Posted on 04/17/2022 8:36:39 PM PDT by conservative98
A non-fungible token (NFT) of the first tweet made by former Twitter CEO Jack Dorsey originally bought for $2.9 million has reportedly failed to hold its value, with a recent top bid for the NFT reaching just $6,800. That represents a drop in value of approximately 99.8 percent based on the original purchase price.
The Guardian reports that an NFT of former Twitter CEO Jack Dorsey’s first tweet was sold in March 2021 for $2.9 million, bought by crypto entrepreneur Sina Estavi. The purchase made headlines at the time, with many shocked at the purchasing price, but Estavi seemed confident that the NFT would appreciate in value.
Recently, Estavi put the tweet up for resale on the NFT marketplace OpenSea, asking for $48 million. As of Thursday, the highest bid for the NFT was 2.2 ether — approximately $6,800. Estavi spoke to Reuters about the situation stating: “My offer to sell was high and not everyone could afford it… It’s important to me who wants to buy it, I will not sell this NFT to anyone because I do not think everyone deserves this NFT.”
(Excerpt) Read more at breitbart.com ...
I wonder what idiot bought it?
“I’d buy that for a dollar!”
From Robocop.
Caveat Emptor!
I’ve had some major financial blunders in my life, but nothing like that.
Someone is living in a fool's paradise.
These morons are finally eating their own “cooking”. “Cooking” is code for two four letter words abbreviated as BS in polite company.
The concept of Non-Fungible Tokens eludes me. Anything digital can be copied.
The only reason anyone would buy something like this is either foolish vanity, or the hope that some greater fool will pay more money for it. I mean, you can’t even display this thing in any sort of meaningful way since it is non-fungible.
Who in their right mind would pay $6,800. for such a NFT. LOL
I don’t know,and I don’t want to meet that person. I just wish I was the first to think of NFTs. Digital gold has been sitting in my camera’s memory card, I just never thought of selling the hundreds of random pictures I take while out on a hike to rubes who would buy them.
Being a knuckledragger that does not “do” social masturbation messaging, this whole twit thing is baffling.
I suppose this sort of thing is emblematic of how far our country had decomposed.
Except, of course, you wouldn’t be selling your pictures. You would be selling a cryptographic string that refers to an online resource that is represented by a random picture. Until it isn’t.
****The purchase made headlines at the time, with many shocked at the purchasing price****
Cheap advertising , he already made his money back.
Who can possibly see them as “investable?” Cryptocurrency holders!
Hey! We knuckle draggers have standards. Some people don’t. We may be cutting edge some day.
I obviously don’t make enough scratch to even know how you buy a tweet let alone loosing $3mil on one but I think your gif hits the mark.
“just setting up my twittr”
somebody paid $2.9MM, for that???
so is mine counterfeit?
i copied it from the internet...
I have a few breaths that i blew into some ziplock baggies. I’ll sell each one for a $100 bucks each. Have some fresh ones, too.
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