- Jack Dorsey’s first tweet was sold for a whopping $2.9 million.
- And the most recent bid dropped down to a mere $97.
- Twitter user WSBChairman says nobody owns a tweet, but only a screenshot of the tweet as an NFT.
For the first time in Twitter history, a tweet was sold as NFTs for literally $2.9 million in March 2021. Nobody could believe such a thing to occur ever since the early dawn of the internet.
However, things have de-escalated since then. Now, the most recent bid is a mere $97, experiencing a major drop in price and value.
In March 2021, the first tweet ever sold as an NFT for $2.9 million.— Chairman (@WSBChairman) October 14, 2022
The most recent bid is $97. pic.twitter.com/s8VdBApOao
According to Twitter user WSBChairman, a huge loss of 99.996% was incurred in just one year. “The best part is that the NFT is just a screenshot of the tweet. He doesn’t actually “own” the tweet,” WSBChairman further stated on Twitter, and espoused elaborately on other platforms.
Crypto Twitter users are saying that money laundering will be exposed soon in the future, while another user replied to WSBChairman stating, “Shit I’ll pay $97 for it and hang it on my wall just for the laughs.”
After looking at the Twitter thread, Twitter user Sean Powell also comments, “Not exactly ‘One small step for man, one giant leap for mankind.’”
From all this, we come to an understanding of the volatile state of the money value of NFT-based digital assets, especially tweets as NFTs. There is, indeed, some novelty value, but the question remains if this sort of investment is really worth the bucks in the long run.