Jack Dorsey's first tweet in the form of a non-fungible token (NFT) was initially sold to Iranian-born crypto entrepreneur Sina Estavi for $2.9 million in March 2021. Now, the highest bid for the token is set at $10,164.
Estavi put his NFT for sale last week for $48 million. In a tweet announcement, he promised to donate 50% of the proceeds to GiveDirectly, a non-profit charity organization. That tweet almost immediately puzzled Dorsey, as the ex-CEO of Twitter couldn't figure out why Estavi wouldn't give 99% of the proceeds to charity.
One way or another, Estavi's idea to get the other 50% (~$24 million) of the sale is barely reachable as the highest bid for the NFT is set at 3.3 ETH (~$10,164).
In a commentary to CoinDesk, Estavi said that although the deadline for the auction is over, he might still accept a "good offer" or "never sell" the NFT at all. He didn't explain why he decided to sell the token right now if he's ready to hold it forever.
Apparently, there are other urgent circumstances that made Estavi list Dorsey's tweet for sale. According to reports, Estavi's crypto ventures Bridge Oracle and CryptoLand are struggling to settle issues with investors after Iranian officials confirmed arresting members of his companies on charges of disrupting the economic system.
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