Elon Musk Drops The Idea of Selling The NFT Song, Turns Down $1 Million Offer

Bhushan Akolkar Altcoin News published March 17, 2021 | modified March 17, 2021

Elon Musk Drops The Idea of Selling The NFT Song, Turns Down $1 Million Offer

One day after testing the waters of selling an NFT song as an NFT, Elon Musk is having a change of heart. The Tesla and SpaceX CEO has decided to drop off the idea of selling the NFT song.

Earlier on Monday, March 15, Musk dived into the NFT craze by offering to sell an NFT song. As always, Musk’s entry into NFT created a massive buzz in the market. Popular digital artists Beeple also supported Musk and said that he is willing to give $69 million for the NFT song.

Last week, Beeple sold one of his digital masterpieces as an NFT for a whopping $69 million to Singapore-based NFT fund Metapurse. Looks like Beeple was willing to give away all of the amount he won. Responding to Beeple, Musk said that he would accept the payment in Dogecoin.

Elon Musk’s Experiments With NFT and Crypto

Musk’s tweet for the NFT song contained a short video loop with the lyrics: “NFT for your vanity. Computers never sleep. It’s verified. It’s guaranteed.” Besides, the video also portrayed a trophy dubbed as the “Vanity Trophy”. Musk’s NFT tweet was listed for sale on the “Valuables” platform. The highest bid on Valuables was $1.121 million by @SinaEstavi.

As said, the Tesla boss has decided to drop-off the idea of selling his NFT. Elon Musk has been closely following the developments in the crypto space and has been much vocal about it. Over the last few week’s Musk has offered unprecedented support to the Shiba Imu-based meme-coin DOGE.

Last month in February, Elon Musk’s Tesla also purchased $1.5 billion worth of Bitcoins (BTC) at an aggregated price of around $33,000. So far, Elon Musk has already made more than $1 billion in BTC gains as the Bitcoin price touched an all-time high above $61,600 levels last week.

 

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Bhushan Akolkar 387 Articles
Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.
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