Jack Dorsey’s First Tweet NFT Listed For $48 Million, Highest Bid At $280

NFT was the first tweet by Jack Dorsey on 21 May 2006.

A non-fungible token (NFT) from Twitter founder Jack Dorsey’s first tweet received the highest bid of just $280. The current owner of the NFT put it up for auction last week for $48 million.

On May 21, 2006 Mr. Dorsey’s first tweet read “Just set up my Twitter” and was bought by crypto entrepreneur Sina Estavi for $2.9 million.

He had listed NFTs and committed to donate half the amount.

Estavi said in a Twitter post on 7 April, “I have decided to sell this NFT (the world’s first tweet ever) and donate 50% of the proceeds ($25 million or more) to charity @GiveDirectly is.”

But the GiveDirectly charity now expects to receive $140 – half of what Mr. Estavi received as a bid for the NFT.

The auction closed on Wednesday and only seven bids were received. According to Coindesk, they ranged from 0.09 ETH (Ethereum) to 0.0019 ETH, which is well below Mr. Estavi’s valuation of over 15,987 ETH.

He contacted Mr. Estavi, who replied, “If I get a good offer, I can accept it, I may never sell it.”

The entrepreneur has two days to accept the bid, after which it will expire.

NFTs are digital assets whose ownership is encoded on the blockchain. In theory, owning an NFT means that the holder has ownership and control of the digital asset.

Mr. Estavi is the founder of two Malaysia-based cryptocurrency companies. According to Coindesk, Mr Estawi was arrested in Iran in May last year on charges of “disrupting the economic order”. The arrest comes two months after Dorsey’s tweets bought NFTs.

He spent nine months in custody before being released without explanation. Mr Estawi’s company Cryptoland – one of Iran’s largest cryptocurrency exchanges – shut down following the arrest.


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