Elon Musk Decides Not To Sell Crypto Art, Leaves $1,120,000 Offer on the Table

Elon Musk is rescinding a decision to sell a crypto collectible that attracted at least one bid of over $1 million.

On March 15th, Musk announced that he was putting up a song for sale on the non-fungible token (NFT) marketplace Valuables.

“I’m selling this song about NFTs as an NFT.”

The digital collectible contains the lyrics, “NFT for your vanity. Computers never sleep. It’s verified. It’s guaranteed.”

I’m selling this song about NFTs as an NFT pic.twitter.com/B4EZLlesPx

— Elon Musk (@elonmusk) March 15, 2021

But just 24 hours later, the tech billionaire revealed he would not be selling the digital work of art after all.

“Actually, doesn’t feel quite right selling this. Will pass.”

By the time Musk changed his mind, the collectible had attracted numerous bids, with at least eight bidders offering $100,000 or more.

The CEO of Tron blockchain’s public oracle system Bridge Oracle, Hakan Estavi, placed the highest bid of 625.64 ETH, worth approximately $1.12 million at the time.

Earlier this month, Estavi unsuccessfully bid $600,000 for Twitter CEO Jack Dorsey’s “just setting up my twttr” tweet. Twitter and Dorsey’s first-ever tweet went on to receive a $2.5 million bid.

Musk’s about-face comes a few weeks after his girlfriend and co-parent musician Grimes sold $6 million in NFTs on Nifty Gateway.

 

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