This is what peak Internet culture really looks like. Tesla CEO and SpaceX boss, Elon Musk has a new job role: being a techno king.
Musk is getting in on the current ongoing NFT gold rush by selling a new electronic music track he appears to have produced as an NFT. In simpler words, he’s selling a song about non-fungible tokens, as a non-fungible token.
Musk did not include a link to the NFT, so it’s not clear if it’s already live or if Musk plans to initiate the sale at a later date. It’s also not clear on which platform Musk intends to sell the NFT – but he already has potential buyers. Musk has also changed his Twitter bio to say ‘Technoking of Tesla.’
The billionaire did share a looping video attached to the tweet Musk posted on the news. The video displays the words “Vanity Trophy” orbiting around a golden orb affixed to the top of a literal trophy reading “HODL” short for the phase “hold on for dear life.”
‘HODL’ is more than just a word Musk made up for his music video: The acronym while believed to have potentially originated as a drunken misspelling of the word ‘hold,’ is both online slang and a kind of rallying cry for the bitcoin community, for encouraging crypto-enthusiasts not to sell their cryptocurrency tokens.
I’m selling this song about NFTs as an NFT pic.twitter.com/B4EZLlesPx
— Elon Musk (@elonmusk) March 15, 2021
Musk already may have a buyer – digital artist Beeple who just sold an NFT himself.
i'll give you $69M for it. https://t.co/DMd4EEOGCZ
— beeple (@beeple) March 15, 2021
They may have even found a deal.
— beeple (@beeple) March 16, 2021
Christie’s on Wednesday said it had auctioned off a digital collage by an artist named Beeple for nearly $70 million, in an unprecedented sale of a digital artwork that fetched more money than physical works by many better-known artists.
The piece, titled “Everydays: The First 5,000 Days,” sold for $69.4 million in an online auction, “positioning him among the top three most valuable living artists.”
Christie also said it also marks the first time a major auction house has offered a digital-only artwork with a non-fungible token as a guarantee of its authenticity, as well as the first time cryptocurrency has been used to pay for an artwork at auction.
But there may be other buyers as well – for just the tweet itself. The tweet is currently listed as an NFT on Valuables platform, which allows Twitter users to make an offer on digital versions of any tweet.
— The Chairman (@WSBChairman) March 15, 2021
According to Coin Telegraph, the highest bid of $100,000 is from Twitter user mondoir — an Iran-based Bitcoiner.
“We all know Elon Musk will never sell or accept an offer to sell his tweets,” said mondoir wrote on Twitter. “My offer to buy his tweet was a strategic move as well as just to laugh.”
First of all, we all know @elonmusk will never sell or accepts an offer to sell his tweets. He wont play this game.
My offer to buy his tweet was a strategic move as well as just to laugh. So, PPPlease, dont get everything seriously 😜
* No ETH was ever paid. Its just a bid. 😉
— Amir (@mondoir) March 15, 2021
Elon Musk’s girlfriend, Grimes also recently launched and, within minutes, sold her digital art collection for $5.8 million. The art collection was titled ‘WarNymph’ and released on February 28, and sold for $5.8 million (Rs 424,891,760). The 10 artworks on the block were auctioned off within 20 minutes.
On Grimes announced the sale of her crypto art on Twitter via non-fungible tokens or NFTs on the Nifty Gateway platform. NFTs, which operate as a unique type of digital asset or token, have contributed to the crypto-art market which is valued at over $100 million.