Maybe you remember more than a year ago, the NFT sold the first tweet from Jack Dorsey in the service that was just emerging at the time. It all started in the days when Twitter reached the age of 15, and many media and Twitter users dug into their minds, searching for and capturing the first message from their founder. This happened in March last year, when Dorsey was already showing considerable interest in the cryptoworld and the same month the NFT sold its first tweet.
Your buyer was cryptocurrency investor and businessman Sina Estaviand he paid minimal for obtaining the coveted NFT, which in the eyes of many was an excellent investment $ 2.9 million (in cryptocurrency). However, what seemed like an excellent investment turned out to be a real fiasco, which meant a millionaire loss for Estavi, who no doubt did not expect such a bitter end to his investment.
And that’s it last week he decided to sell a very valuable NFT from Jack Dorsey’s tweet and his estimates made him think that the price of a digital asset would exceed $ 50 million. As a sign of goodwill, he said, of course, that he would allocate 50% of the proceeds from this lucrative sale to charities. Round business, right? If he made $ 50 million and donated $ 25 million for social purposes, he would still make a net profit of $ 22.1 million in just over a year. Round plan.
However, reality did not meet Estavi’s expectations. Moreover, reality did not even come close to these estimates. And the point is, as we can read in Coindesk, the NFT auction added only a total of seven bids, starting at 0.0019 ether (less than six dollars) and climbed to 0.09 ETH (277 $ current price). The amounts are so low that it sounds like a joke, but it’s the actual result of the auction once it’s over.
And what happened then? Estavi said to Coindescu: “The deadline I set is over, but if I get a good offer, maybe I’ll take it, maybe I’ll never sell it.“. An attitude that undoubtedly contributes to the credibility of both Estavi himself, who was arrested last year in Iran, and the NFT market, where we can see him as a seller decides to cancel the sale if he is not interested in the result of the auction.
What the NFT market is not experiencing the best period It is something that no one will lose. From bugs like Pixelmon to signs of insecurity in some cases like Axie Infinity, not to mention the growing incidence of fraud, and now we need to add Jack Dorsey’s NFT auction bug and breach of moral obligation by its owner. obtained by selling it.
