Elon Musk Tweets a Milady NFT, Floor Price Soars on OpenSea.
Elon Musk, the CEO of Tesla and SpaceX, has once again made headlines for his involvement in the cryptocurrency world. This time, he tweeted about a “Milady NFT” on OpenSea, a leading online marketplace for non-fungible tokens. The tweet caused a surge in demand for the NFT, which in turn led to an increase in its floor price.
For those unfamiliar with NFTs, they are unique digital assets that are verified on a blockchain. Each NFT represents a one-of-a-kind item, such as artwork, music, or video content. The value of an NFT is often determined by its rarity and the demand from collectors.
In this case, the Milady NFT is a digital artwork created by the artist @vexx_art. It depicts a medieval queen with a modern twist, holding a sword and wearing a space helmet. The NFT was listed on OpenSea with a starting price of 8 ETH (Ethereum), which is equivalent to approximately $21,000 USD at the time of writing.
Musk’s tweet about the Milady NFT included a link to its OpenSea listing, which caused a frenzy among his followers and the cryptocurrency community. The tweet read, “Just discovered this project. It’s pretty cool.” The tweet received over 21,000 likes and was retweeted over 3,000 times.
As a result of Musk’s tweet, the demand for the Milady NFT increased significantly, and its floor price skyrocketed. The floor price is the minimum price that a seller is willing to accept for an NFT. Before Musk’s tweet, the floor price for the Milady NFT was around 8 ETH. However, after the tweet, the floor price increased to 26 ETH, or approximately $67,000 USD.
This is not the first time that Musk has had an impact on the cryptocurrency market. His tweets about Bitcoin and Dogecoin have also caused significant price fluctuations in the past. Some have criticized Musk’s tweets, claiming that they manipulate the market and cause undue volatility. However, others argue that Musk is simply exercising his right to free speech and expressing his opinions on the market.
In any case, the Milady NFT’s sudden surge in value is a testament to the power of celebrity influence in the cryptocurrency world. It also highlights the potential of NFTs as a new asset class that can be bought and sold on the open market.
Elon Musk’s tweet about the Milady NFT on OpenSea caused a surge in demand for the unique digital artwork, leading to an increase in its floor price. This is another example of the power of celebrity influence in the cryptocurrency world and the potential of NFTs as a new asset class.