How much should owning the rights to a picture of tweet be worth? If you asked me, I might give you, as an act of charity, a dollar before throwing it away. Not Sina Estavi! He paid $2.9 million for this:
Oops. I think I just committed grand larceny. It’s the first time I ever stole millions of dollars, and it felt good. Maybe I should steal more…oh, wait. Uh-oh.
Crypto investor Sina Estavi bought an NFT of Twitter cofounder Jack Dorsey’s first tweet ever for $2.9 million in March of 2021. And after a year of constant hype for NFTs, most people would naturally assume Estavi might be able to turn a nice profit on his investment by now. But most people would be wrong.
Estavi put the NFT up for auction last week and bidding ended on Wednesday. The highest bid? Roughly $277 worth of ethereum, at current prices, according to crypto news outlet CoinDesk.
That’s a crushing disappointment. One moment I’m a glamorous international thief planning a weekend in Monte Carlo on my ill-gotten gains, and next I discover that my precious objet d’lucre is worth next to nothing, and if I could even find a fence for it at best I’d get a trip to the drive-through at my local McDonald’s.
I can laugh now, but I sure hope I don’t learn that my retirement funds are all invested in blockchain shit.







