Elon Musk smoking cannabis is now an NFT.
The Most Famous Artist priced the NFTs at 420.69 RLY each.
The Most Famous Artist, a group of creators, has sold 69 distinct portraits of Elon Musk smoking cannabis on Joe Rogan’s podcast. The image, taken from a September 2018 episode of the podcast, had been reimagined by over 50 artists for the “Stoned Elon” series. The pieces sold this weekend for nearly $25,000 in Rally tokens on NFT marketplace, OpenSea.
Each piece was priced at 420.60 RLY ($357.58), in reference to the unofficial holiday of cannabis, which has been co-opted by Dogecoin users as Doge Day; holders are trying to get the token to $1.00, however, they will be pretty happy if the coin hit an all-time high of $0.69.
Although The Most Famous Artist didn’t have any household names, most people are familiar with their work: The collective stated that it created the 10-foot monoliths that appeared in Utah and California last year and quickly took the globe’s attention off of the COVID.
The group is not just interested in creating a spectacle but journaling them.
“Elon smoking a blunt on Joe Rogan became a meme seen around the world,” TMFA leader Matty Monahan said. “With the combination of that moment, the internet’s love for celebrating 4/20, and the current state of NFTs—we thought he would be a perfect fit for our latest community project.”
In the past, the collective released an NFT portrait collection of digital artist Beeple, whose NFT, “EVERYDAYS: THE FIRST 5000 DAYS,” sold for $69 million at an auction.
NFTs are digital tokens, mostly packaged as digital collectibles or artwork, that can be bought and traded through blockchain-based marketplaces. It has become a lucrative business for projects like NBA Top Shot, which recorded over $200 million in sales in the past month, and Foundation, where an Edward Snowden portrait was sold for $5.4 million last week.
Musk is big business himself. The CEO of Tesla enjoys a cult of personality in the crypto world, because of his admiration for Dogecoin and his company’s decision to keep $1.5 billion worth of Bitcoin in their accounts.
“We like making things that strike a chord in Internet culture, and we think we accomplished that with this project’s timing, subject, and approach.”
MOnahan
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