NFT Resells for Just $280

April 13, 2022 NFT collector gets $280 top bid for the Jack Dorsey tweet NFT he bought for $2.9 million last year After Jack Dorsey made an NFT out of his first-ever tweet, then-cryptocurrency executive Sina Estavi won the auction in March 2021 with a 1,630 ETH bid (then around $2.9 million). A little over a year later, on April 6, Estavi tweeted that he would be selling the NFT. He listed the NFT on Opensea for 14,969 ETH (around $46 million), in an auction slated to last a week. When the auction closed, there were seven offers ranging from 0.0019 ETH ($6) to 0.09 ETH ($277). It's still up to Estavi whether or not to accept a bid. " 'Jack Dorsey's First Tweet' NFT Went on Sale for $48M. It Ended With a Top Bid of Just $280", CoinDesk Jack Dorsey's first tweet (attribution) # Hmm Blockchain: Ethereum, Polygon | NFT

An article-style meme reports that a collector bought Jack Dorsey’s first-tweet NFT for $2.9 million, listed it for about $46 million, and received a top bid of only $280. The joke is the absurd collapse in value, mocking NFT speculation and the gap between hype and actual demand.

• @ithueti / 6009 2022-04-14