Home Cryptocurrency Elon Musk Embraces BAYC | Cryptoverze

Elon Musk Embraces BAYC | Cryptoverze


The crypto world was taken aback when the CEO of Tesla  (TSLA) by changing his avatar on Twitter. It has been changed to a collage of Bored Ape, one of the most famous NFTs (non-fungible tokens).

The bilionaire posted a message clearly referring to NFTs. “I dunno … seems kinda fungible,” Musk said.

There is a chimpanzee with golden hair wearing blue translucent glasses in the center of the collage. This is Bored Ape #5809.

There’s no proof that Musk owns this Bored Ape. The collage is the one that NFTs used at the venerable auction house Sotheby’s last September for the promotion of an auction of Bored Ape. Musk was asked by Michael Bouhanna, VP, Contemporary Art Specialist & Co-Head of Digital Art at Sotheby’s to either delete it or credit it. 

“@elonmusk as much I admire your work I’d like you to remove your pfp that I created for our Sotheby’s sale,” Bouhanna said of Musk’s new avatar. “Or you credit me 😂. Happy to send you the original file minted with the buyer approval.”

As long as users link their crypto wallet to their social media profile, Twitter will allow them to display NFT profile pictures in a special hexagonal shape. 

Elon Musk Twitter Dogecoin Lead JS

Musk’s embrace of NFTs and its most renowned club was overwhelmingly positive, indicating Musk’s influence could reignite interest in NFTs. The NFT craze has fallen after having been the buzzword of 2021 and the beginning of 2022. These digital titles and its rocket-high price were selling, have completely melted. 

“This is the way #BabyDoge,” one Twitter user posted.

“Elon about to send @BoredApeYC to the moon,” another added.

“Elon, you need buy this one,” another Twitter user posted.

The billionaire’s decision has a positive reaction on ApeCoin, the community’s native token Bored Ape. 

Within minutes of the image appearing on Musk’s profile, ApeCoin soared nearly 20% to $17.49.

The switch of attention to Bored Ape and ApeCoin by Musk must have made Dogecoin jealous. Dogecoin is Musk’s favorite coin. It is even usable to purchase merchandise from Tesla.

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