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Tesla CEO Elon Musk on Tuesday withdrew an offer to sell one of his tweets as a non-redeemable code (or NFT), despite receiving an offer of more than $ 1 million for the tweet.
Last Monday, Musk said in a tweet, “I want to sell this tweet about tradeable tokens as tradable tokens.”
The tweet for sale also contained a short video, which featured a trophy called the “Vanity Trophy” with the term “NFT” at the top and “HODL” at the bottom, an incentive used by cryptocurrency enthusiasts and retail investors to encourage their peers. keep a coin or stock in the company, rather than sell.
Musk changed his mind on Tuesday, saying in a tweet, “Actually, I’m not happy with the sale.”
“NFTs” are unique encoding codes used to represent digital assets, including images and videos. They can be bought and sold as physical collectibles. NFTs operate on digital decentralization or blockchain technology, which means that the transactions, ownership and validity of any asset represented by the NFT can be tracked.
Musk’s tweet, including the caption and video, was listed for sale as NFT on “Valuables,” a platform published by Cent, a blockchain-based social media network.
According to Valuables, the latest highest bid on Musk’s tweet was $ 1.121 million.
The CEO of Beta recently approved digital assets including Bitcoin, Dogecoin and now NFTs. In February, Tesla revealed that it had purchased $ 1.5 billion worth of Bitcoin and may continue to make cryptocurrency acquisitions.
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