The newest member of the NFT club is the richest man in the world. Elon Musk, Tesla Inc (NASDAQ: TSLA) song and video about NFTs, which he put up on sale as a non-fungible token (NFT) on Monday is about to find a buyer, but DOGE only.
The Musk NFT
Musk has created image of a trophy, with gold step support, has several dogs rotating in it, which has been interpreted to signify the “DOGE” token.
The song and video has garnered 8.3 million views, and over 30,000 retweets, clearly showing that engagement is off the charts. We should mention that Musk’s asking price of 420 million DOGE equals $24 million, which is significantly less than the more recent Beeple’s NFT offer.
Interestingly, many crypto-personalities have engaged Musk, hoping that this creates a window of opportunity for the CEO to accept digital payments for his electric car company -Tesla.
I’m selling this song about NFTs as an NFT pic.twitter.com/B4EZLlesPx
— Elon Musk (@elonmusk) March 15, 2021
The Beeple Effect
In last weeks news, CNIR reported on the auction of an NFT digital art collage from a relatively unrecognized digital artist ended with a purchase price above $69 million. The work, called “Everydays The First 5000 Days,” chronicled several years’ worth of daily sketches from the artist Mike Winkelmann known online as Beeple.
At press time, Musk’s NFT highest bid on that tweet was ETH 153.48 or $275,000.
DOGE traded 2.68% lower at $0.057 at press time, while Ethereum (CRYPTO: ETH) was down 6.77% at $1,759.12. The apex cryptocurrency Bitcoin (CRYPTO: BTC) traded 9.3% lower at $54,580.57.
