Elon Musk changes Twitter pic to Bored Ape NFTs, experts advise thorough research on investments

Elon Musk changes Twitter pic to Bored Ape NFTs, experts advise thorough research on investments

Even as billionaire Tesla CEO Elon Musk has put up a collage picture featuring several Bored Ape nonfungible tokens (NFTs) as his Twitter profile picture, with Ape 5809 in the center, experts have advised that investments should be based on thorough research and that investors should not get swayed by the views of any one individual.

Musk’s Twitter profile picture change was followed by a tweet that said, “I dunno … seems kinda fungible.”

The NFTs featured in Musk’s profile picture are all from different artists, each with a unique design and serial number.

ApeCoin, used to vote on community decisions and other services within the popular Bored Ape Yacht Club (BAYC) ecosystem, immediately surged 20% to $17.60, data showed after the change, and was trading at $157 later in the day.

“We have seen the effect of Musk’s Twitter play on APE. This only goes on to prove once again how vulnerable cryptos are. Any currency, whether fiat or cryptos, should not get swayed by any one person, irrespective of his position or net worth. What is needed here is that the crypto community rallies together and does not buy or sell tokens basis the views of any one individual. There should be thorough research done before buying new tokens. People can make sound returns on their investments only if they invest for the long term based on their own research of the fundamentals surrounding the token,” says Aliasgar Merchant, Developer Relations Engineer at Ignite.

Shortly after Musk made the change, Michael Bouhanna, a contemporary art specialist at auction house Sotheby’s, took to Twitter to call him out for using the image. Bouhanna said he created the picture for Sotheby’s $24 million sale of 101 Bored Apes in September, which included Ape 5809.

Musk, who recently hogged the headlines for acquiring Twitter, is a crypto enthusiast and the recent move shows his apparent interest in NFTs too.

Anndy Lian, Chairman, BigONE exchange, says that Musk is trying to tell people that NFTs are kind of fungible in some ways and that one can replicate it freely, put it anywhere one wants but does not own it.

“The other thing is I do see a surge of 19% on ApeCoin when Elon changed his profile image to Bored Ape NFT. Playing the devil here. I would really hope to see a token plunges next time when Elon tweets about it. This would an interesting social experiment,” Lian adds.

Raj Kapoor, chief Advisor at aCryptoverse, a blockchain and crypto advisory firm, says Musk has a significant influence over the cryptocurrency market and this was clearly on display by this move.

“If we also observe, almost 10 Bored Apes had been sold since Musk revised his Twitter profile photo, and the floor price had raised by 10 Eth. I would call this the Musk Effect,” Kapoor says.

NFTs are non-interchangeable units of data stored on a blockchain that can be sold and traded and are often associated with digital files such as photos, videos, and audio.

BAYC NFTs are highly desired among NFT collectors. The recent NFT project launch by Yuga Labs, makers of the Bored Ape NFT, caused gas fees on Ethereum to rise by thousands of dollars.

Several celebrities have or had put up Bored Ape pictures as Twitter profile pictures in recent times. Basketball star Stephen Curry and musician Steve Aoki are among the celebrities who have done it.

Musk received flak from the NFT community, with some saying Elon Musk made a collage of “screenshotted bored apes his profile picture to troll NFT owners.” Others believe Musk is trying to signal his intention to get into the NFT space.

 

 

 

Original Source: https://blockchainassetreview.com/elon-musk-changes-twitter-pic-to-bored-ape-nfts-experts-advise-thorough-research-on-investments/

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

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Think World News: Anndy Lian: Industry 4.0 + Blockchain Changes The Way We Live, Work And Relate

Think World News: Anndy Lian: Industry 4.0 + Blockchain Changes The Way We Live, Work And Relate

Anndy Lian, Book Author of Blockchain Revolution 2030 gave an opening keynote speech in Seoul at the Singapore- South Korea Immersive Program presented by Nanyang Polytechnic – Singapore Institute of Retail Studies and supported by SkillsFuture Singapore.

In the keynote opening speech, Mr. Lian highlighted how blockchain technology plays an important role to transform and create a new model of the digital economy. “Blockchain technology has enabled new business models, innovative organizational forms and work processes. It has opened doors for many new possibilities. With smart contracts, reporting and monitoring of required data, checking of compliances, and approval processes will become easier than ever. This has also given policy makers more confidence to issue regulated securitized blockchain and cryptocurrency exchanges.”

Industry 4.0 is also one of the most talked-about topics. Industry 4.0 is an emerging era of connectivity and interaction among parts, machines, and humans. The fourth industrial revolution together with blockchain will be established on trusted networks that remove the need for middlemen. Simple manual processes will be undertaken in an integrated way using digital, autonomous systems, this changes the way we live, work and relate to one another. Anndy who is also the Blockchain Advisor of Asian Productivity Organization (APO) mentioned to the audiences that we need to read more about the latest adoptions and plans made by international and intergovernmental such as APO. They provide the latest updates, trends and deep insights of emerging innovative business trends and solutions.

Kim Hyeong-joo, Chairman of Korea Blockchain Industry Promotion Association and Former Seoul Vice Mayor also presented his speech on South Korea as a nation embraces blockchain. “South Korea, the country that has been at the forefront of the crypto industry since 2017 and the nation is gradually changing its views regarding cryptocurrencies. While the lift on the ICO blanket ban was announced by the officials last month, the country has recently been vocal about its intention to lead the fourth industrial revolution, powered by blockchain initiatives. We believe that blockchain technology will change our lives.”

The 3rd blockchain immersive program is held from 2-6 September 2019 in South Korea.

 

 

Source: https://www.thinkworldnews.com/anndy-lian-industry-40-blockchain-changes-the-way-we-live-work-and-relate-391643693216243403

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

j j j

MarketWatch: Anndy Lian: Industry 4.0 + Blockchain Changes The Way We Live, Work And Relate

MarketWatch: Anndy Lian: Industry 4.0 + Blockchain Changes The Way We Live, Work And Relate

In the keynote opening speech, Mr. Lian highlighted how blockchain technology plays an important role to transform and create a new model of the digital economy. “Blockchain technology has enabled new business models, innovative organizational forms and work processes. It has opened doors for many new possibilities. With smart contracts, reporting and monitoring of required data, checking of compliances, and approval processes will become easier than ever. This has also given policy makers more confidence to issue regulated securitized blockchain and cryptocurrency exchanges.”

Industry 4.0 is also one of the most talked-about topics. Industry 4.0 is an emerging era of connectivity and interaction among parts, machines, and humans. The fourth industrial revolution together with blockchain will be established on trusted networks that remove the need for middlemen. Simple manual processes will be undertaken in an integrated way using digital, autonomous systems, this changes the way we live, work and relate to one another. Anndy who is also the Blockchain Advisor of Asian Productivity Organization (APO) mentioned to the audiences that we need to read more about the latest adoptions and plans made by international and intergovernmental such as APO. They provide the latest updates, trends and deep insights of emerging innovative business trends and solutions.

Source : https://www.marketwatch.com/press-release/anndy-lian-industry-40-blockchain-changes-the-way-we-live-work-and-relate-2019-09-03

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

j j j