Investing like a boss.
https://www.techspot.com/news/99510-auction-29-million-jack-dorsey-tweet-nft-has.html
Facepalm: If ever there was an illustration of just how far the NFT market has fallen, it's this: the famous non-fungible token showing the first-ever tweet, from then-CEO Jack Dorsey, that cost $2.9 million in 2021 is being auctioned. The current highest bid is $1,895.
Iranian-born Sina Estavi, CEO of Malaysia-based crypto firm Bridge Oracle, bought the NFT of the first tweet from Dorsey in 2021, paying $2,915,835.47 in an auction.
But Estavi hasn't been seeing much of a return on his investment. He tried to sell it in 2022 for an incredibly optimistic sum of $48 million. Unfortunately, the highest bid was $6,231, or 99.98% less than what he wanted.
Undeterred, Estavi tried to sell the NFT again, on OpenSea, for $48 million in April of this year. On that occasion, he was offered a whopping $280.
Possibly wanting to put the nightmare of his $2.9 million loss behind him, Estavi has returned the NFT to the OpenSea marketplace. The first bid was 0.002 ETH, or just under $4. It's now climbed to 1 ETH, or $1,871, so it looks as if Estavi is going to lose a lot of money on this venture.
Another high-profile NFT to have cost its owner a lot of money is the Bored Ape belonging to Justin Bieber. The singer paid $1.2 million for ape #3001 in January 2022. It's now valued at around $59,000.
