Over the past year, $EGT hasn’t seen much growth, according to tracker data CoinMarketCapBut its founders hoped that the Musk statue would inspire the businessman to tweet about the company and provide new exposure to the token.
Elon GOAT Token’s efforts to deliver the statue landed the company on the US Twitter trending page Musk bought the social network last month, causing a stir with mass layoffs, advertisers who departed and possible changes in the process of obtaining a Twitter blue check mark.
It costs a total At $600,000, according to Elon GOAT Token, Musk’s sculpture is a nod to the billionaire’s fame: a rocket representing SpaceX, the spacecraft company founded by Musk; and the literal goat, a word that is also used as an acronym for the phrase “Greatest Of All Time.”
Despite exponential growth in recent years, the cryptocurrency has had a rough 2022. FTX, the cryptocurrency exchange that was estimated at $32 billion in January, crashed this month. Its CEO resigned and the company filed for bankruptcy, prompting a research about how the business fell apart.
In the last year, millions of dollars in cryptocurrency have been robbed in scams aimed at users of the exchange operator Coinbase.
Although “times have not been good” for Elon GOAT Token, co-founder Ashley Sansalone said Saturday in a Twitter audio stream, the company had earmarked enough money to complete the statue project.
“We believe that Elon’s potential acceptance of this biblically-sized gift could catapult $EGT into the spotlight and accelerate its various initiatives,” the company said on its website.
Elon GOAT Token did not respond to The Washington Post’s request for comment on Saturday.
After months of construction and travel across the country, the statue has arrived at the Austin building, Elon GOAT Token confirmed. in a tweet on Saturday after the live broadcast of the event. Musk, who has 119 million followers on Twitter, had not publicly acknowledged the project as of Saturday night. Tesla did not respond to The Post’s request for comment on Saturday.
Kevin Stone, a sculptor living in Canada, said he received a call last year about the project from its designer, Danny Wang, who did not reveal the identity of who had commissioned the statue until after the contract was signed.
At first, Stone thought the mystery shopper was Musk himself. He didn’t think anyone else would have commissioned such a “crazy project.”
The sculptor began working on the head of the piece in January and finished it almost six months later, after some 600 hours of work. Musk’s head sculpture ended up being six feet tall and four feet wide, weighing in at 250 pounds.
For Stone, known for his bird and dragon sculptures, the project was a chance to do something he had never done before.
“It was so crazy that I couldn’t turn it down,” he said. “I just wanted to be a part of this because it was a unique opportunity to do something that was very, very different.”
Spectacle, an American design and manufacturing company, designed the statue’s goat and rockets.
On Saturday night, Sansalone began an audio broadcast on Twitter, saying that he and those who had accompanied him on the trip were sitting about 150 feet away from the Gigafactory, where security had asked them to move for security reasons. security.
Sansalone said the Elon GOAT Token statue was always “supposed to be funny,” intended to make Musk laugh, and that the cryptocurrency company was trying to do the same as the Tesla CEO, despite being ” small in comparison.”
As the sun began to set in Austin on Saturday, it was unclear if Musk would allow the statue to stay.
“We’re not leaving,” Sansalone said near the end of the creek. “Let’s see how this goes. Let’s wait here.
In the background of the Twitter audio stream, people could be heard chanting, “Elon Musk, let’s go! Elon Musk, let’s go!”
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