Errorfather of billionaire Elon Muskventured into the cryptocurrency space by approving ‘Mousque“A piece of memes aimed at raising $ 150 to 200 million.
What happened: Partnership with Associate Business Nathan BrowneErrol says that the product will finance the Musk Institute, an engineering and technological advanced profit -focused reflection group, including flying vehicles.
Unlike other recent coins supported by celebrities, “ Musk It ” was launched in December by a Crypt company in the Middle East with little recognition, according to to fortune.
Errol and Browne then decided to lend their names to the project, in the hope of capitalizing on its potential.
Despite their innovation claims, the key details of the financial structure and the objective of the medal remain uncertain.
The pieces are notoriously volatile, many investors being faced with speculative negotiation losses.
While Errol remains confident in his business, criticism argues that Musk is the success of the public hypothesis that Elon Musk is involved – something that the billionaire has not confirmed.
Why is it important: The relationship between Errol and Elon has been publicly tense, as documents the biography of Walter Isaacson of the CEO of Tesla.
Elon spoke openly about his father’s controversial past, including allegations of abuse, that Errol denies.
Despite their removal reported, Errol insists that their relationship is not as broken as it is widely believed and affirms that Elon recently wondered on Musk.
Without light road fire for the Musk Institute and questions surrounding the legitimacy of the medal, the skeptics wonder if it is a real effort of innovation or another attempt to take advantage of the name of musk .
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