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NFT of first tweet, sold last year for $2.9m, listed for $48m but gets top bid of just $280 | Daily Mail Online

NFT of first tweet, sold last year for $2.9m, listed for $48m but gets top bid of just $280 | Daily Mail Online

An NFT of former Twitter CEO Jack Dorsey‘s first tweet that was being auctioned off $48 million has received an underwhelming top bid of just $277.

The NFT, or non-fungible token, reads ‘just setting up my twttr,’ which Dorsey tweeted in March 2006 – making it the first message in the social network’s history. 

Dorsey put the NFT up for auction last year and it was purchased for $2.9 million by Iranian-born crypto entrepreneur Sina Estavi.

Estavi announced last week that he intended on selling the NFT for $48 million and splitting the proceeds with a charity organization.

However, the charities won’t have much to split after the auction received just seven bids, ranging from 0.09 Ethereum ($277 at current pricing) to 0.0019 Ethereum (nearly $6), according to CoinDesk.

Twitter boss Jack Dorsey’s first tweet sold as an NFT for just over $2.9million in March last year

Dorsey listed his famous first post (pictured) from March 21, 2006, on a platform called Valuables, which auctions off tweets as NFTs

‘I decided to sell this NFT (the world’s first ever tweet) and donate 50% of the proceeds ($25 million or more ) to the charity @GiveDirectly,” Estavi wrote.  

‘The deadline I set was over, but if I get a good offer, I might accept it. I might never sell it,’ Estavi told CoinDesk Wednesday.

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

An NFT is an authentic, one-of-a-kind digital certificate of authenticity for a work of art or collectible, while details of the NFT are recorded on  a blockchain digital ledger. 

Last month, the digital copy of the first tweet that sold for nearly $3 million had attracted opening bids of just around $6,500 after going under the hammer again.

Dorsey auctioned off his tweet for charity in March last year.

Owner Sina Estavi (pictured) described the NFT – non-fungible token – as the ‘Mona Lisa of the digital world’

The winning bidder was fellow tech boss Estavi, who has described the NFT as the ‘Mona Lisa of the digital world.’

NFTs have been touted as the digital answer to collectables – but experts have warned about their inherent risk as they have no tangible form.

‘Last year, when I paid for this NFT, very few people even heard the name NFT. Now I say this NFT is the Mona Lisa of the digital world.

‘There is only one of that and it will never be the same.

‘Years later, people will realize the value of this NFT – keep that in mind.’

NFT of first tweet, sold last year for $2.9m, listed for $48m but gets top bid of just $280

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