Elon Musk’s Twitter continues to draw many cryptocurrency neighborhood members. A crypto agency often called 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 wish 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 corporate 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 likely be featured on high of a Shiba Inu canine driving a rocket.

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

“We constructed Elon Musk a $600,000 monument on the again of a semi-trailer in honor of his many accomplishments and dedication to cryptocurrency,” the corporate’s web site stated. Attention-grabbing Engineering says that the challenge’s designer was Danny Wang, however it was created by Kevin Stone and Michelle Stone, who’re metallic sculptors.

This challenge was executed in six months. The statue has Musk’s head which is six toes tall. The corporate’s web site stated the trouble was made as a PR technique for the Arizona-based firm. The enterprise will likely be heading the Tesla Gigafactory in Austin, Texas, to offer the statue to Musk on November 26. If the reward is accepted, the group hopes it can carry its firm to the highlight.

On its web site, EGTPRO has offered itself as the primary crypto pockets targeted on service provider processing. Subsequently, if the corporate positive factors Musk’s approval, it may increase 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 most important cryptocurrency alternate by buying and selling volumes, invested $500 million into the Twitter acquisition deal by Musk. The previous CEO of the collapsed FTX alternate had additionally supplied 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, on condition 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.

Nevertheless, Musk’s adoption of Dogecoin has created room for scams. A whole bunch of meme cash with a DOGE theme have been launched available in the market over the previous 12 months, with some tasks ending up as rug pulls on account of an absence of strong fundamentals.

Musk’s Tesla has additionally invested in Bitcoin. Nevertheless, this 12 months, the corporate revealed that it offered nearly all of its Bitcoin holdings.

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