📺 Stream EntrepreneurTV for Free 📺

Elon Musk Changes Tune, Turns Down $1 Million Offer for Catchy NFT Song Tesla's 'Technoking' switched gears after putting up a tweet of a catchy song for sale on Monday.

By Justin Chan

entrepreneur daily

SpaceX CEO and self-proclaimed Tesla "Technoking" Elon Musk has backtracked from his desire to sell one of his tweets as a non-fungible token (NFT) for $1.1 million.

On Monday, Musk announced on Twitter that he would sell a song about NFTs as an NFT. The approximately two-minute song features a catchy electronic beat and a video of a revolving statuette. A female voice can be heard in the background saying, "NFT, for your vanity. Computers never sleep. It is verified. It is guaranteed."

The song was auctioned on Valuables, where Bridge Oracle Sina Estavi offered a whopping $1.1 million. Estavi had similarly bid $2.5 million for Twitter CEO Jack Dorsey's very first tweet.

Related: The Man Behind This Hilarious 2012 Meme Just Sold It as an NFT for $36,000

By Tuesday night, however, Musk appeared to have a change of heart. "Actually, doesn't feel quite right selling this," he tweeted. "Will pass."

Non-fungible tokens are digital assets that exist on a blockchain. Althought they cannot be exchanged for a good or service, many people — including public figures — have recently jumped on the NFT craze. Over the weekend, for example, Tampa Bay Buccaneer Rob Gronkowski auctioned a collection of his most memorable Super Bowl celebrations as an NFT series. It netted him $1.75 million.

Justin Chan

Entrepreneur Staff

News Writer

Justin Chan is a news writer at Entrepreneur.com. Previously, he was a trending news editor at Verizon Media, where he covered entrepreneurship, lifestyle, pop culture, and tech. He was also an assistant web editor at Architectural Record, where he wrote on architecture, travel, and design. Chan has additionally written for Forbes, Reader's Digest, Time Out New YorkHuffPost, Complex, and Mic. He is a 2013 graduate of Columbia Journalism School, where he studied magazine journalism. Follow him on Twitter at @jchan1109.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Side Hustle

These Coworkers-Turned-Friends Started a Side Hustle on Amazon — Now It's a 'Full Hustle' Earning Over $20 Million a Year: 'Jump in With Both Feet'

Achal Patel and Russell Gong met at a large consulting firm and "bonded over a shared vision to create a mission-led company."

Productivity

Want to Be More Productive? Here's How Google Executives Structure Their Schedules

These five tactics from inside Google will help you focus and protect your time.

Side Hustle

How to Turn Your Hobby Into a Successful Business

A hobby, interest or charity project can turn into a money-making business if you know the right steps to take.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Business News

These Are the 10 Most Profitable Cities for Airbnb Hosts, According to a New Report

Here's where Airbnb property owners and hosts are making the most money.