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.