In March 2021, Twitter co-founder Jack Dorsey auctioned off his first tweet as a non-fungible token (NFT) for $2.9 million. The NFT, technically a digital certificate of ownership, was purchased by Sina Estavi, the CEO of Malaysia-based cryptocurrency company Bridge Oracle. Estavi had plans to sell the NFT for $48 million and donate half of the proceeds to charity.
However, the NFT has since lost almost all of its value. As of July 20, the highest bid for the NFT is just $3.82, according to data from OpenSea, one of the world’s largest NFT marketplaces. Further details reveal that the highest bid received recently was $47.78.
Jack Dorsey’s Tweet-Turned-NFT Plunges By 99%
As the bids trend show, most traders or collectors think the NFT is worth far less than its original purchase price going by the value of submitted bids. For instance, in May, the highest bid was $13.19. The latest submission on July 19 at $3.82 reveals how the general NFT trading and collector community perce
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