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

Standard 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% greater 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 solely in Apecoin

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 an airdrop final week.

There seemed to be almost 8000 NFTs available for sale in complete, with costs for every token starting from 12 APE to fifteen APE. Based mostly on the present change charge, the worth of every token within the assortment was between $165 to $210.

Customers might additionally pay attention to every monitor earlier than buying it. The gathering was minted by Manifold.

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 energetic collector on OpenSea, and has launched a number of of his personal collections, probably the most notable being “A Journey With the Dogg,” in collaboration with Crypto.com. Right this moment’s “Ape Drop”, because the rapper known as it, is his third assortment.

Lately, 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 isn’t the one celeb that’s energetic within the NFT area. A number of artists, together with Eminem, Justin Bieber, and Gunna, have launched their very own collections, and are energetic NFT patrons.

Athletes together with Lionel Messi, and extra lately, Lebron James, have been additionally seen venturing into the NFT area. Elevated celeb 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 information from Dapp Radar.