We've all made some bad investments over the years—a bum stock, a baseball card that goes nowhere, a Ponzi scheme or two—but you've probably never done anything as bad as this:
A millionaire investor bought an NFT of the first-ever tweet for $3 million and he expected to get nearly $50 million for it at auction... but the highest bid was $277.
Crypto investor Sina Estavi bought an NFT of Twitter cofounder Jack Dorsey's first tweet ever for $2.9 million in March of 2021. And after a year of constant hype for NFTs, most people would naturally assume Estavi might be able to turn a nice profit on his investment by now. But most people would be wrong.
Estavi put the NFT up for auction last week, and bidding ended on Wednesday. The highest bid? Roughly $277 worth of the cryptocurrency Ethereum, at current prices, according to crypto news outlet CoinDesk.
The crypto businessman has a couple of days to decide whether he wants to accept just $277 for his multi-million dollar investment. But we'd guess he's just going to keep it.
https://notthebee.com/article/a-millionaire-investor-bought-an-nft-of-the-first-ever-tweet-for-3-million-and-he-expected-to-get-nearly-50-million-for-it-at-auction-but-he-only-got-277
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