Jack Dorsey’s first tweet NFT drops by 99,9%

The owner, who bought the token in 2021 for $2,9 million, later tried to resell it for $48,9 million

18.10.2022 - 08:45

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1 min

What’s new? Twitter founder Jack Dorsey’s first tweet, which was sold as a non-fungible token (NFT) for $2,9 million in 2021, lost more than 99,9% of its value. Thus, the minimum price for which a user of the OpenSea NFT marketplace offered to buy the token from the current owner is only $1,34 (0,001 ETH). The offer marked by the marketplace as the best came three days ago and is $1270,11 (0,95 ETH).

Token page on the platform

What else is known? NFT is a screenshot of Dorsey’s first tweet posted on March 21, 2006. In March 2021, it was bought by Bridge Oracle founder Sina Estavi for $2,9 million. Dorsey donated 99% of the proceeds to charity.

In April, Estavi tried to resell the token for $48,9 million. He also promised to spend 50% of the proceeds on charity and the rest on supporting various blockchain projects.

Earlier, analytics company Unfolded reported that the volume of sales of the OpenSea marketplace in Q3 dropped by 60% compared to the previous reporting period.

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