Snoop Dogg and Wiz Khalifa launch ApeCoin Themed Music NFTs

Snoop Dogg and Wiz Khalifa launch ApeCoin Themed Music NFTs

  • On Thursday, RAP legend and NFT icon Snoop Dogg launched new music as NFTs themes on ApeCoin (APE) and the Bored Ape yacht membership (BAYC).
  • The album, “Ape Drops 03: An eighth,” contains eight tracks recorded with Wiz Khalifa.

Rapper Snoop Dogg has launched a musical NFT in partnership with Wiz Khalifa. The theme of the NFT assortment is Bored Ape Yacht Membership (BAYC) and ApeCoin (APE), well-known tasks which have been making headlines. The gathering consists of eight modules. With the looks of this assortment, there appears to have been a worth enhance on APE.

On March 17, the mega-famous NFT Bored Ape Yacht Membership (ApeCoin, the native token for BAYC) and Mutant Ape Yacht (MAYC) collections have been launched. In lower than every week, it turned one of many prime 100 cryptocurrencies by market worth. APE shortly appeared on the main centralized exchanges reminiscent of KuCoin, Binance, and Coinbase

Apecoin was initially launched as a giveaway to NFT Bored Ape Yacht Membership and Mutant Ape Yacht Membership homeowners. The value of the token rose sharply this week and commenced buying and selling at $10.96 on Monday. The token is up 67.5 p.c this week. Snoop Dogg and Wiz Khalifa’s launch had an impression on the 19.6 p.c rise within the final 24 hours.

Snoop Dogg introduced the sale on Twitter. The tracks are on sale just for 2 days and are solely out there for buy utilizing BAYC’s APE token, launched through an airdrop earlier within the week.

APE costs jumped after the announcement and are actually up 18 p.c to $14.2. APE has been on an uptrend since Wednesday after BAYC homeowners introduced that Yuga Labs had raised $450 million in a funding spherical led by enterprise capital agency Andreessen Horowitz.

Snoop Dogg and NFT

American rapper Snoop Dogg shouldn’t be new to the world of NFT, having beforehand reported that he’s Cozomo de’ Medici, who has amassed a set of 247 NFT tokens, together with 9 CryptoPunks. DappRadar values it at $17.7 million.

Snoop Dogg created the Twitter account Cozomo de’ Medici in August 2021 and has since gained 37,000 followers. Throughout that point, he has reported on his investments in NFT, demonstrating deep material experience.

Along with cryptopunks price between $348,250 and $4.73 million and ten Meebits, his portfolio contains generative photos. Amongst them are NFT constituents “Fragments of an Infinite Area” by artist Monica Rizzolli, bought on the Artwork Blocks market.

Additionally earlier, the hip-hop legend introduced that his label Loss of life Row Information would be the first NFT label. By the way in which, he had purchased it six weeks earlier.

“We’re going to be bringing new artists into the meta universe… We blew up the trade after we have been the primary impartial rappers, now we’re gonna do it once more within the meta universe,” Snoop stated.

The fascinating factor is that this man began his profession with the Loss of life Row label. Thirty years later, he turned its proprietor.

Effectively, it’s positively a step into the long run. We advise you to look at the music NFT very carefully as a result of quickly they are going to flip the trade the other way up.

Additionally learn: Rapper Snoop Dogg dives deeper into NFTs by partnering with the Sandbox metaverse recreation

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