Twitter founder Jack Dorsey's first ever tweet sold as an NFT for $2.9M in 2021 and now it's worth under $5
Twitter founder Jack Dorsey saw his very first tweet become one of the most expensive things ever sold in the NFT world when it fetched $2.9 million in 2021 during the peak of the crypto craze.
The tweet, which simply read ‘just setting up my twttr’, was turned into a non-fungible token and bought by crypto entrepreneur Sina Estavi at a time when digital collectibles were selling for unbelievable cash.
But years later, the value of that NFT has completely collapsed.
The token linked to Dorsey’s famous first post is now reportedly worth under $5, making it one of the clearest examples of how dramatically the NFT market has fallen since its boom years.
Jack Dorsey’s first ever tweet became one of the biggest NFT sales in history
Dorsey originally posted the tweet back in 2006 as Twitter was just getting started.
Fifteen years later, the social media post was auctioned off as an NFT through a blockchain platform that allowed buyers to purchase ownership certificates connected to digital content.
It was crazy in the normal world, let alone the crypto world.
At the height of the NFT craze, collectors were spending millions on digital art, memes, videos, and internet history moments, believing the technology would completely transform ownership online.
Dorsey’s tweet quickly became one of the most talked-about digital crypto sales of the era because of its status as the very first tweet ever posted on the platform.
It now costs less than a cup of coffee
As cryptocurrency prices dropped and interest in NFTs faded, many once-hyped digital collectibles lost almost all of their value.
Some NFTs that sold for huge sums during the boom years now struggle to attract buyers at all.
Dorsey’s tweet has become one of the most dramatic examples of that collapse, with reports suggesting the NFT is now valued at less than $5.
Even so, the tweet itself still remains a huge part of internet history as the first-ever post on Twitter, the social media platform that would eventually become one of the biggest in the world before later being rebranded as X.
The rise and fall of the non-fungible token linked to the tweet perfectly captures just how wild the crypto market became during the early 2020s.