Is Elon Musk a Bored Ape Owner?
Elon Musk has been making headlines a lot lately, and this is mainly related to the fact that he just bought Twitter. Musk eventually purchased the platform, and free speech haters have been having a hard time. Just in c...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Elon Musk has been making headlines a lot lately, and this is mainly related to the fact that he just bought Twitter. Musk eventually purchased the platform, and free speech haters have been having a hard time.
Just in case you don’t know, Musk made the shock bid less than two weeks ago, and he said Twitter had “tremendous potential” that he would unlock.
He also made sure to address various changes from relaxing its content restrictions to eradicating fake accounts.
“Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated,” Musk said in a statement announcing the deal.
He continued and said the following:
“I also want to make Twitter better than ever by enhancing the product with new features, making the algorithms open source to increase trust, defeating the spam bots, and authenticating all humans.”
🚀💫♥️ Yesss!!! ♥️💫🚀 pic.twitter.com/0T9HzUHuh6
— Elon Musk (@elonmusk) April 25, 2022
Is Elon Musk a Bored Ape Owner?Musk is in the spotlight again after changing his Twitter photo. Rumors started pouring that he might be a Bored Ape owner.
Recently, Yuga Labs, the web3 company behind the Bored Ape Yacht Club, disrupted the entire Ethereum blockchain as a flood of users rushed to purchase NFTs.
These represent virtual plots of land in its upcoming metaverse project, Otherside.
As The Verge online publication notes, a total of 55,000 Otherdeeds sold at a flat price of 305 ApeCoin, or around $5,800 at the time of purchase (via CoinTelegraph), raising about $320 million in what was considered the “largest NFT mint in history.”
We’re sorry for turning off the lights on Ethereum for a while. It seems abundantly clear that ApeCoin will need to migrate to its own chain in order to properly scale. We’d like to encourage the DAO to start thinking in this direction.
— Yuga Labs (@yugalabs) May 1, 2022
Cointelegraph also noted the change that took place on his Twitter account:
Elon Musk just changed his PFP to an image featuring several Bored Apes 👀
What happens next? pic.twitter.com/ncbmSky8xi
— Cointelegraph (@Cointelegraph) May 4, 2022
Following Musk’s latest move on Twitter, people are starting to wonder whether Musk is a Bored Ape owner. Confirmation is still expected from the mogul who seems to be on his way to disrupting Twitter’s former policies.
The post Is Elon Musk a Bored Ape Owner? first appeared on CryptoGazette - Cryptocurrency News.Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptoGazetteRelated market context
Machi Big Brother sells 3 Bored Apes to cut his Ethereum long in 52%, but liquidation moved to just $22 away
Three Bored Ape sales at steep losses accompanied a month-long contraction in the leveraged Ethereum account that Lookonchain publ...
Crypto Exchange Sign-Up Bonuses Explained: How to Get Free Bitcoin in 2026
A crypto sign-up bonus is a reward that a crypto exchange offers to new users for opening an account and completing certain tasks....
Fourth crypto exchange shuts down in just six weeks
US-based crypto exchange ABFinance, founded by ByBit’s former CEO Helen Liu, closed its doors last week before it ever opened. ABF...
Gerber Warns Strategy’s Bitcoin Leverage Could Trigger a Selloff
In Bitcoin news today, Ross Gerber, CEO of Gerber Kawasaki Wealth and Investment Management, argued this week that gold remains ea...
Cardano has two weeks to avoid a governance freeze as 4 committee seats expire
Cardano’s governance framework is approaching a Sept. 1 deadline that could effectively stall most major on-chain governance if a...
This public company quit solar for a $5 million Bitcoin bet, now it has just $166,000 in cash
Sono Group’s transition to a Bitcoin-heavy treasury is laying bare the severe financial strain at the core of the restructured com...