An NFT of Twitter co-founder Jack Dorsey’s first tweet might cost less than $280. Last Monday, the NFT’s current owner listed it for $48 million.
Sina Estavi, an Iranian-born crypto entrepreneur, paid $2.9 million for the NFT in 2021. Last Thursday, he posted on Twitter that he planned to sell the NFT and donate half of the revenues to charity. However, the auction ended on Wednesday, with only seven bids ranging from 0.09 ETH ($277 at current pricing) to 0.0019 ETH (almost $6).
“The deadline I set was over, but if I get a good offer, I might accept it; I might never sell it,” Estavi told CoinDesk via a WhatsApp message on Wednesday.
Estavi has two days to decide whether to accept or reject the bid.
He is working on relaunching his Bridge Oracle coins (BRG) on the Binance Smart Chain, which were previously on the Tron blockchain.
BRG investors are looking forward to Estavi swapping their old coins for new ones. However, the method is being carried out manually, according to Estavi, who revealed the token swap on the same day he relisted Dorsey’s tweet NFT for sale. Estavi also revealed that the transaction might take up to two months to complete.