This dude back in 2021 bought the NFT of the first tweet in history for $2.9M calling it digital Mona Lisa and now it’s worth $10.

https://i.redd.it/ibfrxt3wtrfg1.jpeg

50 Comments

  1. TheGreatCryptopo on

    Ah the NFT craze. So many made a quick buck. So many holding something as useless as 2nd hand toilet paper.

  2. Where does it show it’s only worth $10? People still buy high valued NFTs. $10 seems super fake

  3. He can sell it for $10 to a “friend” and offset the loss for the gain.

    These guys should have tens (if not hundreds) of millions of unrealized capital gains

  4. I would fact check this claim, it sounds wrong when a random nobody like myself is willing to pay at least $11

  5. DrCrazyCurious on

    Been saying since NFTs first became a hype:

    NFTs *as a technology* are an awesome idea for logistics, ownership validation, and other on-chain management of real world *things*.

    But NFTs are worthless on their own. Owning an NFT of an image of a monkey? Owning an NFT of a tweet? Worthless. Absolutely worthless. Or in this case, worth 0.00034% of the original investment.

  6. The clue to NFT values is that before people even heard of them, they would have had no value. It was meaningless. People ascribed arbitrary value to the after that and it was obvious they were all going to nothing. NFT assets would one day return to the value they started with: nothing, or $1.00 etc.

  7. I always felt most of the really high dollar NFT sales were just straight up money laundering. With occasional deluded idiots thrown in for good measure.

  8. One of the few NFT projects that actually built something and is still using the concept of nfts the right way is Asprey Studio… All NFT’s come with a 18 kt golden ring which’s gold value currently is close to floor price. IRL events in london, art gallery that is actually doing really well. Exclusive collabs with Marvel, Bugatti etc.

  9. Ahh NFT’s my first short term big hit.

    And not even on NFT’s but i was sitting on a buttload of theta and tfuel.

  10. The only use case for NFT’s is to allow users to own their loot in video game marketplaces. Unfortunately very few games have done it correctly and none of them could be classed as AAA.

  11. First – this nft is not on sale as of today so you can’t know the price (definitely not millions today but who knows about future). Second – crypto is roller coaster which means – today you are laughing, tomorrow you are crying from fomo and that’s on repeat.

  12. It’s worth what someone is willing to pay for it and that’s obviously more than $10. There are a lot of morons out there. Including the one who paid $2.9M for this.

  13. Strict-Shopping3538 on

    I remember Gary Vaynerchuk spouting how NFTs were going to be huge and we should all buy what we could. Thats when I knew they’d be a monumental flop.

  14. grimmergrimmergrimme on

    you’re all missing the hilarity of how hyped he was to sell it only to realise no one cared lol

  15. I knew there was someone our there who bought something more useless than the things I bought!

  16. It’s only worth $10 if he actually sold it for $10, and I hardly doubt that he did that.
    Since it’s non-fungible, there’s no evidence of a market price. That’s kind of how non-fungible assets work

  17. It’s only worth $10 if someone actually pays $10 for it. Until then it’s schroedingers waste of money

  18. Apprehensive-Bend478 on

    Watched as my coworker purchased one of the stupid ape ones for $12k, telling me how he’s now part of an elite and exclusive community that among other things received certain concert tickets at a discount. Kept insisting that I just didn’t understand how NFTs worked and that he’s going to sell it for a million dollars, it’s now worth around $5, way to go Scott, you really showed me.