Two years ago, Jack Dorsey turned the first-ever tweet into an NFT, which was sold for $2.9 million. However, the recent ground-floor bid for Dorsey's NFT is now only $1.14. The current owner of the NFT, Sina Estavi, intended to sell it for $48 million, but market dynamics have made this impossible.

The NFT market has experienced a sharp decline, with the weekly sales count recording its worst performance since June 2021, and internal disputes within the NFT space have added to the market volatility.