Dolce & Gabbana, the iconic Italian fashion label, wants to crown American billionaire Elon Musk as the “King of Crypto,” but only if he can pay more than for the “Doge Crown,” the most valuable piece in the brand’s inaugural collection of non-fungible tokens (NFTs).
The Doge Crown, however, has nothing to do with Tesla CEO Elon Musk’s favorite cryptocurrency, Dogecoin. It’s being sold on the UNXD network, which is based on Polygon. Bids are in Ether, and it’s not based on the meme currency. The Doge Crown, on the other hand, was inspired by the Doge Palace in northern Venice, Italy.
A user named Ethmad has placed the largest bid so far at 165 Ether (ETH), which works out to roughly $501,819. This means that if Musk wants to enter the ring, he’ll have to outbid the previous bidder. The ‘Lion Crown,’ which is a bit cheaper than the Doge Crown, has a bid of 125 ETH.
The ‘Glass Suit,’ ‘Dress from a Dream,’ ‘Impossible Tiara,’ and ‘Impossible Jackets’ are among the other pieces. The OGs — Domenico Dolce and Stefano Gabbana — designed all of the pieces, including the Doge Crown.
What will Dolce & Gabbana give Elon Musk?
Dolce & Gabbana will give Elon Musk ‘The Doge Crown’ — the actual physical object with seven blue sapphires and 142 diamonds — will be his if the SpaceX founder can place the highest offer.
The buyer will also receive a 4K rendered animation and stills of the item in addition to the crown. There are still more than three days remaining for interested parties, including Musk, to submit their offers.
The present price of the Doge Crown is a small change for the Tesla CEO. Musk, on the other hand, has never been one to follow the crowd. Furthermore, his tweets and words have been criticized for causing more harm than good to cryptocurrencies, particularly since he retracted his decision to accept Bitcoin as payment for Tesla cars.