The first ever tweet on Twitter was called as the “Monalisa of Twitter.” Jack Dorsey minted the first ever tweet in to an NFT.  The NFT of the first ever tweet was purchased by Sinai Estavi, Iranian Crypto Investor for $2.8 million.  However, when Estavi wanted to resell the tweet, things did not work well as desired.

Sasha Ivanov:  Someday NFT’s will be worth something. But they will be a new breed of NFT’s.

Sinai Estavi recently listed the NFT for $48 million on Open Sea.  However, when the auction came to a close – the top bid was just $280.

Estavi purchased the tweet in March of 2021 with lot of hopes.  This was at a point in time when the NFT boom was just beginning to get started. When he bought it he stated, “This is not just a tweet!” he also further added “I think years later people will realize the true value of this tweet, like the Mona Lisa Painting.”

Before he set out to sell the NFT, Estavi expected to get $25 million.  He desired to sell the NFT and donate 50% of the proceeds to charity.

The highest bid now is at $277.88. Obviously, Estavi could not be satisfied with the price.  He stated, the highest bid was $277.88. “The deadline I set was over, but if I get a good offer, I might accept it, I might never sell it,”

After the end of the auction there have been other offers and the highest post-auction is at 3.3 ETH (roughly $10,000) on the NFT. Estavi might have to close the offer in 7 days and accept the bid or choose to wait for something better.

While $10,000 is better than $280 it is a far cry from $2.8 million, which Estavi Paid for the tweet.  And he expected to sell it for $48 million.

In the past, Sina Estavi, CEO of Bridge Oracle (BRG token), owner of Cryptoland, was accused of “disrupting the country’s economic system”

Estavi called himself a “Crypto Victim” and he stated that he needs support from the cryptocurrency community. He said he has been arrested for the growth of his crypto exchange – Bridge Oracle.

Cryptoland claimed to be the first physical space which can be traded as NFT. It was promoted as a crypto destination on earth where the community will be able to surround themselves with other like-minded individuals.

All the NFTs came with ownership and commercial usage rights which were set to be given to the consumer over their NFT.  About 5% fee from the secondary sales was then set to be used to sweep the floor price of CRYPTOLANDERS NFT and towards CRYPTOLAND’s development and ongoing operations.

Someone said, “Cryptoland founders haven’t actually bought the island yet. Maybe the NFT thing is an effort to raise the $12M needed to buy the island?”