A crypto entrepreneur called Sina Estavi bought a digital token representing Jack Dorsey's first tweet, reportedly paying $2.9 million. It's not clear if the tweet was sold to an unsuspecting investor, but it's certainly interesting.

Estiva offered to donate half of the proceeds from the sale of his NFT to charity. But the tweet remains on Twitter, and only the former CEO of Twitter can take it down. Hence, there's no rarity value in the tweet. Moreover, Dorsey's tweet lacks value, mainly due to the lack of transparency regarding the original author's rights.

Founded by Jack Dorsey, Twitter was the world's first social media network. The first tweet was published in March 2006. It's said to be the first tweet in the history of the Internet. As an NFT, it has a market value of $48 million. Sina Estavi purchased the NFT as a non-fungible token in 2021. But she is having trouble selling it. To sell it, she tried to auction it on OpenSea. The winning bidder proposed $6,856 for the token.

Non-fungible Tokens (NFT) are a way to prove ownership of digital assets. Like art and tweets, these tokens are digital receipts that allow users to buy them. But the issue is if people are willing to pay such high prices for digital assets. This question will be answered when NFTs become widely available in the market.

A crypto entrepreneur recently bought the first tweet of Twitter co-founder Jack Dorsey. He was hoping to sell it for $48 million. The seller said he would donate 50% of the proceeds to charity. This would make the first tweet NFT worth $280. However, he didn't get his price. That isn't what he expected.

The tweet's NFT was listed on OpenSea's NFT marketplace. It was minted on the Polygon blockchain and currently sits at 4.76 ETH, or $14000. Estiva bought the NFT of Dorsey's tweet in March. As of last week, there had been only two bids, and the highest offer is still $280 - less than half the price Estavi paid for it.

What's impressive is that a digital copy of Jack Dorsey's first tweet has sold for over $48 million on a non-fungible token market. Its previous owner paid $2.9 million for the NFT and will donate 50 percent of the proceeds to the nonprofit Give Directly. This latest auction has further illustrated that the price tag of NFTs is not as high as many people think. Remember to read NFT Politan news regularly to stay abreast of new developments in the field.

A crypto investor from Iran paid almost $3 million for the world's first NFT last year. He held it for over a year before putting it up for auction on a popular NFT marketplace, OpenSea. Last Wednesday, the tweet was listed for $48 million, but no bids reached that price. The highest bid was just $280, or $12,600. Estiva says that it's a good sign that the NFT market is stabilizing.

This Twitter user paid $6,200 to purchase the NFT and pledged to donate 50 percent of the proceeds to charity. He also predicted that his NFT would go on to sell for at least PS19 million. While Estiva may be willing to sell it for a profit, he's still unclear on how to proceed. If he sells it, he may keep it as digital memorabilia.