The world’s richest man has been a vocal opposer of non-fungible tokens. Has Elon Musk been trolling everyone this whole time as the owner of a large amount of popular NFTs or is he trolling us once again Wednesday morning by right-click saving?
What Happened: The Tesla Inc (NASDAQ: TSLA) CEO changed his Twitter Inc (NYSE: TWTR) profile picture Wednesday morning to a collage of Bored Ape Yacht Club NFTs. Musk tweeted of the change by poking fun at the definition of fungible.
I dunno … seems kinda fungible
— Elon Musk (@elonmusk) May 4, 2022
An item that is fungible is easily interchangeable and able to be replaced. NFTs offer unique ownership of an item on the blockchain.
The new profile picture in question not only suggests that Elon Musk owns one Bored Ape, but rather was the mystery buyer of a lot of 101 Bored Ape Yacht Club NFTs via a Sotheby’s auction in September 2021. The profile picture used by Musk is a collage of the 101 Bored Apes that were featured in the auction.
A mystery buyer purchased a lot of 101 Bored Apes for $24.39 million, beating an expected range of $12 to $18 …
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