An NFT from the first tweet ever posted on Twitter is struggling to attract bidders, with the highest bid yet just shy of $10,000, a year after it was bought for $2.9 million.
In what could indicate a waning interest in non-fungible tokens (NFTs) sold by athletes, artists, celebrities, and tech stars, the famous inaugural Twitter post penned by co-founder Jack Dorsey seemed headed for epic failure.
It’s been over a week in the auction block on the NFT OpenSea marketplace. The main offering was in the cryptocurrency Ether, whose current value translates to just under $10,000, according to the website.
The first tweet from @Jack’s account says “just setting up my twttr”.
Malaysia-based businesswoman Sina Estavi bought the tweet as an authenticated virtual object known as an NFT for $2.9 million early last year, but put it up for auction last week hoping to fetch some $48 million. and give a portion of the money to charity. .
Mr. Dorsey had originally sold his tweet as NFTs on Ether.
The Blockchain technology used to manufacture the tokens allows people to own virtual objects with verifiable authenticity.
Mr. Estavi is among the early players in the NFT market and is the CEO of the Bridge Oracle blockchain platform.