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How Did Crypto Fans Pay Homage to Elon Musk This Week?

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Elon Musk’s Twitter continues to appeal to many cryptocurrency neighborhood members. A crypto agency referred to as EGTPRO has now stated it has secured funds to create a statue for Musk showcasing his head on high of a Shiba Inu driving a rocket.

Crypto followers need to construct a statue for Elon Musk

The crypto firm that wishes to create a statue for Musk is EGTPRO, behind Elon Goat Token. The firm has stated that it has secured $600,000 in funding from the followers of the Tesla CEO, with these funds going towards making a statue of the billionaire whose head will probably be featured on high of a Shiba Inu canine driving a rocket.

On its website, the undertaking stated it was going outdoors the field in creating one thing that one other crypto undertaking had by no means created. The firm stated that this statue would acknowledge Musk’s contributions to the cryptocurrency sector.

“We built Elon Musk a $600,000 monument on the back of a semi-trailer in honor of his many accomplishments and commitment to cryptocurrency,” the corporate’s web site stated. Interesting Engineering says that the undertaking’s designer was Danny Wang, however it was created by Kevin Stone and Michelle Stone, who are metallic sculptors.

This undertaking was executed in six months. The statue has Musk’s head which is six ft tall. The firm’s web site stated the trouble was made as a PR technique for the Arizona-based firm. The enterprise will probably be heading the Tesla Gigafactory in Austin, Texas, to give the statue to Musk on November 26. If the present is accepted, the workforce hopes it would carry its firm to the highlight.

On its web site, EGTPRO has introduced itself as the primary crypto pockets targeted on service provider processing. Therefore, if the corporate features Musk’s approval, it might enhance consideration and the adoption of the pockets.

Elon Musk’s relationship with crypto

Musk accomplished his Twitter acquisition deal; in October. Since then, he has laid off a few of the firm’s high executives and has come below criticism over methods to reasonable content material on the platform.

Binance, the biggest cryptocurrency trade by buying and selling volumes, invested $500 million into the Twitter acquisition deal by Musk. The former CEO of the collapsed FTX trade had additionally provided billions of {dollars} price of funding, however this by no means got here to fruition.

Musk has been an enormous supporter of the DOGE meme coin, provided that he helps DOGE funds at Tesla and SpaceX. The meme coin rallied amid Musk’s Twitter acquisition amid hopes that Dogecoin funds would even be built-in into Twitter.

However, Musk’s adoption of Dogecoin has created room for scams. Hundreds of meme cash with a DOGE theme have been launched out there over the previous yr, with some initiatives ending up as rug pulls due to a scarcity of stable fundamentals.

Musk’s Tesla has additionally invested in Bitcoin. However, this yr, the corporate revealed that it bought nearly all of its Bitcoin holdings.

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