15.6 C
New York
Sunday, May 19, 2024

Elon Musk targets NFT hype

Elon Musk was recently crowned Tesla technoking. On Twitter, however, the Tesla boss continues to present himself as a court jester. Now Musk has joined the discussion about the hype about non-fungible tokens (NFT).

Elon Musk has long since enjoyed cult status just because of his ambitious undertakings. At the latest, since the tech entrepreneur has been beating the drum for the Dogecoin meme project, both publicly and with a wink, Musk tweets have become an integral part of the crypto liturgy. Not a week goes by without Elon Musk not posting at least one tweet about Dogecoin. Musk recently announced that he was going to get a Shiba Inu, the Dogecoin coat of arms dog.

Elon Musk: Sell NFT through NFT

Now Musk has turned his attention to the trend that is currently dominating the crypto space: non-fungible tokens, or NFT for short. The record prices that the sales of unique items in token form have achieved cause some observers to be incredulous. Most recently, the artist Beepl made headlines when he was able to achieve the record sum of the equivalent of 69 million US dollars at the auction for his mammoth work “The First 5,000 Days”.

The NFT hype prompted Musk to post a tweet himself suggesting an NFT. Specifically, Elon Musk jokes about wanting to bring out a video that addresses the NFT hype as an NFT himself. The video contains numerous allusions to the crypto-meme culture: Golden Shiba Inus rotate on a platform, in the middle of which two “diamond hands” are stretched into the sky. The whole thing is crowned by a moon around which the words “Vanity Trophy” circle. The word “NFT” is emblazoned in neon colors over the north pole of the moon.

The NFT record holder Beepl has already responded to Musk’s “plan” with an offer. He is offering 69 million US dollars for the NFT, writes the artist, who is obviously well versed in irony. Whereupon Musk presents him with a meme-pregnant counter-offer: 420 million Doge. It cannot be ruled out that the NFT song will actually reach a high million dollar price in the end.

Musk’s penchant for mixing business with fun has just recently fueled another bloom: In an official message to Tesla investors, Musk has given himself the title “Technoking”. Tesla treasurer Zack Kirkhorn was named “Master of Coin” in the same announcement. The inclined Hodler could also interpret this as the Master of Bitcoin, after all , Tesla shifted part of its cash reserve into Bitcoin in the spring .

Tesla investor is suing Musk over tweets

Not all Tesla investors, however, welcome the eccentric CEO’s Twitter antics . Since last Friday, Elon Musk has been facing a lawsuit by an investor accusing Musk of having severely damaged the company’s value with his tweets. Specifically, it is about his tweet from August 7, 2018, in which he publicly toyed with the idea of ​​taking Tesla off the stock exchange.

Latest Posts

Don't Miss

Stay in touch

To be updated with all the latest news, offers and special announcements.