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And Finally Business News Digital
Elon Musk to sell song about NFTs as an NFT
By Andy Malt | Published on Tuesday 16 March 2021
NFTs – or nonfungible tokens – are the big new thing in music and definitely not a novelty that everyone will be bored of very soon. But what the fuck are they? Maybe you’re still trying to get your head around the idea and don’t have time to read all the many explainer articles that have been published in the music and tech press in recent weeks. Well, just for you, Elon Musk has written a song for you all about the technology, which you can buy from him… as an NFT.
Last night, Musk tweeted the unnamed song – a fairly low quality EDM track with the lyrics: “NFT / for your vanity / computers never sleep / it’s verified / it’s guaranteed”. It’s accompanied by an animation, showing a big gold statue orbited by the words “vanity trophy”, and bearing the slogans “HODL” (short for “hold on for dear life”, a commonly used phrase to discourage traders from divesting their bitcoins and upsetting the volatile cryptocurrency) and “computers never sleep”.
And that is all you need to know about NFTs. Good for you for being so up to speed on the topic.
Musk hasn’t given any details about when or where the track might go on sale. Maybe it won’t. Maybe it was just a joke. Maybe one day we will all live in crudely dug tunnels under the sea. Who knows?
The latest musician to get in on the NFT craze – if that’s what we’re calling it now – is Aphex Twin. He yesterday auctioned off a piece of digital artwork – titled ‘/afx\/weirdcore\<blockscanner>’ – as an NFT for $128,000. So that’s nice. For him. And also for the planet. Kind of.
Announcing the auction on Sunday, he said that “a portion of the money” received from the sale would be spent “on planting trees and either donating to permaculture projects or setting them up ourselves, depending on how much we get”. The aim there, see, being to offset some of widely noted and often criticised energy requirements of NFT-type technologies.
