Snoop Dogg & Wiz Khalifa Launch ApeCoin-Themed Music NFTs; APE Price Soars

Common rapper Snoop Dogg on Thursday launched new music as NFTS themed round ApeCoin  (APE) and the Bored Ape Yacht Membership (BAYC). The gathering, titled “Ape Drops 03 : An eighth,” consists of eight tracks made in collaboration with fellow rapper Wiz Khalifa.

APE costs soared after the transfer, buying and selling 17% increased at $13.8. The token has been on an uptrend since Wednesday, following information that BAYC proprietor Yuga Labs  raised $450 million in a funding spherical led by enterprise capital agency Andreessen Horowitz.

Music NFT sale completely in Apecoin

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Snoop Dogg introduced the sale on twitter. The tracks can be found for buy for 2 days, and might solely be purchased in BAYC’s APE token, which was launched by way of an airdrop final week.

There seemed to be practically 8000 NFTs available for sale in complete, with costs for every token starting from 12 APE to fifteen APE. Primarily based on the present change price, the value of every token within the assortment was between $165 to $210.

Customers might additionally hear to every observe earlier than buying it. The gathering was minted by way of Manifold.

Snoop Dogg and ApeCoin
One of many graphics featured within the “Ape Drop”

Whereas graphics look like the preferred medium for NFTs,  music NFTs are choosing up in reputation, with notable releases from artists together with Grimes and Kings Of Leon.

Snoop Dogg a longtime presence in NFTs

Calvin Cordozar Broadus Jr, extra popularly know as Snoop Dogg, is not any stranger to the world of NFTs. The rapper is an lively collector on OpenSea, and has launched a number of of his personal collections, essentially the most notable being “A Journey With the Dogg,” in collaboration with Immediately’s “Ape Drop”, because the rapper referred to as it, is his third assortment.

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Not too long ago, the rapper tied up with metaverse operator The Sandbox to launch 10,000 playable avatars for the digital space- a transfer that had boosted Sandbox’s token SAND.

However Snoop Dogg is just not the one movie star that’s lively within the NFT area. A number of artists, together with Eminem, Justin Bieber, and Gunna, have launched their very own collections, and are lively NFT consumers.

Athletes together with Lionel Messi, and extra not too long ago, Lebron James, had been additionally seen venturing into the NFT area. Elevated movie star curiosity is a trademark of 2021’s NFT increase, which noticed market valuation leap to $24.9 billion  from $95 million in 2020, in response to knowledge from Dapp Radar.

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