The NFT of Jack Dorsey's First Tweet Was Purchased For 2.9 Million Dollars- It's Worth Less Now... Way Less

The first-ever tweet of Twitter co-founder Jack Dorsey was sold as a non-fungible token for a whopping $2.9 million in 2021, but as the hype surrounding NFT fizzled down, the digital collectible's value also dropped. It is now only worth less than $4.

Crypto entrepreneur and Iranian investor Sina Estavi purchased Dorsey's first tweet as an NFT for $2.9 million, associating the collectible's value with its uniqueness and its link to the major social media platform.

A couple of years later and with the hype surrounding the once-booming industry winding down, the NFT's value plummeted to only $3.77, according to data from OpenSea, an NFt marketplace.

Estavi's efforts to sell the NFT for $48 million in 2022 proved futile despite the fact that he promised to give half of the proceeds to charity.

When NFT's first popped up on the scene, people were torn. Some said they were gonna be the new gold. That art would be transferred through NFTs and through NFTs alone. While some heralded NFTs as an uber-revolutionary step in ownership and creativity of fine arts like tweets and memes, others harbor doubts about their sustainability and long-term worth. Those people were thought to be "old" or "idiots" or "morons" or "ginger-bearded-fucks." But it turns out that the doubters might not be "fucking idiots" as previously believed. 

But just because I was smart enough to not throw my money down an internet wishing well, casting judgment on those who invested in NFTs might not be fair or compassionate. In fact, gloating about not being poor might even be considered bullying. As with any investment, the path to success can be unpredictable, and some might face disappointments along the way especially if you threw 2.9 million dollars at something that was always and will always be worthless. 

That being said, I love it when people get what they deserve. I love the fact that some rich asshole has his OR HER prized little tweet possession ruined because people can copy/paste or drag and drop. Truth be known, Im still not entirely sure what an NFT is but I am glad that people are losing their asses on it. Besides Twitter itself, there is nothing that Jack Dorsey could make that would be worth 2.9 million dollars. Nothing.

2.9 million dollars for this. 

Two point nine million dollars for this. 

Someone actually paid 2.9 million dollars.

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You can also buy this house for the same price.