The self-proclaimed Techno King, Elon Musk announced he was selling his song about NFTs as an NFT, but has since U-turned. Get the bizarre details here.<\/p>\n\n\n\n
If you’re wondering what on earth an NFT is<\/a>, NFTs (Non-Fungible Token) are essentially certificates of authenticity that prove an individual owns a digital item, usually a piece of art. “What’s the point?”, I hear you cry. Well, I’m still not sure that I have an answer for you. NFTs are very much collectors items, so the glamorous aspect may come from owning something for the sake of ownership and bragging rights.<\/p>\n\n\n\n The business magnate and cryptocurrency enthusiast took to Twitter<\/a> on Monday to share an electronic and aptly slightly techno song. The unnamed track was accompanied by an animated video. A rotating “vanity trophy” encircled by dogs (presumably a nod to the cryptocurrency Dogecoin) suspended in space features the words “computers never sleep” and “HODL”. HODL is a common slang in the cryptocurrency community, meaning “hold on for dear life”. This promotes the idea that you should sit on your cryptocurrency rather than selling it, as it hopefully increases in value.<\/p>\n\n\n\nMusk’s Techno Tweet<\/h3>\n\n\n\n