According to a recent tweet from the self-acclaimed Chairman of the Wall Street Bet, a Reddit subgroup known for financial-related discussions, the first tweet is now worth as low as $97. This loss corresponds to a 99.996% loss since the time it was auctioned.
At the height of the Non-Fungible Token (NFT) storm in 2021, Jack Dorsey made history in the ecosystem as his first-ever tweet was auctioned for $2.9 million, a fund he donated to an African charity.
The transaction was celebrated by many in the ecosystem, who acknowledged the understanding of the buyer, Sina Estavi, as it regards the significance of NFTs and the technology backing it. While Estavi, a crypto entrepreneur who owns Bridge Oracle, boasts of being the owner of the world’s first-ever tweet, the monetary value of an investment that is considered to be better than real estate is not encouraging at all.
While the figure represents the best offer presented to Sina for the tweet, this does not imply that the owner has...
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