Sina Estavi, whose cryptocurrency endeavors Bridge Oracle and CryptoLand failed after his arrest in Iran the year before is now in the spotlight again for a different reason. This time, Jack Dorsey’s first tweet NFT valued at $48M was relisted on the market by Estavi which got the top bid of only $280.
A non-fungible token (NFT) of Twitter co-founder Jack Dorsey’s first twitter post could fetch less than $280. Last week, the NFT’s present holder listed it for $48 million.
Sina Estavi, an Iranian-born cryptocurrency entrepreneur, paid $2.9 million for the NFT in March 2021. Last Thursday, he declared on Twitter that he intended to auction the NFT and would donate half of the funds raised (which he estimated might well surpass $25 million) to charitable causes. The auction ended on Wednesday, with only seven bids spanning from 0.09 ETH ($277 at today’s costs) to 0.0019 ETH (nearly $6).
“The deadline I set was over, but if I get a good offer, I might accept it, I might never sell it,” Estavi informed CoinDesk in a WhatsApp text on Wednesday.
Estavi has two days to approve or reject the offer.
Estavi, whose cryptocurrency endeavours Bridge Oracle and CryptoLand failed after his arrest in Iran the year before, is in the process of rebooting his Bridge Oracle tokens (BRG), that were previously on the Tron blockchain, and also on Binance Smart Chain.
Investors in BRG have been waiting for Estavi to swap their old tokens for new items. Estavi, who declared the token exchanges on the very same day he relisted Dorsey’s twitter post NFT for sale, told CoinDesk that the procedure is being carried out manually and could end up taking up to two months to finish.