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
459
1 min
0
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).
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.
Useful material?
Market
Due to supply shortages, the asset’s pre-market exchange rate was climbing above $1000
Dec 16, 2024
Incidents
Reports about the hacking of the exchange with calls to withdraw assets began to spread on December 13
Dec 13, 2024
Crypto regulations
Stablecoins from issuer Circle will not be affected by the changes
Dec 12, 2024
Crypto regulations
The platform will launch after meeting the preconditions of the local exchange authority
Dec 9, 2024
Market
The $1,1 billion figure was reached after the bitcoin correction
Dec 6, 2024
Crypto regulations
By early January, all open positions and loans of local users will be closed and repaid automatically
Dec 5, 2024