Billionaire Elon Musk appears to be selling a recent tweet of his own as an NFT, or non-fungible token.
“I’m selling this song on NFTs like NFT”, Musk, CEO of SpaceX and Tesla, tweeted on Monday.
In the Twitter post, Elon released a techno song with the lyrics: “NFT for your vanity. Computers never sleep. It’s checked. It’s guaranteed.”
There’s also a short futuristic video loop, which shows a trophy called “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 selling, repeated in your background.
NFTs are unique cryptocurrency tokens used to represent digital assets, including JPEGs and video clips. NFTs can be bought and sold, as can physical assets. And, since they run on blockchain, a decentralized digital ledger that documents transactions, ownership and validity of the asset that NFTs represent can be tracked.
Musk’s tweet, including his caption, clip and music, was listed for sale as an NFT on “Valuables”, a platform launched by Cent, a social media network built on blockchain. The highest bid currently is from Sina Estavi, CEO of Bridge Oracle, for $ 1.12 million on Tuesday morning, the website shows. (“Values” requires users to log on to the platform through their Twitter account to verify that the tweets listed for sale are made by their real creators.)
According to “Valuables”, the tweet itself “will continue to live on Twitter”, but the winning bidder will be the owner of the NFT, “signed and verified by the creator”, which in this case is Musk.
Musk is not 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 that all proceeds would be converted into bitcoin and donated to GiveDirectly, an organization that helps those living in poverty in Africa.
The highest bidder for Dorsey’s tweet was Estavi, from Bridge Oracle, 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 in bitcoins in February. And for months, Musk tweeted about dogecoin, a cryptocurrency that started out as a joke.
Today, Musk is worth $ 182 billion, according to Bloomberg.
A representative from Musk and Estavi did not immediately respond to CNBC Make It’s request for comment.
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