The NFT containing the content of the first Twitter post, which belonged to Twitter founder Jack Dorsey, will be able to change hands for as little as $280. The current owner of this NFT put it up for sale for $48 million last week.
Iranian-born crypto investor Sina Estavi bought the NFT for $2.9 million in March last year. Last weekend, he announced he was auctioning it, and confirmed that he would use 50% of the auction proceeds for charity. Estavi thinks the amount of donations could be as high as $25 million.
The auction ended Wednesday, with bids ranging from 0.0019 ETH to round 2 ETH, between $5.91 and $6,222. The highest bid and ETH/USD rate were both recorded at the time of writing.
“My deadline has come, but if I get a good enough offer, I can sell it, which may never be sold.,” Estavi told Coindesk magazine via WhatsApp.
Estavi will have 3 days to approve the bid of the highest willing bidder (2 ETH), otherwise the sell order will expire.