First Tweet NFT goes on sale for AED 235 million

Sina Estavi, a crypto entrepreneur bought Twitter founder Jack Dorsey’s first tweet as a non-fungible token (NFT) a year back. 

It was a tweet from May 21, 2006 read ‘just setting up my twittr’ and Estavi picked it up for USD $2.9 million (AED 10m).

He listed it last week for a whopping USD $48 million(AED176 m) and was hoping to get at least USD $50 million (AED 138 m) for it and committed to donating 50 per cent to charity.

The auction closed recently with seven offers in total ranging from 0.09 ETH (Ethereum) to 0.0019 ETH, which is well below Estavi’s evaluation of more than 15,987 ETH.

Estavi also has two days to accept the bid, or it will expire. 

He said, “The deadline I set was over, but if I get a good offer, I might accept it, I might never sell it. The NFT market has been impossible to predict since rising to prominence in 2021, with USD $17 billion (AED 62 b) traded on the market last year.”

However, if Estavi’s recent listing is anything to go off, the hype might have very well burnt down. 

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