The non-fungible token (NFT) market is highly unpredictable, as evidenced by the recent auction held on the OpenSea platform. The head of the Malaysian blockchain service Bridge Oracle Sina Estavi, put up for sale the first tweet of the Twitter microblogging service, which he acquired a year ago for $2.9 million, expecting to receive $48 million for it. The auction lasted seven days, however, no one was willing to pay for the NFT token.
However, there were no people willing to pay for an NFT asset any large amount, calculated in millions of dollars. The auction closed on Wednesday. In total, seven offers were submitted to buy, the largest of which was 0.09 Ethereum ($277 at the current rate).
According to the terms of the OpenSea auction, Estavi can either accept or reject bids. He stated that he is open to additional offers, although it is not clear how this is consistent with the auction rules on this marketplace, and the maximum bid is now 1.5 Ethereum (about $4631).
On sale for $48 million, ‘Jack Dorsey’s First Tweet’ NFT gets a bid of $280
Recall that the first tweet on Twitter “just setting up my twttr” was published by the head of microblogging service Jack Dorsey on March 21, 2006.
Gizchina News of the week
The richest man in the world, Elon Musk, said he is ready to buy the social network Twitter for $43 billion, writes Bloomberg. The businessman stated that this was “the best and final offer”.
Musk’s current offer exceeds the market value of the social network’s shares by about 18%. At the time of writing, the price of each security was $45.85; and the company’s total market capitalization reached $36.71 billion.
In his letter to the board of directors, the businessman said that Twitter will not thrive and serve social ideals in its current form. He believes that the social network should be transferred to private hands. Musk also emphasized that he does not trust the current management of the platform; and if the deal does not develop, then he will have to reconsider his position as a shareholder of the platform.
Musk is one of the most followed Twitter accounts. More than 80 million people have subscribed to his account. A few weeks earlier, he announced the purchase of a 9% stake in the social network; submitting the relevant documents to the Securities and Exchange Commission (SEC). After that, he was offered a seat on the board of directors of Twitter, but the businessman refused.