Universal Music Group’s Web3 Label Buys Bored Ape for $360K in Ethereum
On Friday, Universal Music Group’s Web3 label dubbed 10:22PM revealed it purchased the Bored Ape Yacht Club (BAYC) non-fungible token (NFT) #5537 for more than $360,000. 10:22PM says that BAYC #5537 will become the female manager for the first-ever metaverse group. UMG’s 10:22PM Acquires Bored Ape #5537 for 125 Ether Universal Music Group (UMG) and the firm’s Web3 label 10:22PM explained on Friday that the metaverse group called KINGSHIP now has a new manager. 10:22PM acquired the Bored Ape Yacht Club (BAYC) NFT #5537 for more than $360,000 or 125 ETH at the time of....
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Universal Music Group, often known as UMG, has been a top record label for a very long time – with a big impact on music both from a business and listening perspective. On Thursday, Universal added to their roster of artists with a bit of a twist. Most people are familiar with music group Gorillaz, […]
The digital metaverse band KINGSHIP will include four cartoon members from the Bored Ape Yacht Club NFT collection, and share the same manager as Snoop Dogg. A virtual band made up of four expensive cartoon apes from the Bored Apes Yacht Club NFT collection is hoping to become the next big hit in the music industry. The primate band called KINGSHIP will put out music, perform in the metaverse and release plenty of NFT collectibles. It takes inspiration from Gorillaz, Damon Albarn’s cartoon band.Major music label Universal is backing the unique act and KINGSHIP will join its stable of....
This week Universal Music Group, the Dutch–American multinational music corporation announced the formation of a non-fungible token (NFT) metaverse music group called Kingship, which features four Bored Ape Yacht Club (BAYC) NFTs. Following the announcement, the hit record producer Timbaland revealed the creation of a metaverse-based entertainment company called Ape-In Productions (AIP), which will also leverage BAYC NFTs.
Universal Music Group Reveals BAYC NFT Supergroup Called Kingship
While non-fungible token (NFT) collectibles have been all the rage this year, one....
Bored Ape Yacht Club (BAYC) has been booming lately. It was just a few days ago that we covered the story of a few apes that teamed up with Universal Music Group to form a new band, ‘Kingship.’ Now, Grammy-award winning producer Timbaland is the latest to ‘ape in’ – and we mean that quite […]
Clesson, the operating company of blockchain-based NFT and copyright fee-sharing platform LABEL Foundation, has raised $2 million in equity to further its Web3 mission. It was part of a strategic investment round from eBest Investments and Groom Investment. These two firms have poured money into the leading MOOC and music NFT platform to push it to the forefront of the content industry in the Web3 era. As Web3 has continued to grow and evolve, so, too, do the platforms that exist in this space. With the funding, LABEL Foundation will be able to enhance the platform and bring over new....