Auction of ‘first ever tweet’ NFT flops badly

By Raffaele Redi

Top bid for NFT of Twitter founder Dorsey’s tweet, sold in 2020 for $2.9m, is under $7,000

Jack Dorsey's first NFT                                 
The first Tweet ever by Jack Dorsey simply said: ‘just setting up my twttr’
                                

An attempt to auction an NFT of the first ever tweet, sent by Twitter co-founder Jack Dorsey, has flopped badly, with the top bid on the OpenSea platform just $6,800, far below the $2.9m the current owner paid for the NFT in 2020.

The NFT was originally bought by the controversial Iranian-born Malaysian businessman, Sina Estavi, who announced on 7 April 2022 that he would be auctioning it off and  donating 50% of the proceeds to the charity GiveDirectly, which focuses on tackling poverty.

Estavi compared his newly-acquired tweet to Leonardo da Vinci's Mona Lisa, and told the BBC he hoped for a top bid of $50m for the NFT, adding: “It's a piece of human history in the form of a digital asset. Who knows what will be the price of the first tweet of human history 50 years from now." 

However, by noon on April 14 the highest bid for the NFT on OpenSea was 2.2 ETH, or around $6,800.

Charitable intent

The world’s first tweet was sent by Jack Dorsey at 8.50pm on March 21 2006, and said simply: “just setting up my twttr”.

Estavi, founder of the CryptoLand currency exchange and Bridge Oracle, was arrested in Iran in May 2021 and charged over alleged corruption crimes related to the legitimacy of Bridge Oracle, after which the value of Bridge Oracle's token, BRG, dived. He has now been released by the Iranian authorities and launched a new BRG token, on Binance Smart Chain. However, holders of the former token are said to be struggling to exchange their holdings for the new version.

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