After changing his Twitter profile picture (PFP) to a collage of BAYC NFTs, perhaps Elon Musk is finally embracing the NFT space. However, due to negative comments by Elon about NFTs previously, many are questioning the timing of the change.
Elon Musk’s wallet full of high-value NFTs
By tracing the location of some of the NFTs in the profile pic, we can see that he owns an impressive NFT collection. Significantly, hours before Elon tweeted and changed his PFP, the wallet received multiple NFTs. These include the first NFT that Elon Musk made and six Bored Apes, including three gold apes.
The wallet is now full of NFTs with huge value, including Doodles, Azuki, Moonbirds, etc. Notably, many of these NFTs came from the MoonPay vault. MoonPay builds payment infrastructure for cryptocurrencies. Some of the biggest crypto brands in the world use it for their business.
In recent months, Elon Musk was seen with the MoonPay team, and now, they are sending NFTs from their vault.
Interestingly, the PFP collage also contains images of Bored Apes that Elon Musk doesn’t own. Some in the space are accusing the richest man in the world of theft and copyright breaches.
Additionally, the tweet and image change helped raise the price of ApeCoin by over 18%. Apecoin ($APE) is the token created by Bored Ape creators Yuga Labs.
Finally, in the 24 hours between Elon Musk changing his pfp to a Bored Ape NFT, there have been over 22 new BAYC sales. Perhaps this is the start of a new relationship between Elon and the NFT community. Although, hours after changing his profile pic that includes 3 Gold BAYC’s, Elon Musk tweeted, “I dunno … seems kinda fungible.”