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The famous token reading “just setting up my twttr” is now worth only $10 to $100.
Back in March 2021, entrepreneur Sina Estavi bought it for $2.9 million, and in 2022 he unsuccessfully tried to sell it for $48 million —-with real offers reaching only a few thousand dollars at most.
How does this affect the market?
This story shows how overvalued the NFT boom was and how quickly speculative demand can disappear. The market is becoming more mature, with investors increasingly focusing on projects with real value rather than hype.
#b-world #crypto #news #NFT #JackDorsey
