Just came across one of the most brutal NFT stories that still hits different. Remember Sina Estavi? This entrepreneur made headlines back in 2021 when he dropped $2.9 million on Jack Dorsey's first tweet as an NFT. At the time, the whole NFT narrative was absolutely exploding, and everyone thought digital collectibles were the future.

Fast forward to 2022, and Sina Estavi decided to cash out. He listed that same tweet NFT for $48 million—yes, you read that right—and even promised to donate half the proceeds to charity. Sounds like a win-win, right? Except... the market had other ideas. The NFT barely got any traction. Out of all the potential buyers, it only received 7 bids. The highest bid? $280. Not thousands, not hundreds of thousands. Two hundred and eighty dollars.

Today, that NFT just sits in his wallet collecting digital dust. We're talking about an asset that's now worth basically nothing—not even worth keeping track of at this point.

The wild part is Sina Estavi was running a crypto exchange at the time, so you'd think he'd have the insider knowledge to time the market. But here we are. This whole saga is like the perfect case study for why chasing narratives can be so dangerous. NFTs had their moment, the hype peaked, and then reality set in.

Makes you think about what narratives we're chasing right now and which ones are actually built to last. What's your take on this? Do you think we've learned anything from the NFT bubble, or are we just repeating the same cycle with different assets?