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:

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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
#21384
By OthersideDeployer
The Scion
A young figure caught in a moment of distraction, aware only ephemerally of his unconscious being, as it engages in psychological and psychedelic layer spaces. His right arm casually cradles a moray eel; the figure is comfortable but not truly aware of the potentials for danger in such negligence. His shirt reads “Bello” in Pokemon style font, harkening back to a childhood straddling the millennial threshold. To his right side, out of the unconscious deep, shrouded alien heads propagate as a fractal totem, each new iteration a more sophisticated rendering of emotional masking over the cold mystery of the greys. As the scion of the Budgie-Sattva, the young man, in his distraction, is also simultaneously aware of higher levels of self discovery. To his left a psychological topology sets beneath the oracle side of an 8 ball ,hovering; its message a purest concept of acceptance. The “Scion” lettering is in 80’s HeMan style bold declaration. The lower right side of the painting is like a hybrid of melon, feathers, and seeds. The crystals in the background bring light; conducted, refracted, reflected, and dispersed, to balance the dark shadow of the figure’s physical body. The aura of the scion succeeds in layers to point, with a finger, and the crown chakra, toward a center of a mandala existing as nigh pure application of strokes, in essence painterly abstraction, but also revealing hints of the Aura of migraine, and the bi-hemispherical nature of the brain–noting concerns of the possibility of inherited mental disease. Yet the flourish of chakra as it sets against that center is robust, active, coherent, and reveling against all fear. Fundamentally, the piece speaks to the activation of one’s potential to begin to “Know Thyself”, and find greater awareness out of the enigmas of the mind–as an inculcated seed given to the rich soil of one’s own birthright.
Amur kitty
Shalom! I'm Amur kitty. I enjoy riding unicorns, staying woke, and licking doorknobs. My great-great-great-great-great-great grandkitty lived with Cleopatra. I hope you like kitten around as much as I do!
Not Forgotten, But Gone
Not Forgotten, But Gone by WhIsBe
Stay Free (Edward Snowden, 2021)
This unique, signed work combines the entirety of a landmark court decision ruling the National Security Agency's mass surveillance violated the law, with the iconic portrait of the whistleblower by Platon (used with permission). It is the only known NFT produced by Snowden. Produced using open source software. This auction is on behalf of Freedom of the Press Foundation. https://www.aclu.org/press-releases/appeals-court-strikes-down-nsa-phone-spying-program-aclu-lawsuit