NFT entrepreneur Sina Estavi lists Jack Dorsey's first tweet for $48 million, but the top bid is only $6856

The co-founder of Twitter, Jack Dorsey’s first tweet “just setting up my twittr” is in news once again. In 2021, Italian Crypto entrepreneur Sina Estavi purchased Jack Dorsey’s first-ever tweet as a non-fungible token or NFT worth $2.9 million; he is struggling to sell it now. Sina tried to auction the NFT at the NFT marketplace OpenSea for $48 million but was taken back when the highest bidder proposed its value as 2.2 Ether or $6,856.

Sina Estavi compares the value of Jack Dorsey's first tweet to the painting of Monalisa by saying that people, at present, are not aware of its true value and believes that someone like Elon Musk deserves the token. He claims to sell the NFT and donate half of the profits.

What are the NFTs?

• NFT translates into ‘Non Fungible Tokens’ and is the unique digital assets traded on the web and managed through a digital ledger. These assets may include photos, music, videos, or trading cards.
• Even a piece of advanced collectible characters in digital form and a virtual post can be bought as an NFT.
• Every NFT is unique in its own way, as it has an identification code and metadata.
• Having NFT does not make you the true owner of that asset; you just receive the original file's link location which is present somewhere on the web.

How to buy or sell NFTs?

• One can easily use different websites available on the net to buy or sell NFTs.
• There are two known ways to sell them. The first is to simply own them. The other one is to mint them. Minting NFTs are straightforward on sites such as SolSea.io and OpenSea. Once you stamp the NFT, you can access any of these sites to sell them.