This crypto entrepreneur bought an NFT for $2.9 million, expected to sell it for...
source link: https://www.entrepreneur.com/article/424858
Go to the source link to view the article. You can view the picture content, updated content and better typesetting reading experience. If the link is broken, please click the button below to view the snapshot at that time.
This crypto entrepreneur bought an NFT for $2.9 million, expected to sell it for $48 million, and was only offered a few dollars
The NFT in question represents Jack Dorsey's first tweet, and its owner had all his hopes pinned on its sale...
Last year “crypto entrepreneur” Sina Estavi bought a digital token representing Twitter founder Jack Dorsey ’s first tweet for $2.9 million. And now he tried to make his investment pay off by putting it up for auction with the expectation that this NFT could bring him $48 million. But what a surprise the man got. .
As CoinDesk reports, Estavi put the NFT up for sale on April 9, hoping to get around $50 million for it, and donating around $25 million to charity. Despite their optimism, NFT collectors weren't crazy about owning this non-fungible asset and the most they offered for it was an astonishing amount of... 0.9 ETH (about $280 USD). Estavi told the publication that: "The deadline I set is over, but if I get a good offer, I might take it, I might never sell it."
Estavi's auction came at a time when sales of NFTs tracked on OpenSea , the largest marketplace in the space, fell about 50% in 2022, from nearly $5 billion in January to $2.5 billion in March.
Estavi, who has just been released from prison in Iran, where he spent nine months after being arrested on charges of "disrupting the economic system" due to his investments in cryptocurrencies, had his hopes pinned on selling the digital asset. The value of his two companies, Bridge Oracle and CryptoLand , has been publicized due to his arrest.
Entrepreneur Editors' Picks
-
Zooey Deschanel Embraces the Word 'Quirky' and Thinks Businesses Should Too
-
A Simple (But Not Easy) Guide to Achieving Almost Any Dream
-
Making Time to Be 'Useless' Is a Vital Part of Creating Anything Valuable
-
A Billionaire Who Operates More Than 2,400 Franchises Knows These Types of Franchisees Make the Most Money
-
How Relentless Optimism Fuels Success for Hilary Schneider, CEO of Shutterfly
-
The Paradox of Celebrity Tequila
-
Social Media Was Draining Me, So I Gave It Up. My Business Has Never Been Stronger.
Recommend
About Joyk
Aggregate valuable and interesting links.
Joyk means Joy of geeK