Twitter founder Jack Dorsey’s first-ever tweet was bought as an NFT by the crypto entrepreneur Sina Estavi for $2.9 million last year. In 2022, Estavi aims to get the NFT sold at $50M or more – as of now – the highest bid he has is for $11,500 (3.8 ETH).
The “just setting up my twttr” tweet, first posted in 2006, was auctioned off last year by Dorsey for charity.
A Deal Off from the Track
The Malaysia-based entrepreneur Sina Estavi previously bought the NFT for 1630.6 ETH, equivalent to around $2.9M at that time, through an auction. Estavi, who has compared the tweet to Leonardo da Vinci’s Mona Lisa, put the NFT back on sale in March this year.
Estavi, the founder of blockchain company Bridge Oracle, offered to donate 50% of the proceeds, which he estimated at $25 million or more, to US charity GiveDirectly.
Later, responding to Dorsey’s challenge of why he wouldn’t donate 99% of the money generated from the NFT auction, said he appreciated the idea, but he would like to use the money to help his blockchain projects and his people. Bridge Oracle has drawn some controversy lately as the founder has been accused by retail investors of committing scams and fraud.
Later, responding to Dorsey’s challenge of why he wouldn’t donate 99% of the money generated from the NFT auction, said he appreciated the idea, but he would like to use the money to help his blockchain projects and his people. Bridge Oracle has drawn some controversy lately as the founder has been accused by retail investors of committing scams and fraud.
In an interview with BBC earlier, Estavi didn’t reveal what the price he aimed for was; meanwhile, he touted someone like Elon Musk would be worthy enough to deserve this special NFT.
Estavi under pressure
Estavi, stopped in Iran, accused of “disrupting the economic system” last year, has been caught up in a series of scandals involving Bridge Oracle and CryptoLand. Both projects collapsed last year as investors waited for Estavi to trade their old tokens for new ones on the Binance Smart Chain (BSC). The Bridge Oracle Token (BRG) previously operated on the Tron network.
Estavi wanted the original BRG holders’ phone numbers and some TRX tokens to verify their holdings, so he could send them their new assets later through the BSC chain.
This move, however, only deepened the uncertainties investors felt about Estavi’s entrepreneurial integrity, as they feared it was just another scam that demanded money from them without even putting in place the bridge that connects the two base chains.
