Crypto Mogul’s $2.9M NFT Investment Now Worth Less Than $4

• Sina Estavi purchased Jack Dorsey’s first tweet as an NFT for $2.9 million in 2021.
• The NFT’s value has significantly decreased since then, with the best offer now being only $3.77 according to OpenSea data.
• Estavi had initially promised to donate half of his proceeds from the sale of the NFT to charity.

Jack Dorsey’s First Tweet as NFT

In 2021, crypto entrepreneur Sina Estavi made headlines when he purchased Twitter’s co-founder Jack Dorsey’s first tweet as an NFT for $2.9 million.

Decreased Value

Two years later, the value perception of the same NFT has significantly changed with the best offer currently standing at just $3.77, according to the latest data from OpenSea.

Charity Promise

Estavi had initially promised to donate half of his proceeds from the sale of the NFT to charity.

Futile Efforts To Resell

Estavi has been trying to resell the NFT since 2022 but his efforts have been futile as he had listed it for $48 million.

Conclusion

While Estavi’s philanthropic gesture was commendable, it is unclear whether he will be able to fulfill it given that no one appears interested in buying Dorsey’s tweet.