Maturing NFT market! A move from digital collectibles to utility
Twitter Inc. founder Jack Dorsey's first tweet which was converted to a nonfungible token (NFT) last year and sold for $2.9 million, recently received the embarrassing top bid of less than $14,000.In the meanwhile, the NFT global sales have plunged 41% after their record highs of $4.64 billion in January this year.
Dorsey's first tweet which reads, "just setting up my twttr," was bought by Sina Estavi, CEO of Malaysia-based blockchain company Bridge Oracle last March. Estavi listed it on an NFT marketplace called OpenSea earlier this month, expecting it to sell for at least $50 million. In the meanwhile, the NFT global sales have plunged 41% after their record highs of $4.64 billion in January this year.
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