The NFT of Jack Dorsey’s first tweet hasn’t gotten the amount of interest as it was assumed to have when it was put up for resale, Bloomberg wrote.
Last year it was sold for $2.9 million to Sina Estavi.
The auction for the NFT this time, though, only got seven offers, ranging from just 0.0019 Ether to 0.09 ETH, or around $6 to $280.
That was a massive downgrade from $48 million the owner was seeking. Estavi will reportedly have two days to accept the bid or it will expire.
“The deadline I set was over, but if I get a good offer, I might accept it, I might never sell it,” Estavi is reported to have said.
PYMNTS wrote about the origination of Dorsey offering his first tweet, which dated back to 2006 and read “just setting up my twittr.”
The famous post was to be listed as memorabilia on the Valuables by Cent tweet marketplace website, which worked to sell tweets as NFTs. The post got offers going up to $88,888.88 on March 5, 2021, when it was listed, within minutes of the listing.
Some of the offers were older, which suggested that the offer might have existed earlier, though the bulk of the offers started in March 2021.
Estavi’s bid for $2.5 million was the highest at the time of the PYMNTS report.
Dorsey’s tweet was one of the most famous on the platform, which would suggest uniquely high bids.
Valuables by Cent was rolled out three months prior to the offer, comparing the buying of tweets with buying an autographed baseball card. The ethos is that there’s “only one unique signed version of the tweet, and if the creator agrees to sell, you can own it forever.”