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.
Musk already may have a buyer – digital artist Beeple who just sold an NFT himself.
They may have even found a deal.
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.
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.