May 18, 2022

Crypto user offers $100K for Elon Musk’s tweet on proposed NFT

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All the trendy aspects of the crypto space — non-fungible tokens, institutional adoption of Bitcoin, the quirkiness of Dogecoin — have found a home with Tesla CEO Elon Musk.

In a tweet today, the billionaire claimed he would be selling 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 playing the song features a pair of diamond hands underneath the moon with Shiba Inu dogs — likely a reference to Dogecoin — circling.

I’m selling this song about NFTs as an NFT

— Elon Musk (@elonmusk) March 15, 2021

Though the song is seemingly not yet available on any major marketplace, crypto users have already found a way to test its apparent value — by tokenizing the tweet itself.

The Musk tweet is currently listed as an NFT on the Valuables platform, which allows Twitter users to make an offer on digital versions of any tweet. Less than an hour after Musk wrote about the song, the bidding rose from $3 to $100,000 and included offers from WSBChairman and NFT curator Loopify.

At the time of publication, the highest bid of $100,000 is from TwitterTitle: Crypto user offers $100K for Elon Musk’s tweet on proposed NFT
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Published Date: Mon, 15 Mar 2021 22:11:22 +0000