Saturday, September 23, 2023

First Tweet NFT Sells for $48M


Sina Estavi made a $48 million offer on Opensea earlier today for a digital copy of Jack Dorsey’s first tweet.

The seller will make 16 times the amount they spent for the tweet with this sale. Mr. Estavi plans to donate a portion of the revenues to charity.

Tweet Up for Sale

According to reports published on Thursday, July 7th, Jack Dorsey’s original digital tweet is for sale on the OpenSea marketplace. Sina Estavi, the current owner of the digital Twitter NFT, provided these reports. Mr. Estavi is the founder and CEO of Bridge Oracle, a Blockchain service network based in Malaysia.

Mr. Estavi has been indicating that he intends to sell this digital tweet since April 1st. Mr. Estavi, for example, ran a poll on Twitter on January 1st, asking for people’s opinions on the worth of the NFT.

On the other hand, he inquired about the worth of the world’s first-ever tweet NFT in his tweet. His survey received 428 responses, with 43 percent of respondents believing the tweet is worth more than $30 million.

On April 4th, Mr. Estavi mentioned that someone had offered roughly $10 million for the NFT. He also compared the NFT’s value to that of digital Monalisa. Mr. Estavi later stated that he had listed the asset on Opensea.

According to sources, Mr. Estavi plans to sell this NFT on Opensea for around $48 million (R705 million). Surprisingly, according to reports, Mr. Estavi paid $2.9 million for the NFT, and the sale will be worth 16 times what he paid for it.

50% Given to Charities

Mr. Estavi highlighted some of his ambitions with the funds after declaring his offer of the “simply putting up my twttr” NFT. Mr. Estavi chose to sell the NFT (the world’s first tweet) and donate half of the revenues ($25 million or more) to the GiveDirectly organization.

Furthermore, Give Directly is a charity platform that allows people to make direct gifts to persons in need. Simultaneously, a $25 million donation to the organization will go a long way toward assisting the underprivileged.

Mr. Estiva should donate 99 percent of the profit to charity, according to Twitter CEO Jack Dorsey. While Mr. Estiva has additional blockchain-related intentions for part of the monies, he said he is willing to donate the entire amount to the selected charity.

In the crypto world, the concept of charity donating has grown in popularity in recent months. NFTs and cryptos have been utilized in charity collections as the Russia-Ukraine conflict continues.

Twitter Sale Good for NFTs

Elon Musk, the world’s richest man, bought a 9% stake in Twitter just a few days ago. Musk’s involvement as an investor was welcomed by Jack Dorsey. His purchase has piqued the interest of many crypto enthusiasts, who believe Twitter will begin to explore additional blockchain options as a result.

Musk’s purchase has piqued the interest of many crypto enthusiasts, who believe Twitter will begin to explore additional blockchain options as a result. Mr. Estavi’s sale of the first tweet as an NFT could provide Twitter ideas about how to use blockchain.

Ivan Cruz
Ivan Cruz
Ivan Cruz is a writer for Cryptoconstellation. He has his Masters in Applied Research in Economics & Business. Ivan has been trading crypto for the past 7 years himself and feels it is his duty to bring you all the latest news.

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