Twitter founder Jack Dorsey’s first-ever tweet to be sold as an NFT (Nonfungible Token) was put up for sale by the buyer for a whopping $48 million — and received a stunningly meager peak bid of less than 280 as of this week’s deadline U.S. dollar.
At that point, the seller reached out to would-be Twitter owner Elon Musk, urging him to bid — to no avail.
Admittedly, entrepreneur Sina Estavi, CEO of Malaysian crypto project Bridge Oracle, was looking for a massive return. He bought Dorsey’s message as an NFT — a unique crypto asset — just over a year ago for $2.9 million — and then last week listed the NFT for sale for $48 million. He promised to donate half of the proceeds to charity.
The world’s first tweet by Dorsey (written March 21, 2006) modestly declares, “Just setup my twttr.”
But offers for it ranged from nearly $6 to about $277 by Wednesday’s deadline, Coin Desk reported. After the deadline, the best offer was reportedly up to $10,000 through Thursday.
Estavi urged Musk to bid for the NFT on Thursday. “It’s not good if the Owner of the entire Twitter does not own the first tweet‘ he flattered.
So far, Musk hasn’t made an offer for the NFT — but he’s still trying to buy Twitter and take it private while the company’s board looks for ways to thwart his plans.
As for the Dorsey NFT, Estavi doesn’t seem overly concerned about his prospects.
“The deadline I set [is] over, but if I get a good deal, I might take it, I might never sell it,” he told CoinDesk in a video call.
He told Reuters: “My offer to sell was high and not everyone could afford it. I care who wants to buy it. I will not sell this NFT to anyone because I don’t think everyone deserves this NFT.”
Estavi added: “This NFT is not just a tweet. This is the Mona Lisa of the digital world.”