian crypto dealer Sina Estavi for $2.9 million. At the time, it was the most expensive NFT ever sold. A few months after the purchase, Estavi, the founder of collapsed cryptocurrency Bridge Oracle, booked a nine-month trip to prison. And now, with his time served, the crypto lord is looking for liquidity by auctioning off his precious NFT.
“It’s important to me who wants to buy it, I will not sell this NFT to anyone because I do not think everyone deserves this NFT,” Estavi said like the super down-to-earth person he is.
Unfortunately, after listing it on OpenSea for $48 million, the sacred first tweet only garnered a top bid of $280. Eventually, someone offered up two Ethereum, the equivalent of roughly $6,800. (Now that’s more like it.)
Estavi was shocked at the dismal response from investors and blamed the lack of interest on poor people saying, “My offer to sell was high and not everyone could afford it.” He then added, “This NFT is not just a tweet, this is the Mona Lisa of the digital world.”
We couldn’t agree more. While the Mona Lisa took 16 years to paint, it took Jack Dorsey about 16 seconds to type, “just setting up my twittr,” while taking a dump in his home office. Totally worth every penny of the $48 million no one wants to pay.
Cover Photo: filadendron (Getty Images)
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