36.1 C
Delhi
Monday, June 17, 2024
HomeBusinessBlockchainElon switches Twitter picture to BAYC but wasn't impressed! Crash soon?

Elon switches Twitter picture to BAYC but wasn’t impressed! Crash soon?



Rudy Fares

Elon Musk is known for his love of memes. Every other day, he posts a meme on Twitter. He often stirred many controversies while doing so. Many of those memes happen to be related to cryptocurrencies. Today, while the cryptocurrency market dips, Elon chose to change his profile picture on his Twitter account and added a picture relating to a well-known NFT project. What happened specifically and will this affect the crypto market?

Elon Musk changes his Twitter Profile Picture into…

BAYC is an NFT project that made its way into traditional media thanks to its expensive-selling pictures of apes. Most NFTs were selling for millions, and many got rich trading them on secondary markets. On the other hand, many controversies sparked regarding buying and selling simple JPEGs.

Join the Chat Discord

Not everyone understood the technology behind the blockchain, which approves who the true owner of those pictures was. This includes Elon Musk, who recently changed his Twitter profile picture into a collection of BAYC pictures. He also tweeted: “I dunno…seems kinda fungible”, which shows how “unimpressed” he is with the current NFT trend of pictures.