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
1377
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?
Telegram 
Twitter Incidents
The company is linking the incident to a compromised private key on a service wallet, rather than a smart contract exploit
May 22, 2026
Incidents
Following the incident, the project temporarily halted trading operations and node activity.
May 15, 2026
Incidents
The user spent weeks unsuccessfully trying to guess the password until Claude helped find an old wallet backup file
May 14, 2026
Crypto regulations
Authorities are introducing mandatory registration for companies handling cross-border crypto transactions
May 8, 2026
Incidents
According to Blockaid, the attack may have been carried out by the same hacker behind the 1inch Fusion V1 exploit.
May 7, 2026
Incidents
The attacker gained administrative access and altered contracts to drain user funds
Apr 30, 2026
Cryptocurrency rates
-
Bitcoin
$64 620
BTC
-2.33%
-
Ethereum
$1 821.57
ETH
-1.92%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.2
XRP
+0.24%
-
Dogecoin
$0.091902
DOGE
-0.15%
-
TRON
$0.160134
TRX
-1.59%
-
Zcash
$625.2
ZEC
+5.81%
-
Cardano
$0.202117
ADA
-4.64%
-
Stellar XLM
$0.211379
XLM
-3.28%
-
Polkadot
$3.32
DOT
+5.27%