15/04/2022 Guy Buys NFT For $2.9 Million, Asks for $48 Million, Is Offered $3600

bad nftPhoto:Romilly Lockyer / Kotaku(Getty Images)

Sina Estavi is a “crypto entrepreneur,”who last year bought a digital token representing Twitter founder Jack Dorsey’s first ever tweet. He paid $2.9 million for it, and this month sought to make good on his “investment,”putting it up for auction with an expectation it could net him $48 million. It did not.

AsCoinDeskreports, Estavi put the NFT up for sale on April 9, hoping to get around $50 million for it, and then donate “at least $25 million” of that sum to charity. That’s an ambitious figurefor something we can all see, screencap, download,andenjoy below for the cost of just a few seconds of our time:

An auction for the NFT was held, and of the handful of bidders taking part, the highest offer was for...$277. A subsequent offer has since come in for $3,600, but that is still a colossalway off $2.9 million, let alone $48 million. “The deadline I set was over, but if I get a good offer, I might accept it, I might never sell it,”Estavi toldCoinDesk.

The timing of the sale is certainly interesting. Estavi was just released from prison in Iran, where had spent nine months after being arrested on charges of “disrupting the economic system.”In that time his cryptocurrency ventures crashed, and his attempts to appease those burned by that collapseare being met with scepticism.

Estavi’s auction also came at a time when NFT sales tracked on Opensea—the single largest marketplace in the space—were down around 50% in 2022, from almost $5 billion in January down to $2.5 billion in March.This decline has sparked movesfrom “blue chip” NFT owners to search for “alternative uses” for their tokens, which is a fascinating development,in that it implies there was ever a use in the first place.

Arts

https://kotaku.com/nft-jack-dorsey-sale-auction-sina-estavi-iran-prison-cr-1848791322/amp

Interesting NFTs
Enhanced Interrogation
Continuing the exploration of well known algorithms, this work delves into pixel sorting. The works of several cubists were first averaged with custom averaging software and then sorted with a bespoke pixel sorting algorithm. All tools were written in javascript, for masochistic reasons.
YouTube Lab
YouTube logo factory. 10-second loop, 30 fps. Created using Cinema4D, X-Particles, TurbulenceFD, Octane, and After Effects.
Alex in Wonderland
A figure, Alex, stands mostly naked in the midst of a physical and psychological maelstrom. He is clad only in nostalgic 80’s era socks, on a tenuous island between active waters and a variety of shark denizens. Sharks on the right side of the image are all beached, including a shark with a quartz crystal snout, an orange shark wrapped in a life buoy, and a shark further in the distance wearing an 80’s style shirt with the number “88”. On the left side is the largest shark, wearing bright glossy red lipstick and brandishing prominent teeth with braces. She is cordoned off from the figure by a roped float divider, and within her thought bubble is a warning symbol. Behind the figure, hovering in the air, are Grey aliens emerging from the distance, out of a series of elliptical UFO shaped interdimensional membranes. The Greys take on the visual form of spermazoa ostensibly impregnating the interdimensional thresholds. As is typical, these Greys inhabit a zone just behind the unconscious topology of Alex’s dissociative mind. Though Alex’s bottom half is representative, his top half mutates into a psychological cornucopia. In a manner akin to “Auto-Erotic Sphinx”, a predecessor work, the figure has self suctioned—an act of sensual infatuation, enjoyment, and exploration. Upward exists the figure’s primary conscious eye, adorned with a revolutionary beret emblazoned with a Bitcoin badge. The figure’s summit features the nose of a fighter jet facing off against video game Bullet Bills, one of whom is marked by a communist North Korean star. A cropped section of a UFO observes the contest. Alex’s mind branches both left and right. To the left is more singular embodied consciousness, manifesting two eyes and a Ganesh trunk grasping crayons. The right branch dissociates upward diagonally, emerging into an array of eyes, faces, teeth, tail, a unicorn horn, and much more—all of which participate in expressing his unconscious being; a democracy of psychic factions representing thought impressions and associations. All illumination and darkness– fernal, infernal, high consciousness and corporeal underbelly–reside in this realm. In the distance are relatively languid, light clouds, and against the firmament hovers a colossal distant eye peering over the scene and far beyond. This painting possesses underlying genetic traits with previous works such as “Auto-Erotic Sphinx with Toys”, “Dionysus”, and “Fuku-Shiva”. The work serves also as a nod to an earlier period of art inspiration during late teens and early twenties— born out of the nakedness, vulnerability, curiosity, and wonder inherent to coming of age and all subsequent psychedelic revelation.
HaCKittieZ
Who will be the most Meowfool of the Meowfoolest?! 6 HaCKittieZ are fighting for the crown of madness! It is time for crowns to change their history: people, this is the crown of insanity we are talking about. So tell us, who is insaner than the insanest of collectors? Only the artists - the creators - would know, while crowning the one who is brave enough to play with the craziest possibilities of Async programmable art, on these 6 HaCKittieZ. Welcome to the feast of fools. HaCKittieZ is a collaboration of Hackatao, CryptoKitties and Async. The 6 KittieZ are a reinterpretation by Hackatao of the CryptoKitties’ classic elements, following their own style and getting inspiration from their own art pieces.
CryptoKitties
Hey cutie! I'm Kitty #402367. In high school, I was voted most likely to work at NASA. In my free time, I can usually be found petulant or talking about how much I lift. I look forward to slappin' da bass with you.