Elon Musk joins NFT craze with techno song about them
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Elon Musk decided not to cash in on the NFT craze after all — turning down an easy million bucks in the process.
The billionaire “Technoking of Tesla” released a thumping electronic song about the red-hot digital assets also known as non-fungible tokens and put it up for auction.
But Musk reversed course Tuesday after his techno track fetched a $1.1 million bid that he’s decided not to accept.
“Actually, doesn’t feel quite right selling this. Will pass,” Musk tweeted a day after sharing the song with his 49 million Twitter followers.
The leading offer for Musk’s musical creation came from Sina Estavi, the CEO of CryptoLand, a Malaysia-based cryptocurrency exchange. He also runs another company called Bridge Oracle, which works with the digital blockchain technology that powers NFTs as well as digital currencies.
Estavi’s bid would have been a drop in the bucket for Musk, who is the world’s second-richest person with a net worth of $175 billion thanks largely to his stakes in electric-car maker Tesla and rocket-builder SpaceX, according to Bloomberg’s Billionaires Index.
Estavi apparently has plenty of cash to spend on tweets — he also placed a $2.5 million bid for an NFT version of Twitter CEO Jack Dorsey’s first post on the platform earlier this month.
Estavi didn’t immediately respond to a Twitter message Wednesday morning.
Both Musk’s song and Dorsey’s tweet were listed for sale on Valuables, an online platform that turns unique digital certificates of Twitter posts into NFTs.
There’s a fast-growing market for the tokens, which are essentially digital collectibles whose ownership is recorded on a digital blockchain. The famed Christie’s auction house sold an NFT of digital illustrations by the artist known as Beeple for more than $69 million last week.
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