Elon Musk To Pump NFTs Next? NFT Creator Beeple Acknowledged By Tesla CEO

Zinger Key Points
  • Also, at the end of 2021, Musk said that NFTs “are jpeging the dollar.”
  • Beeple had previously offered to pay Musk $69 million for Musk’s song about NFTs.

Elon Musk — tech tycoon and CEO of electric vehicle manufacturer Tesla Inc. TSLA — clearly started paying attention to the non-fungible token (NFT) industry, as shown by his Twitter Inc. TWTR activity.

What Happened: NFT star Beeple pointed out in a Sunday tweet that Musk started following him on Twitter — a claim verified as of press time.

The tweet follows Musk suggesting at the end of 2021 that NFT buyers are delusional when he tweeted a photo of a man being counseled by a therapist and asked whether NFTs were also in the room.

Also Read: If You Invested $100 When Elon Musk First Tweeted About Dogecoin, Here's How Much You'd Have Now

Also, at the end of 2021, Musk criticized NFTs in response to a tweet by Dogecoin DOGE/USD co-founder Billy Markus about the proliferation of scams within the cryptocurrency industry, saying that NFTs “are jpeging the dollar.”

Previously, Beeple had offered to pay Musk $69 million for Musk’s song about NFTs, that was put up for sale as an NFT earlier this year, but Musk wanted to be paid 420 million DOGE instead.

Musk also chided Twitter — before becoming the social media giant's top shareholder — over the introduction of verified non-fungible token profile pictures on its platform in a series of tweets in January.

Photo: Courtesy of TED Conference on Flickr

Market News and Data brought to you by Benzinga APIs
Posted In: CryptocurrencyMarketsTechBeepleBilly MarkusElon MuskNFT
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!