Man who paid $2.9m for NFT of Jack Dorsey’s first tweet set to lose almost $2.9m

‘This is the Mona Lisa of the digital world’, says crypto entrepreneur Sina Estavi who bought the NFT in March 2021

Highlights

Sina Estavi bought the NFT of Jack Dorsey’s first tweet in March 2021 for $2.9m.
The initial purchase was at the time among the most expensive sales of a non-fungible token.
Estavi put the tweet up for resale on the popular NFT marketplace OpenSea last week, initially asking for $48m.
That price tag was removed after offers in the first week were in the low hundreds of dollars.
As of Thursday, the highest bid was 2.2 of the cryptocurrency ether – equivalent to about $6,800.
NFTs are a form of crypto asset which can record the ownership of digital file such as an image, video or text.