Crypto entrepreneur offered $12,000 for his $2.9 million NFT

Sina Estavi tried to get $48 million on his investment but was offered just a fraction of even the original cost

Sina Estavi, a crypto entrepreneur from Malaysia, is struggling to sell an NFT (non-fungible token) of Twitter founder Jack Dorsey’s first ever tweet after spending $2.9 million last year to acquire it.

Back then, Estavi received the so-called digital rights and metadata of the world’s first message posted to Twitter, including information about the time it was posted and its text contents. The tweet is still available for anyone to see completely free of charge. 

just setting up my twttr

— jack⚡️ (@jack) March 21, 2006

However, Estavi believes that the NFT of this historic tweet is priceless and could be compared to a classical masterpiece such as a Leonardo DaVinci painting.

"I think years later people will realize the true value of this tweet, like the Mona Lisa painting," said Estavi in March 2021, when he made the purchase.

This week, Estavi put the NFT up for auction on the popular OpenSea digital marketplace, hoping to get a whopping $48 million for it, according to CoinDesk, a leading crypto news analyst. The entrepreneur announced the sale on Twitter and said he intended to donate half of that sum, “$25 million or more,” to the charity GiveDirectly.

I decided to sell this NFT ( the world's first ever tweet ) and donate 50% of the proceeds ( $25 million or more ) to the charity @GiveDirectly
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