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Bids for Elon Musk's Crypto-Themed NFT Pass $1M
The NFT features a gold trophy decorated with "diamond hands," a group of Shiba Inu dogs, a moon and the crypto term "HODL."
[UPDATE March 22, 2021]: Elon Musk has since said he won't be selling the NFT as it "doesn’t feel quite right."
STORY CONTINUES BELOW
Tesla's Elon Musk is auctioning off a non-fungible token (NFT)-based "artwork," with bids now over the million-dollar mark.
Tweeted late on Monday the NFT features a gold trophy decorated with "diamond hands," Shiba Inu dogs (presumably referencing dogecoin), a moon and the crypto term "HODL," all tastefully spinning and gleaming to some house music.
In typical joking style, Musk – who officially became "Technoking of Tesla" on Monday – announced the news, saying, "I’m selling this song about NFTs as an NFT."
I’m selling this song about NFTs as an NFT pic.twitter.com/B4EZLlesPx
— Name (@elonmusk) March 15, 2021
Bids for the tweet on the Valuables (by Cent) marketplace have been rolling in and, at the time of publication, the highest bid comes from @sinaEstavi at $1.12 million.
NFTs are the latest white-hot sector in the digital asset space, with celebrities lining up to launch art or music cryptographically linked to the digital tokens. On Thursday, an NFT artwork by crypto artist Beeple was sold for a record $69.3 million by major auction house Christie’s.
Read more: Musk Says He Hopes Rumors He’s in the SEC’s DOGE House Are True
Twitter CEO Jack Dorsey recently put his first tweet up for charity auction. So far the highest bid is $2.5 million, with the sale to end March 21. It's not clear so far if Musk will donate his NFT earnings to a good cause.
Tanzeel Akhtar
Tanzeel Akhtar has contributed to The Wall Street Journal, BBC, Bloomberg, CNBC, Forbes Africa, Financial Times, The Street, Citywire, Investing.com, Euromoney, Yahoo! Finance, Benzinga, Kitco News, African Business Magazine, Hedge Week, Campden Family Office, Modern Investor, Spear's Wealth Management Magazine, Global Investor, ETF.com, ETF Stream, CIO UK, Funds Global Asia, Portfolio Institutional, Interactive Investor, Bitcoin Magazine, CryptoNews.com, Bitcoin.com, The Local, The Next Web, Mining Journal, Money Marketing, Marketing Week and more. Tanzeel trained as a foreign correspondent at the University of Helsinki, Finland and newspaper journalist at the University of Central Lancashire, UK. She holds a BA (Honours) in English Literature from the Manchester Metropolitan University, UK and completed a semester abroad as an ERASMUS student at the National and Kapodistrian University of Athens, Greece. She is NCTJ Qualified - Media Law, Public Administration and passed the Shorthand 100WPM with distinction. She does not currently hold value in any digital currencies or projects.
