Tesla and SpaceX CEO withdrew, (Elon MuskElon Musk, offered to sell one of his tweets as a non-exchangeable symbol, or NFT, even though the viewer offered more than $ 1 million for the digital original.
Mask said in Tweet: I sell this song about NFT as NFT, and the tweet included A song with lyrics.
The tweet for sale also contained a short video clip with an introduction of keywords NFT and HODL.
HODL is a term used by advocates of cryptocurrency to encourage sticking to the coin rather than selling.
The next day Musk changed his mind, saying: TweetKaito: I don’t feel good about selling this.
Unique NFT encoding codes are used to represent digital assets, including pictures and videos. They can be bought and sold like physical collectibles.
Unique NFT cipher tokens operate via a decentralized digital ledger, or blockchain, which means that transactions, ownership, and validity of any asset that NFT represents can be tracked.
According to the platform, the highest bid on Musk’s tweet was $ 1,121,000.
Musk has been known to champion digital assets of late, including Bitcoin and Dogecoin.
In February, Tesla revealed that it had bought $ 1.5 billion of Bitcoin and may continue to make acquisitions of the cryptocurrency.
Musk’s presentation on NFT helped distract tens of millions of followers on Twitter from news of employee changes at the top ranks at Tesla and the federal investigation into the Tesla car crash that occurred in Detroit late last week.
The Federal Vehicle Safety Authority (NHTSA) said it is sending a team to Detroit to investigate the causes of the violent crash there on March 11, which involved a Tesla car and semi-truck.
The US Securities and Exchange Commission has warned investors in recent months not to buy or sell stocks and other assets based on information shared on social media platforms.
It also warned investors not to buy shares in special-purpose acquisitions, or other assets, just because celebrities are involved in the deal.