- Elon Musk changed his Twitter profile picture to a collage of avatars from the Bored Ape Yacht Club NFT collection.
- ApeCoin, the token launched by the creators of Bored Ape, Yuga Labs, increased 19% in an hour following Musk’s profile picture change.
- This weekend, a Yuga Labs virtual land minting event for its upcoming Otherside game caused Ethereum fees to skyrocket.
Tesla billionaire CEO Elon Musk, whom just recently purchased the Twitter platform had just recently reported to have changed his profile picture on Wednesday to a composite picture highlighting various Bored Ape Yacht Club non-fungible tokens (NFTs).
Musk’s Twitter avatar was a picture of dozens of Bored Apes, with Ape 5809 in the center, as of Wednesday morning.
Soon after Musk made the change, Michael Bouhanna, a contemporary art specialist at Sotheby’s, took to Twitter to criticize him for using the image. Bouhanna stated that he created the image for Sotheby’s $24 million sale of 101 Bored Apes, which included Ape 5809.
Musk’s Twitter avatar was an image of many Bored Apes, with Ape 5809 in the middle, around Wednesday morning.
Not long after Musk rolled out the improvement on his profile, Michael Bouhanna, a contemporary craftsmanship expert at Sotheby’s, took to Twitter to scrutinize him for utilizing the picture. Bouhanna expressed that he made the picture for Sotheby’s $24 million offer of 101 Bored Apes, which included Ape 5809.
Musk, who has more than 90 million Twitter followers, later seemed to poke a fun at the supposed uniqueness of NFTs, expressing, “I don’t know… “Appears to be somewhat fungible.”
Since the undertaking’s initiation last year, famous people going from Serena Williams to Jimmy Fallon and Snoop Dogg have bought a computerized simian from the Bored Ape Yacht Club. As per the NFT commercial center Opensea, the wallet that holds Ape 5809 additionally possesses 41 other NFTs.
Since Tesla CEO Elon Musk’s $44 billion offered to take Twitter private was acknowledged, there affects the interpersonal organization. While certain analysts have communicated disillusionment, others have proposed that Musk could have a positive effect by resolving issues like spam bots.
As per Coinbase information, the cost of apecoin, a token made by Bored Ape maker Yuga Labs, expanded 20% following Musk’s profile pic switch, ascending to $17.64 at 6:55 a.m. ET. It later essentially benefits as a whole.
Yuga Labs experienced harsh criticism throughout the end of the week after its metaverse project, The Otherside, sold out every one of the 55,000 Otherdeed land NFTs in three hours. The mint has brought about a gas battle, in which Ethereum clients contend to purchase NFTs simultaneously and outbid each other utilizing the organization’s exchange charges.
Independently, Musk was welcome to affirm before a UK parliamentary council on Wednesday about his proposed takeover of Twitter. Julian Knight, executive of the Digital, Culture, Media and Sport Committee, asked the extremely billionaire Musk to take inquiries from the cross-party bunch about his arrangements to carry out check for all stage clients, which Knight said repeated the board of trustees’ own proposition.
There’s no sign Musk possesses the NFTs being referred to, however that hasn’t halted the Ethereum address holding the Bored Ape from being besieged with NFTs sent by hopefuls attempting to get the Tesla CEO’s consideration (a similar peculiarity prompted Budweiser getting overwhelmed with dick pic NFTs).
Musk’s Twitter profile picture has been changed to a collage of bored apes.