The NFT trend, which has taken the crypto money world by storm and whose prices reach tens of millions of dollars, is reversing.
Jack Dorsey’s NFT part was trashed
In late 2020, when the NFT wind was just beginning, Jack Dorsey turned his first Tweet message into NFT and put it up for sale. In early 2021, famous entrepreneur Sina Estavi bought NFT, which was worth $2.9 million at the time. Estavi expressed that he trusts the uniqueness of the NFT trend and that Twitter is also very valuable.
Elon Musk wants Twitter to be open source
However, the price of this valuable NFT has bottomed out. Estavi auctioned NFT last week, valuing it at $50 million. However, a maximum of $280 was offered. The total of the bids given remained around 10 thousand dollars and there was a decrease of around 99 percent. Estavi states that he does not know why such a decrease has occurred, but he will definitely not sell it below 50 million dollars.
NFT, which prevents copying by assigning unique contract addresses to works, actually has significant potential, but it is seen as a way to get rich in this period. Maybe this way it will get the function it should have.
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