Universal Music will create a character for a virtual music group based on NFT
Record company bought Bored Ape for $365 000
19.03.2022 - 10:30
632
1 min
0
Record company bought Bored Ape for $365 000.
What’s new? Universal Music Group (UMG) has bought Bored Ape NFT #5537 for 125 ETH ($365 000 at the time of purchase). According to a statement from the companies’ representatives, the label will create a character for the music group Kingship based on the token. Other band members are also based on NFTs owned by the collector Jimmy “j1mmy” McNelis, Decrypt reports.
What is known about the virtual band? The project’s manager Nicholas Adler stated that Kingship plans to hold online concerts at the metaverses, as well as release their own NFTs. He admitted that he was inspired by one of the first virtual bands, Gorillaz. Adler added:
“We’re developing sounds, we’re developing stories and narratives. I think that the project, the process, and the music will be something that consumers and fans will see online as we develop it.”
Useful material?
Technologies
Network fees will be integrated into the cost of swaps
Nov 22, 2024
Market
The company’s unrealized profits from investing in its first cryptocurrency approached $14 billion
Nov 19, 2024
Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024