Billionaire Elon Musk appears to be selling a recent tweet of his as an NFT or non-replaceable token.
“I’m selling this song on NFTs as an NFT,” Musk, CEO of SpaceX and Tesla, tweeted on Monday
In the Twitter post, Elon released a techno song that read, “NFT for your vanity. Computers never sleep. It’s verified. It’s guaranteed.”
There is also a short futuristic video loop, which shows a trophy labeled ‘Vanity Trophy’ with the term ‘NFT’ at the top and ‘HODL’, a nod to a cryptocurrency community term that means holding a coin instead of sells, repeated across the bottom.
NFTs are unique cryptocurrency tokens used to represent digital assets, including jpegs and video clips. NFTs can be bought and sold just like physical assets. And because they run on blockchain, a decentralized digital ledger can be tracked that documents transactions, ownership, and validity of the assets the NFTs represent.
Musk’s tweet, including his caption, clip, and song, was listed for sale as an NFT on “Valuables,” a platform released by Cent, a social media network built on blockchain. The highest bid is currently from Bridge Oracle CEO Sina Estavi for $ 1.12 million as of Tuesday morning, the website shows. (“Valuables” requires users to log into the platform through their Twitter account to verify that tweets for sale are made by their real creators.)
According to “Valuables,” the tweet itself will “live on Twitter,” but the winning bidder would own the NFT, “signed and verified by the creator,” in this case Musk.
Musk isn’t the first founder to do this.
Jack Dorsey, CEO of Twitter and Square, recently sold his first tweet as an NFT through “Valuables”. In March, Dorsey said all proceeds would be converted to bitcoin and donated to GiveDirectly, an organization that helps people living in poverty in Africa.
The highest bidder for Dorsey’s tweet was also Bridge Oracle’s Estavi for $ 2.5 million.
Like Dorsey, Musk was part of a wave of support for the cryptocurrency space – under his leadership, Tesla bought $ 1.5 billion worth of bitcoin in February. And for months, Musk had been tweeting about dogecoin, a cryptocurrency that started as a joke.
Today, Musk is worth $ 182 billion, according to Bloomberg.
A representative for Musk and Estavi did not immediately respond to CNBC Make It’s’s request for comment.
Checking out: Use this calculator to see exactly how much your third coronavirus stimulus check could be worth
Do not miss: