Man Loses 2.9 Million With Foolish Investment
People don’t even feel bad for him.
If you know what an NFT is then you are already probably laughing.
However, if you are someone who doesn’t know what an NFT is, it is a highly risky investment option where crypto-traders are purchasing digital images costing insane amounts of money and then reselling them in hopes they make a profit.
This all began when crypto entrepreneur Sina Estavi dropped an astounding $2.9 million dollars in March 2021 to purchase an NFT of the first tweet ever made on Twitter by the founder of the company Jack Dorsey.
Estavi then recently put the NFT of Dorsey’s tweet up for sale at an astounding cost of $48 million.
Sadly however, Estavi’s useless NFT dropped in value by 99.8% because no other NFT buyers found any interest in it. Currently the top offer for the NFT sits at just $6,800.
People across the internet are laughing hysterically at Estavi’s invesment blunder and many people are even claiming that Estavi got what he deserved making such a foolish investment.
Jack Dorsey’s First Tweet NFT
March 2021: Bought for $2.9 million
April 2022: Re-listed for Sale at $48 million
Today: Current Best Offer – $6,222.36https://t.co/P0u3l83hto pic.twitter.com/7X3Rq8kBvu
— Matt Navarra (@MattNavarra) April 14, 2022
