The value of the NFT of the first tweet seems to have plummeted in a year

The value of the NFT of the first tweet seems to have plummeted in a year

“I decided to sell this NFT (the first tweet) and give 50% of the profits to the charity GiveDirectly,” Sina Estavi, CEO of Malaysia-based blockchain platform Bridge Oracle, tweeted on April 6.

Given the so far mediocre offers on the OpenSea sales platform, he recalled that the auction a year ago also started with offers of just hundreds or thousands of dollars, and tweeted on Thursday a screenshot of offers from December 2020, “when @Jack (Dorsey) created this NFT.”

“Maybe Elon will buy it,” tweeted Matt Navarra, a social media analyst, referring to Tesla owner Elon Musk’s offer to buy Twitter.

“It would be a shame if the owner of Twitter didn’t own the first tweet :),” said Estavi.

“NFTs”, or non-fungible tokens, are digital formats that allow any virtual object, be it an image, photo, animation, video or piece of music, to be associated with a certificate of authenticity recorded in the blockchain, the technology that serves as based on cryptocurrencies such as bitcoin.

The NFT market exploded in 2021. The purchase of the authenticated image of the message “Creating my Twttr account” (“just setting up my twttr”) by Jack Dorsey, for about 3 million dollars, caused a lot of talk.

Like the sale for 69.3 million dollars at Christie’s auction house of a digital work by the American artist Beeple, entitled “Everydays: The First 5000 Days”.

But the enthusiasm appears to have waned this year. Industry watchers are divided between supporters and skeptics.

“Man, you don’t own the first tweet. You have a certificate in the blockchain that says you have a screenshot of the first tweet,” one user said on Twitter in response to Sina Estavi’s message.

Source: Ambito

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest Posts