Elon Musk allegedly spends 549 ETH on a Bored Ape NFT

Derek.eth, a collector of non-fungible tokens (NFTs), has claimed that he sold his Bored Ape NFT to Tesla’s CEO, Elon Musk. Bored Ape is one of the most valuable and popular NFTs in the market.

Elon Musk allegedly buys Bored Ape NFT

The NFT piece under the label BAYC #1837 was sold to an anonymous buyer. The buyer was willing to spend 569 Ether tokens on the piece. The seller, also known as Deepak, had initially listed the NFT for 620.420 TH.

“I thought I had it at 690.420 ETH. Oh well.. as long as it goes to @ElonMusk, I’ll be happy,” the seller tweeted. The NFT has been sold to a buyer on moonpay-eth. Reports allege that Musk could have indirectly used someone else to buy the NFT for him.

Bored Apes are quite popular with celebrities. Recently, Justin Bieber updated his Instagram with a post of a Bored Ape NFT. The Canadian musician bought the NFT for $1.29 million. The BAYC NFT collection was launched on April 30 2021, and in just eight months, they have become the second-highest most traded NFTs. The NFTs have adorned the social media platforms of celebrities who have spent thousands of dollars on them.

The argument is quite weak

The argument and theory presented about Musk buying a Bored Ape NFT is quite weak. The Tesla CEO has been vocal about his lack of enthusiasm for NFTs. Musk was at the forefront of complaining after Twitter integrated an NFT feature. The billionaire said that notifications alerting him about this feature were “annoying.”

Musk also lashed out at Twitter for failing to have mechanisms to prevent tweets from being spammed by NFT and other crypto-related ads. At some point, Musk even alluded that NFTs could be some form of mental illness. He posted a meme of a person going to see a therapist for believing that NFTs exist.

Besides NFTs, Musk is also a critic of Web3. Together with jack Dorsey, Block’s CEO, they have criticized Web3, saying that what was being advertised is not what will happen.

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