The very first tweet ever posted on Twitter was turned into an NFT token and sold by owner Jack Dorsey for $2.9 million. But today the auction sells it for a small percentage of the cost. The highest current bid for trying to put it up for auction is 10.3 ETH (or $31,739) on the OpenSea NFT market. And last year, the token was sold for 1,630 ETH.
The current owner of the NFT tweet, Bridge Oracle founder Sina Estavi, hoped to sell it for at least $50 million, half of which he planned to donate, according to his Twitter post.
However, Estavi greatly overestimated the importance of the token . When he originally posted it on OpenSea, the highest bid was around $277. Currently, the average bet is around $8,731.
The reason may be a general decrease in the hype around the crypto industry. Although NFT trading volumes have been rising over the past month, they are still far from their all-time highs.
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Despite declining interest in the NFT space at the moment, some enthusiasts are trying to get caught up in the wave. For example, the New York Liberty women’s basketball team is preparing to release an NFT collection to celebrate the start of the league’s 26th season. The release is slated for May 7, when the team plays a home game against the Connecticut Sun.
A collection of 400 NFTs will be created before the start of the game and sold at Polygon for $50 each. By purchasing a ticket to the game and whitelisting their wallet address by May 1, the fan will receive NFT for free . Ticket prices start at $55.
Each token is an animated image of a bottle of nail polish, which also says that it is from a home game dedicated to the opening of the season.
As basketball teams prepare for the new season and the launch of NFT collections, hip-hop and NFT star Snoop Dogg is growing metaverse-connected green farms. Snoop Dogg combines his two passions by partnering with the MOBLAND platform to create weed farms.
MOBLAND plans to release a limited collection of digital NFT farms along with content from NFT artist Champa Medici. This type of farm will become a new grow-to-earn concept on the platform, which offers special utility and benefits for digital land owners.
