In March 2021, co-founder and former CEO of Twitter, Jack Dorsey, announced that he would be selling an NFT of his first-ever tweet, “Just setting up my twittr”. Competitive bidding took place and the NFT found its way into the hands of blockchain entrepreneur, Sina Estavi, who purchased it for $2.9 million. Estavi, who has been plagued with troubles over the recent years, took to Twitter last Thursday to announce his intention to sell the NFT, listing it at $48 million.
Sina Estavi, CEO of Bridge Oracle has seen Oracle’s native tokens take a nosedive in its worth soon after his arrest in Iran, last year, where he served a sentence of 9 months for “disrupting the economic ecosystem”. Estavi, who currently resides in Malaysia, is no stranger to controversies. According to Cointelegraph, he was sued for refusing to pay 37.8 million BRG tokens to the former CEO of Bitcoin.com.
Estavi took to Twitter where he declared his intention to sell the NFT on Twitter, promising to donate half of the revenues (he estimated it to be over $25 million) to charity. Jack Dorsey soon replied, “why not 99% of it?”.
The bidding took place on Wednesday and ended with just seven bids. Estavi, whose asking price was $48 million, was only offered $277, or 00.9 ETH. In an interview with Reuters, Estavi said that we would keep the NFT for the moment, his reason being that he would not want to sell the NFT to anyone who doesn’t deserve the NFT. Estavi has been trying to get Elon Musk’s attention, tweeting not-so-subtle hints that he should buy the NFT.
According to Coindesk, Estavi said regarding the NFT, “The deadline I set was over, but if I get a good offer, I might accept it, I might never sell it”.