All the trendy aspects of the crypto-space – non-fungible tokens, institutional adoption of Bitcoin, the peculiarity of Dogecoin – have found a home with Elon Musk, CEO of Tesla.
In a tweet today, the billionaire assert he would sell a musical non-fungible token, or NFT, with lyrics based on the hype surrounding the technology: “It’s verified, it’s guaranteed.” The video clip that plays the song features some diamond hands under the moon with Shiba Inu dogs – probably a reference to Dogecoin – circling.
I’m selling this song about NFTs as an NFT pic.twitter.com/B4EZLlesPx
– Elon Musk (@elonmusk) 15 March 2021
Although the song is apparently not yet available on any major market, crypto users have already found a way to test its apparent value – by drawing the tweet itself.
The Musk tweet is currently an NFT on the valuable platform, enabling Twitter users to bid on digital versions of any tweet. Less than an hour after Musk wrote about the song, the bid rose from $ 3 to $ 100,000 and included presentations from WSBChairman and NFT curator Loopify.
At the time of publication, the highest bid of $ 100,000 from Twitter user is mondoir – an Iran-based Bitcoiner. They claim that they did not include any amount of Ether (ETH) for their bid – approximately 53.89 ETH.
“We all know Elon Musk will never sell or accept an offer to sell his tweets,” said mondoir. “My offer to buy his tweet was a strategic step, as well as just a laugh.”
According to Valuables, if Musk were to accept any offer on the tweet, he would receive 95% of the ETH offer in a wallet address he provides ‘within an hour’.
Although it is unclear whether Musk intends to buy the NFT on a market like Nifty, the offer may be related to a recent Tesla submission to the US Securities and Exchange Commission. Musk said he would retain his title as CEO, but also referred to himself as the “Technoking of Tesla.”