If you didn’t see our article on ApeCoin, now may be a good time to familiarize yourself with the cryptocurrency. It backs a group of images, known as NFTs, created by the Bored Ape Yacht Club. Now, billionaire CEO Elon Musk has thrown his hat in the rings.
Elon Musk and ApeCoin
Still in the process of lambasting Twitter while he maintains focus on sealing up his $44 billion bid for Twitter, Elon Musk changed his profile picture on the social network to a collage image featuring multiple Bored Ape Yacht Club non-fungible tokens (NFTs) early on Wednesday morning.
The ape featured in the center, AKA Ape #5809, caught the notice of Bored Ape watchers, including Michael Bouhana.
Bouhana is a contemporary art specialist at Sotheby’s, where a recent auction for the Apes just completed. Fetching a total of just about $24 million for 101 different Bored Apes. Whether he actually owns any Bored Apes or ApeCoin is yet to be determined.
Elon Musk and his almost 100 million Twitter followers apparently think the joke is on someone else. His quote reads: “I dunno … seems kinda fungible.”
I dunno … seems kinda fungible
— Elon Musk (@elonmusk) May 4, 2022