From $2 million to just $1.62. Story of a failed NFT – Katoch Tubes
The Failed NFT
The Failed NFT
The Crypto Bear Market
The Crypto Bear Market
2022 has been the worst year for cryptocurrencies and NFTs. From Altcoins to top NFTs, everyone's facing the heat.
The Tweet turned NFT
The Tweet turned NFT
It was Jack Dorsey, the founder of Twitter turned his first tweet into NFT that sold for 1630 ETH, equalling to $2.91 million
The failed Resale
The failed Resale
Bought by crypto entrepreneur of Iranian origin. He tried to resale the NFT in April 2022 for $50 million. It received just 2 ETH as highest bid worth $6K
Road to $1.62
Road to $1.62
The NFT has further slumped in value with the lowest bid now offering to buy NFT for just $1.62 while highest at $243.
More Value Erosion
More Value Erosion
The NFT tweet has lost more ground after Elon's acquisition of Twitter. Jack is an old story
Biggest NFT losers
Biggest NFT losers
Check out the biggest NFT losers in the down market