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 “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

Falcon Business Research announces blockchain conference and awards for July 4–5 in Singapore

Falcon Business Research announces blockchain conference and awards for July 4–5 in Singapore

April 13, Singapore — The Blockchain in Singapore conference and awards is the leading crypto and blockchain conference in the APAC since 2018. After a long hiatus, the world’s communities are now coming back together, and there is nothing quite like interacting with a live speaker at a physical conference. Falcon Business Research’s in-person Blockchain Conference will take place in Singapore on July 4 and 5, 2022.

The focus of the conference will be on blockchain, crypto, NFTs, DeFi, the Metaverse, Web3 ecosystems and their wide-reaching effect on commerce, culture and communities. The conference features keynotes, panel discussions, case studies, tech-talks, crypto fireside chats, start-up speed pitches, competitions and awards.

Confirmed speakers

  • Tim Draper, founder of Draper Associates
  • Jimmy Nguyen, founding president of BSV Blockchain
  • Tobias Bauer, principal at Blockchain Founders Fund
  • Anndy Lian, chairman Asia at BigOne Exchange
  • Oriol Caudevilla, co-leader of the financial inclusion and CBDC working groups at Global Impact Fintech Forum
  • Kevin Pang, board secretary at Blockchain Association of Singapore
  • Wai Yee Choo, director of the network trade platform office at Singapore Customs
  • Feroze Medora, director of trading and interim managing director of Gemini APAC

Event snapshots

  • More than 30 Speakers and panelists
  • Four keynotes
  • Five panel discussions
  • More than 1,500 online attendees over two days
  • Over 500 in-person attendees

Participants

  • Government and regulatory bodies
  • C-Levels and directors
  • Investors and business leaders
  • Tech developers
  • Tech and futuristic influencers
  • DeFi, Metaverse and NFT projects
  • Blockchain and crypto pioneers
  • Tech-based legal firms
  • Tech companies
  • Renowned media agencies

Attendee breakdown

  • Investors: 25%
  • Tech professionals: 20%
  • Corporates: 20%
  • Crypto projects: 10%
  • Media: 20%
  • Others: 5%

Benefits of attending

  • The conference program is designed to offer learning and insight as well as discussion with some of the industry’s key leaders.
  • Building a world-class network around blockchain, decentralized finance, NFTs, the Metaverse, Web3, DLT and protocols with industry leaders.
  • Learning the basics and fundamentals of the decentralized economy, its development and future vision.
  • Being involved and engaged in emerging and futuristic technology.
  • Discovering products and new technology from top tech companies and projects.
  • Learning why retail and other institutions are massively investing in blockchain and the crypto space.
  • Meeting with the most innovative enterprises, start-ups and key investors.

Benefits of partnering up

  • A unique opportunity to meet C-level attendees and investors.
  • Brand recognition.
  • Growing credentials as a thought leader.
  • Showcasing a platform to its relevant target audience.
  • Broadening a project’s exposure in the marketplace and creating a positive impression of it on a global scale.
  • A pitching opportunity for start-ups that unites some of the most agile entrepreneurs and high-impact investors.
  • Identifying prospective supporters and clients for a project or service.
  • Building partnerships and alliances, and understanding innovative, cutting-edge technologies that will define and drive the future of the industry.
  • Providing a project with an unrivalled and market-leading opportunity to position its brand, services and tools within the technical and developer community.
  • The Blockchain in Singapore Conference offers an incomparable platform to connect with industry experts, get business done and position companies for future success.

Easy ways to participate

  • Registering as a delegate to benefit from direct expert insights.
  • Showcasing a brand and the industry thought-leadership of its team in front of the very people that matter to its business by becoming a sponsor.
  • Securing a display booth at the event to showcase the project’s latest tech and services in an exclusive space as an exhibitor.

Original Source: https://cointelegraph.com/press-releases/falcon-business-research-announces-blockchain-conference-and-awards-for-july-45-in-singapore

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 “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