Elon Musk Turns Down $1M Offer For a Tweet NFT
- Elon Musk’s NFT tweet received a bid of more than $1 million in less than two days.
- Despite the frenzy around his NFT tweet, the CEO of Tesla decided not to sell his “artwork”.
Tesla and Space X CEO Elon Musk in Washington DC, United States, October 2020. Shutterstock
The CEO of Tesla and SpaceX, Elon Musk, has decided to “pass” on selling his tweet as a non-fungible token (NFT), even though he received an offer of more than $1 million.
The new “Technoking of Tesla” tweeted on Monday he had decided to sell a song “about NFTs as an NFT”. His tweet contained a short video loop of a golden trophy — labeled as “Vanity Trophy” — decorated with Shiba Inu dogs, representing his favorite dogecoin cryptocurrency, a moon, and the words HODL. Musk’s “Vanity Trophy” NFT also included a song with the lyrics “NFT for your vanity. Computers never sleep. It’s verified. It’s guaranteed”.
His tweet quickly found its way to the Valuables marketplace — a platform launched by blockchain-based social media network Cent — where it was put for auction. In mere hours the tweet, written in Musk’s joking style, gathered popularity, and eventually received an offer of $1.12 million.
Following this NFT craze over his tweet — which was probably meant as a joke — Musk decided not to sell his “artwork” on 17 March, tweeting:
“Actually, doesn’t feel quite right selling this. Will pass.”
Musk’s “joke” tweet follows the record setting auction of Beeple’s NFT art piece “Everydays: The First 5000 Days”, which is a collage comprised of 5,000 unique images created over a 14 years period. Auctioned on the prominent Christie auction house, the NFT reached a price of $69.3 million before it was sold.
- The Google Play store has changed its policy on digital assets, and will now allow developers to incorporate NFTs into their apps and games on the platform.
- Publishers will have to follow certain rules, however, such as maintaining transparency regarding the use of NFTs and not allowing gambling in their apps and games.
Shutterstock
- Twitter CEO Elon Musk changed the social media platform’s iconic blue bird logo with that of the famous meme cryptocurrency on Monday, causing a 25% surge in DOGE price.
- The icon change was made only a couple of days after Elon Musk tried to dismiss a $258 billion lawsuit that alleged he had used his social media presence to manipulate the price of DOGE.
- Elon Musk’s poll on whether he should step down as the CEO of Twitter has ended with 57.5% of users favouring the change.
- The poll was launched shortly after a backlash from users over a new Twitter policy, with Musk vowing to “abide by the results of this poll”.