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In a March 15 tweet, Tesla CEO Elon Musk announced the sale of his new Techno music track produced as a non-fungible token ($NFT).
Another $NFT Craze
The track, which is about NFTs, features an animated gold trophy inscribed with “vanity trophy” and “HODL.” The musical non-fungible token also displays a moon with Shiba Inu dogs, a likely reference to the meme-centric Dogecoin.
The billionaire did not include a link to the $NFT, so it remains unclear whether it is available on any popular market places like Nifty. Nevertheless, Crypto Twitter has tokenized the post and listed it on the Valuables platform. Bidding for the $NFT song currently ranges from $3 to $100,000, with the highest bid coming from an Iran-based Bitcoiner.
However, Musk appears to have settled for the offer from Beepl, who himself sells digital artwork in the form of NFTs. In a tweet published a few hours ago, the digital artist offered Musk $69M for his electronic music track, but the billionaire countered with a request for 420M $DOGE instead.
Interestingly, the techno track sale occurred after Musk was given the new title of “Technoking of Tesla” by his California-based startup in an SEC filing on March 15.
Tesla Boss Jumps on The $NFT Train
Musk’s move to get in on the $NFT craze sees him follow in the footsteps of his spouse and electro-pop musician Grimes, who sold her digital art collection dubbed “WarNymph” as an $NFT for $5.8M last month.
The buyer of the SpaceX CEO’s $NFT also recently made headlines after selling the most expensive $NFT ever. Beepl, who had already sold off $3.5M worth of art via Nifty Gateway in the previous year, sold his latest digital artwork for an unprecedented $69.4M on March 10.
Besides Musk, other tech CEOs are showing interest in joining the NFTs gold rush. For instance, Twitter founder Jack Dorsey just auctioned his first-ever tweet as an $NFT and plans to donate the earnings to charity.
Musk Advocates For $DOGE Listing on Coinbase
Elon musk has long come out in support of cryptocurrency, especially the meme-based dogecoin. The celebrity investor now wants the US-based Coinbase exchange to end its “No $DOGE Allowed” policy.
In a March 13 tweet, Musk responded with an exclamatory “Yes” when asked by a user on the social platform if Coinbase should allow $DOGE on its trading platform.
A listing of the Shiba Inu-represented crypto on Coinbase, a regulated exchange synonymous with high-net-worth investors, would open up the coin to institutional buying and plausibly unleash its potential.