Tesla’s Musk has new title, ‘Technoking’, unveils NFT-themed song

Tesla’s Musk has new title, ‘Technoking’, unveils NFT-themed song

News: Tesla’s Musk has new title, ‘Technoking’, unveils NFT-themed song.

(Reuters) – Tesla Inc on Monday added “Technoking of Tesla” to billionaire CEO Elon Musk’s list of official titles. In an application for approval, Finance Director Zachary Kirkhorn was also named “Master of Coin”.

The electric car maker didn’t explain the reasons for the cryptic new titles.

Musk also shared a new electronic music track via a non-fungible token, or NFT – a new type of digital asset that is authenticated through blockchain.

“I’m selling this song through NFTs as an NFT,” the tweet said, showing a video of what appeared to be a gold trophy adorned with coins and dog figures, accompanied by pulsating techno music.

The popularity of NFTs has exploded during the pandemic as enthusiasts and investors scramble to spend huge sums of money on items that only exist online.

Last month, musician and artist Grimes, who is with Musk, sold some animations she made on a website called Nifty Gateway for more than $ 6 million.

It wasn’t immediately clear whether Musk actually intended to sell the video or the song.

Musk’s most recent advertisement for Dogecoin was on Twitter also raised the price of this cryptocurrency.

Last month, Tesla announced that it had bought $ 1.5 billion worth of Bitcoin and would soon be accepting it as payment for cars, which would skyrocket the price of the world’s most popular cryptocurrency.

Bitcoin hit new highs of nearly $ 62,000 over the weekend, but fell around 5% on Monday’s early European day.

In another statement, Tesla said Jerome Guillen, President of Automotive, had taken the role of President of Tesla Heavy Trucking to lead Tesla’s entry into the “critical heavy truck market for the first time”. (Bit.ly/3rSYMIE)

Tesla announced in January that shipments of its long-delayed Tesla semi-trucks would begin in 2021.

Reporting by Akanksha Rana in Bengaluru, Hyunjoo Jin in San Francisco and Ira Iosebashvili; Adaptation by Sonya Hepinstall and Stephen Coates

Original Source © Reuters

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