This crypto entrepreneur bought an NFT for $2.9 million, expected to sell it for $48 million, and was only offered a few dollarsThe NFT in question represents Jack Dorsey's first tweet, and its owner had all his hopes pinned on its sale...
This article was translated from ourSpanish edition.
Last year "crypto entrepreneur"Sina Estavibought a digital token representingTwitterfounderJack Dorsey's first tweet for $2.9 million. And now he tried to make his investment pay off by putting it up for auction with the expectation that thisNFTcould bring him $48 million. But what a surprise the man got. .
AsCoinDesk报道,Estavi把非功能性测试4月9日挂牌出售, hoping to get around $50 million for it, and donating around $25 million to charity. Despite their optimism, NFT collectors weren't crazy about owning this non-fungible asset and the most they offered for it was an astonishing amount of... 0.9 ETH (about $280 USD). Estavi told the publication that: "The deadline I set is over, but if I get a good offer, I might take it, I might never sell it."
Estavi's auction came at a time when sales of NFTs tracked onOpenSea, the largest marketplace in the space, fell about 50% in 2022, from nearly $5 billion in January to $2.5 billion in March.
Estavi, who has just been released from prison in Iran, where he spent nine months after being arrested on charges of "disrupting the economic system" due to his investments in cryptocurrencies, had his hopes pinned on selling the digital asset. The value of his two companies,Bridge OracleandCryptoLand, has been publicized due to his arrest.
