[UPDATE March 22, 2021]: Elon Musk has since said he won't be selling the NFT as it "doesn’t feel quite right."
Tesla's Elon Musk is auctioning off a non-fungible token (NFT)-based "artwork," with bids now over the million-dollar mark.
Tweeted late on Monday the NFT features a gold trophy decorated with "diamond hands," Shiba Inu dogs (presumably referencing dogecoin), a moon and the crypto term "HODL," all tastefully spinning and gleaming to some house music.
In typical joking style, Musk – who officially became "Technoking of Tesla" on Monday – announced the news, saying, "I’m selling this song about NFTs as an NFT."
Bids for the tweet on the Valuables (by Cent) marketplace have been rolling in and, at the time of publication, the highest bid comes from @sinaEstavi at $1.12 million.
Twitter CEO Jack Dorsey recently put his first tweet up for charity auction. So far the highest bid is $2.5 million, with the sale to end March 21. It's not clear so far if Musk will donate his NFT earnings to a good cause.
DISCLOSURE
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
Learn more about Consensus 2023, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.