Not how to do it - investing in NFTs

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Oopsie - that did not work out as planned...
From Gizmodo:

NFT of First Tweet Ever Secures Bid of Just $277 After Selling for $2.9 Million Last Year
Crypto investor Sina Estavi bought an NFT of Twitter cofounder Jack Dorsey’s first tweet ever for $2.9 million in March of 2021. And after a year of constant hype for NFTs, most people would naturally assume Estavi might be able to turn a nice profit on his investment by now. But most people would be wrong.

Estavi put the NFT up for auction last week, and bidding ended on Wednesday. The highest bid? Roughly $277 worth of the cryptocurrency Ethereum, at current prices, according to crypto news outlet CoinDesk.

Estavi had hoped to get as much as $48 million for the NFT and pledged to donate half of the price to charity. But that’s obviously not happening anymore. The crypto businessman has a couple of days to decide whether he wants to accept just $277 for his multi-million dollar investment. But we’d guess he’s just going to keep it.

Never saw the hype. Guess that fad has run its course... What's next?

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This page contains a single entry by DaveH published on April 14, 2022 8:03 PM.

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