The NFT of Twitter co-founder Jack Dorsey’s first tweet is struggling to sell after its owner paid $2.9 million for it.
Crypto entrepreneur Sina Estavi bought the NFT last year as an investment. He put it up for auction this month, but was disappointed by the response.
Estavi listed the NFT for $48 million and said he would give 50 percent of all proceeds to charity.
At the time of publishing, the highest offer was 3.8 ETH, equivalent to about $11,550.
He previously told the BBC he “may never sell” the NFT unless he got a “high bid”, but did not stipulate a price.
Despite the lacklustre interest, Estavi believes in the NFT’s value, telling Reuters: “This is the Mona Lisa of the digital world.”
A few days earlier Estavi claimed he had been offered $10 million for the tweet.