LogFAQs > #964310625

Idiocy update: Top bid is now at $7000, because you just can't fix stupid

https://markets.businessinsider.com/news/currencies/jack-dorsey-first-tweet-nft-crypto-entrepreneur-struggling-to-sell-2022-4

Crypto entrepreneur Sina Estavi is struggling to sell an NFT of Twitter cofounder Jack Dorsey's first tweet after having shelled out millions to buy the token in the first place.

He auctioned the NFT of the tweet for a whopping $48 million, according to CoinDesk. As of Thursday morning, the highest bid he received was 2.2 ether, or about $6,856.

That's just 0.2% of the $2.9 million that Estavi paid when he bought the NFT in March.
"I think years later people will realize the true value of this tweet, like the Mona Lisa painting," he said then.

*coughing fit of laughter*

A year later, his prediction isn't exactly playing out. After listing the token on NFT marketplace OpenSea, Estavi has found the highest bids are nothing even close to the amount he paid, much less to the amount he wanted for it.

He told CoinDesk and the BBC that although the deadline he set was over, he might either accept a "good offer" or may never sell it.

"I think the value of this NFT is far greater than you can imagine and whoever wants to buy it must be worth," he told the BBC.

The $2.9 million is the bag.
And you're the dude left holding it.
Congrats. Maybe take that $7K so at least you get some money back.
(I know he probably sold it to himself and is going to write it off as a donation on his taxes, but it's fun to pretend he's just a moron and that tax systems aren't fundamentally broken)

"I think someone like Elon Musk could deserve this NFT."

Finally something I can agree w/ him on!

Also, gentle reminder for those who still don't know:

Although Estavi owns the digital right to Dorsey's tweet, it is still publicly accessible to anyone who can use the internet.