The NFT issue is something that will be discussed at length, articles and thesis will be written in the coming period. Some people think it’s an opportunity like the one in the early days of the cryptocurrency market and try to keep the head of the water; Others see it as meaningless and unnecessary.

The answer to questions such as which side is right or if there is a fully justified side between the parties is quite long, so I do not go into these issues at all now. The subject of our news is an investor/business person named Sina Estavi from Iran or, in his own words, a “crypto entrepreneur”. Estavi bought a digital token last year for $2.9 Million. This token is related to the first tweet sent by Twitter founder Jack Dorsey.

Estavi, who invested such a large amount in Dorsey’s first post on Twitter, clearly expected to make a huge profit from this investment within a year; He planned to auction off the NFT and sell it for as many as $48 million. But the account at home didn’t match the market. He talked about millions of dollars, but the highest bid was $277, followed by another $3,600.

Estavi was sentenced to prison nine months ago on charges of “disrupting the economic system”, and as soon as he got out, he appeared to have taken over NFT, token etc. again. But it’s fair to say he didn’t find what he was waiting for. As a result, there are offers that are far from the amount he has invested; Naturally, he’s stopped selling.

This example is one of the examples that points to how speculative the market is right now. I don’t know what’s going to happen in the future, but I’m pretty sure I’m never going to spend a million dollars buying a tweet 🙂