Jack Dorsey’s First Tweet Now Worth Only $4

Jack Dorsey’s first tweet NFT precipitated an enormous stir when it offered as an NFT for $2.9 million. Right this moment, it’s value a mere  $3.77. Let’s take a more in-depth take a look at what occurred.

TL;DR:

Jack Dorsey’s first tweet NFT journey has been a rollercoaster, with an preliminary whopping worth of $2.9 million, tied to its uniqueness and Twitter’s affiliation.
Quick ahead to at the moment, the NFT’s worth has plummeted to a mere $3.77, leaving everybody astonished on the drastic decline.
Regardless of efforts to resell for $48 million and a charitable motive, the bids have been disappointingly low, reflecting the difficult instances for NFTs amid a broader crypto market downturn.

Jack Dorsey’s First Tweet NFT Plummets in Worth

It’s been a rollercoaster journey for Jack Dorsey’s first tweet NFT! Again in 2021, crypto entrepreneur Sina Estavi made headlines when he snagged the historic tweet as an NFT for a whopping $2.9 million. Quick ahead two years later, and issues have modified. The identical NFT, which was as soon as valued so extremely, is now going through a tough time. The most effective provide on the desk presently sits at a mere $3.77.

Regardless of his finest efforts to resell the NFT since 2022, Estavi’s desires of constructing a charitable contribution have been dashed. He listed the digital asset for $48 million, with the intention of donating half to charity. The bids may have been a lot increased, starting from $280 to the best provide of $6,800. 

Amidst the market downturn within the crypto world, the NFT sector has additionally taken successful. The worth and exercise of digital belongings have seen a major decline, and a few huge names like Bored Apes and CryptoPunks have suffered greater than a 70% drop of their ground costs since their peak ranges.

It’s a wild journey on the earth of NFTs, and because the market continues to evolve, who is aware of the place it’ll take us subsequent? Solely time will inform. However for now, Jack Dorsey’s first tweet NFT has undoubtedly skilled its share of ups and downs.