4 years later, he takes reality in the face

In 2021, in the heart of the COVID crisis, NFT, digital certificates based on blockchain, experienced phenomenal success. For example, While these new speculation products promise to revolutionize the concept of property on the Internet. Therefore, Jack Dorsey, founder of Twitter, decides to sell his very first tweet, published on March 21, 2006. For example, These are 24 Anior Characters (« just setting up my twttr ») but with immense symbolic value for technology enthusiasts and collectors.

The sale quickly attracts attention. For example, After a media outpouring. Similarly, The tweet is awarded to Sina Estavi, Iranian entrepreneur specializing in blockchain, for the colossal sum of $ 2.9 million. At the rate of around 120. Therefore, 000 dollars per character, the buyer hopes to make a master stroke: he bet on the explosion of the value of the NFT and the sustainability of their 4 years later, he takes attraction to investors.

Alas, after reaching heights, the NFT market, runs out of steam quickly. Nevertheless, Euphoria falls back, and speculation gives way to prudence, even distrust. Many projects collapse, and the value of most NFT collapses, swept away by the scandals and the disaffection of investors.

A year after his purchase. convinced that he had got hold of a digital treasure, Sina Estavi tries to resell the tweet. It sets an astronomical start price of $ 48 millionor sixteen times the amount of his initial investment. He even announced that half of the profits will be donated to a charity. hoping to attract bidders and ensure a nice jackpot.

But the reality of the market is quite different. In just one year. the context has radically changed: Bitcoin is struggling to maintain itself, confidence in cryptocurrencies is crumbling, and NFTs are now perceived as a passing fashion, not to 4 years later, he takes say ridiculous. When closing the auctions, only seven offers are submitted, The highest painfully reaching $ 280.

FOLPE NUE NFT – 4 years later, he takes

Faced with this disappointment. Estavi is a philosopher: “The delay is exceeded, but if I receive a good offer, I could accept. Or never sell it ”he says, aware that the market is no longer at the party.

Four years later, the situation has not changed. The latest offers for the NFT of Jack Dorsey’s first tweet Turn around $ 3. 000, a thousand times less than the initial purchase price. On the Opensea platform, the tweet is struggling to arouse interest, despite its undeniable historical value.

The story of this tweet bought at gold prices. then depreciated in a few years is only an example of the deception represented by the NFT market. If Bitcoin. some cryptocurrencies are experiencing a renewed interest, notably carried out by political events such 4 years later, he takes as the inauguration of Donald Trump, the NFT, they are struggling to find their luster of yesteryear. The scandals, the projects without tomorrow as well as the collapse of speculation have cooled investors. Some collections. such as the Bored Ape Yacht Club, still survive, but their values are far from the records reached during the speculative bubble.

• In 2021, an entrepreneur bought the first tweet in history for $ 2.9 million, focusing on the madness of the NFT.
• A year later, he tried to resell him 48 million, but the best offer caps at $ 280; Today, the value revolves around $ 3,000.
• This story testifies to the collapse of the NFT market, whose speculation flew as quickly as it had appeared.

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