Jack Dorsey’s First Tweet Gets $280 Highest Bid in Reselling Auction

Buying and selling tweets became a thing with the boom in the non-fungible token (NFT) space. The Founder of Twitter, Jack Dorsey sold his first even tweet made on the micro-blogging platform for $2.9 million in March 2021. But now, NFT collectors are willing to pay only 0.09 Ethers (around $280) for the tweet as it is up for reselling.

Iranian-born crypto entrepreneur Sina Estavi, who purchased Dorsey’s first tweet last year, has put it up for auction, seeking $48 million for it. But, investors are now only willing to pay fractions of that.

Additionally, Estavi promised to donate half of the proceeds he will receive from reselling the tweet.

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
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🖇 https://t.co/cnv5rtAEBQ pic.twitter.com/yiaZjJt1p0

— Estavi (@sinaEstavi) April 6, 2022

The auction was closed on Wednesday with the highest bid of only 0.09 ETH, while the lowest was 0.0019 ETH (nearly $7).

But, Estavi also received a few offers after the closure of the auction. Now, the highest offer for the first-ever tweet stands at 2 ETH (around $6,222), which is again way less than the sought price.

“The deadline I set was over, but if I get a good offer, I might accept it, I might never sell it,” Estavi told the crypto-focused publication, Coindesk.

A Serial and Controversial Crypto Entrepreneur

Estavi is a controversial figure in the crypto space. Earlier, he established two crypto ventures, Bridge Oracle and CryptoLand, but both collapsed following his arrest in Iran last year. He had to serve a nine-month-long prison sentence on charges of “disrupting the economic system.”

Now, he is relaunching Bridge Oracle tokens (BRG) on Binance Smart Chain; originally, it was launched on the Tron blockchain. Furthermore, he promised the original BRG investors to swap their old tokens for new ones but said that it might take up to two months as the process is being handled manually.