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The value of Ilon Musk's tweet about selling a song about NFT rose to $1.1 million

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Written by   37
8 months ago

Tesla and SpaceX CEO Elon Musk auctioned off a musical composition about irreplaceable tokens (NFT) as such a collectible token. Its price has already risen to $1.12 million. To his tweet about selling the song, Musk attached a video of a rotating gold trophy adorned with Shiba Inu dogs that symbolize the Dogecoin coin. At the top of the trophy is a table with the inscription NFT, below it is the moon, which can be taken as a reference to the phrase "To the moon", and below it appear the inscriptions "Vanity Trophy" and "Computers never sleep". The music track repeats the words: NFT for your vanity, computers never sleep, it's verified, it's guaranteed. Also on the rotating "design" is the acronym HODL, referring to cryptocurrency owners who buy them for long-term storage.

Musk's tweet was auctioned off as an NFT through the Valuables service. The value of the tweet has already risen to $1,121,000. This bid was again offered by the "collector of NFT tweets" - the CEO of the Malaysian startup Bridge Oracle, Sina Estavi. He recently participated in an auction for an NFT tweet posted by Twitter founder Jack Dorsey. Estavi offered $2.5 million for Dorsey's tweet. The auction will run through March 21, and Dorsey plans to use the proceeds for charity. Perhaps Musk, too, will find a good use for the million dollars raised from the sale of his NFT. In the comments, cryptocurrency skeptic Peter Schiff recommended that Musk have Tesla buy the NFT from him for bitcoins. Schiff joked that Tesla shareholders would be very happy to add to their collection of digital tokens.

NFTs have become very popular, especially among celebrities who are willing to launch their art or music pieces as collectible tokens. However, Litecoin creator Charlie Lee criticized the NFT industry, comparing it to the ICO boom of 2017. Lee suggested that sooner or later the prices of collectible tokens will collapse.

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Written by   37
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