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Elon Musk, the CEO of Tesla, is selling his first NFT, which is a techno song about NFTs

The NFT craze has risen, and many artists and celebrities have taken advantage of the trend by launching their own NFT.

Elon Musk is no different. The founder of Tesla and SpaceX has created a techno song about NFTs, which he is selling as a non-fungible token. Musk revealed his production on Twitter on Monday, saying, “I’m selling this song about NFTs as an NFT.” The song’s preview shows a golden trophy with the words “HODL” emblazoned on it, which stands for “hold on for dear life.”

The song is a techno song with basic lyrics: “NFT for your vanity, computers never sleep – it’s verified, it’s guaranteed.” The title of the song has yet to be announced, as has the venue where Musk wants to sell the NFT.

Musk isn’t the only one who has taken advantage of the NFT craze to make a fast buck. Twitter CEO Jack Dorsey recently revealed that his first tweet would be available for purchase as an NFT. The income from the sales will be donated to charity. The highest bid for Dorsey’s tweet so far has been confirmed to be $2.5 million.

Last month, Musk’s girlfriend, Grimes, an electro-pop star, sold her digital art collection as an NFT. The painting, titled “WarNymph,” sold for $5.8 million.

Non-fungible tokens (NFTs) are rapidly gaining traction, with Google Trends claiming that they are becoming a bigger trend than decentralized finance (DeFi) was last year. According to Google’s global search volume, searches for NFT on the web increased dramatically this year, surpassing searches for DeFi-related topics by a wide margin.

What exactly are NFTs?

According to NBA Dallas Mavericks owner Mark Cuban, NFTs are simply a digital version of collectibles, and they may one day replace real figurines or collectible cards.

NFTs are a blockchain-backed digital asset that can be used to represent artwork, video clips, figurines, and other collectibles. The purchaser of an NFT receives a crypto-backed digital receipt confirming the collectible’s authenticity. It also serves as a receipt.

Currently, an artwork by the artist known as “Beeple” is the most costly NFT to have been sold. The crypto art collectible was auctioned, and the winning bid was reported to be $69.3 million by an anonymous collector.

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