🚨 HUGE LOSS: Meet Sina Estavi who Bought NFT for $2,900,000 and Today the NFT is worth $0
Sina Estavi, an Iranian-Malaysian entrepreneur and CEO cryptoLand exchange based in Malaysia but largely marketed in Iran.
Estavi bought the NFT of the first tweet in history for $2,900,000. A tweet made by "Jack Dorsey" the founder of twitter social platforms and later auction as nft.
He paid $2.9 million for the NFT, slightly outbidding Justin Sun in 2021 when NFTs narratives exploded.
In 2022, Sina tries to sell the Jack's tweet NFT, lists it for $48 million with promises to donate 50% to charity. Unfortunately the NFT received only 7 bids with highest bidding $280.
Today the same NFT is sitting worthlessly in his wallet, not even worth $10.
One lesson learnt: Stop chasing narratives, they don't last forever...
What do you think about NFTs???