October 1, 2022

The investor Sina Estavi paid 3 million dollars for an NFT and in exchange they offered him less than 7 thousand pesos

Sina Estavi, the investor entrepreneur of the crypto world. Known as he was in the media last year when he bought the digital token or NFT from Twitter founder Jack Dorsey’s first tweet for $2.9 million.

A few weeks ago, he tried to sell it at auction, estimating that he would earn at least 48 million dollars, but he was in for a big surprise.

“It’s a piece of human history in the form of a digital asset. Who knows what the price of the first tweet in human history will be in 50 years,” Estavi said in an interview with Cryptobtcbrowser. A digital asset that the investor compared to the Mona Lisa.

 

The NFT was not really cause for interest

On April 9, Estavi opened up his NFT for sale to the highest bidder in hopes of getting about $50 million for it and donating about $25 million to philanthropy. According to Cryptobtcbrowser, few people showed any interest in the first tweet.

Despite this, Sina Estavi bid for the NFT of Jack Dorsey’s first tweet only achieved the value of 0.9 ETH, that is, the staggering amount of 280 dollars (just under 6 thousand Mexican pesos at the current exchange rate).

This auction attempt comes at a time when NFT trading, according to Cryptobtcbrowser, is down almost 50% so far this year.

As is known in the media, Estavi has just been released from prison in Iran where he was interned for 9 months for “disrupting the economic system” for his operations with cryptocurrencies.

 

 

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