{"id":14286,"date":"2021-11-14T06:54:03","date_gmt":"2021-11-14T06:54:03","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/two-entertainment-projects-featuring-bored-ape-yacht-club-nfts-get-backing-from-universal-music-group-timbaland\/"},"modified":"2021-11-14T06:54:03","modified_gmt":"2021-11-14T06:54:03","slug":"two-entertainment-projects-featuring-bored-ape-yacht-club-nfts-get-backing-from-universal-music-group-timbaland","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/two-entertainment-projects-featuring-bored-ape-yacht-club-nfts-get-backing-from-universal-music-group-timbaland\/","title":{"rendered":"Two Entertainment Projects Featuring Bored Ape Yacht Club NFTs Get Backing From Universal Music Group, Timbaland"},"content":{"rendered":"

This week Universal Music Group, the Dutch\u2013American 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.<\/strong><\/p>\n

Universal Music Group Reveals BAYC NFT Supergroup Called Kingship<\/h2>\n

While non-fungible token (NFT) collectibles have been all the rage this year, one particular collection called Bored Ape Yacht Club (BAYC)<\/a> has turned a lot of heads in terms of sales and popularity.<\/p>\n

Data shows<\/a> that BAYC has an overall market valuation of $1.82 billion and the collection has seen $658 million in all-time sales volume, according to dappradar.com statistics. BAYC\u2019s trade volume has been among 9,296 traders across 22,122 sales. The average sale price for a single BAYC NFT on November 13th is around $29.74K.<\/p>\n

BAYC\u2019s popularity has inspired one of the largest music firms in the world, Universal Music Group (UMG) to start a metaverse supergroup called Kingship. Reports<\/a> indicate that the \u201c10:22PM<\/a>\u201d project\u2019s founder, Celine Joshua, started the Kingship initiative with the popular NFT collector Jimmy McNeils<\/a>.<\/p>\n<\/p>\n

The 10:22PM web portal\u2019s description says: \u201cAs Universal Music Group\u2019s next-gen Web3 label, 10:22PM has been discovering, developing and empowering artists, digital creators and brands since 2018.\u201d Every one of Kingship\u2019s four members, Celine Joshua, told the press; \u201chas their own story and personality that influences and contributes to Kingship\u2019s overall narrative.\u201d<\/p>\n

Hit Record Producer Timbaland Reveals Ape-In Productions<\/h2>\n

Following UMG\u2019s and 10:22PM\u2019s announcement, Timothy Mosley, known professionally as Timbaland, announced the launch of a BAYC entertainment label called Ape-In Productions (AIP). Speaking with the news publication Variety, Timbaland revealed<\/a> that the hit record producer said AIP aims to bolster creators.<\/p>\n

\u201cWe\u2019ve built a new entertainment platform in the metaverse that puts creative control and long-term ownership back in the hands of artists, a concept that is incredibly important to us,\u201d Timbaland told the Variety contributor Jem Aswad.<\/p>\n<\/p>\n

According to Variety\u2019s report, AIP will reveal a music group called \u201cThezoo\u201d and a track which will be tethered to an NFT collectible called \u201cApesh!t.\u201d The report further adds that AIP was developed by Timbaland and a number of BAYC community members. Jonathan Tenenbaum, Andrew Rosener, Gary Marella, Clement Kwan, and Timbaland\u2019s Beatclub<\/a> will also contribute.<\/p>\n

What do you think about the entertainment firms leveraging Bored Ape Yacht Club NFTs? Let us know what you think about this subject in the comments section below.<\/strong><\/em><\/p>\n

Bitcoin News
\nNews, $1.82 billion, 10:22PM, Andrew Rosener, Ape-In Productions, BAYC, Beatclub, Bored Ape, Bored Ape NFTs, Bored Ape Timbaland, Bored Ape Yacht Club, Celine Joshua, Clement Kwan, Gary Marella, Jem Aswad, Jimmy McNeils, Jonathan Tenenbaum, music, nft, NFT collection, NFTs, Non-fungible Token, Thezoo, Timbaland, Timothy Mosley, UMG, Universal Music Group<\/p>\n","protected":false},"excerpt":{"rendered":"

This week Universal Music Group, the Dutch\u2013American 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…<\/p>\n","protected":false},"author":0,"featured_media":14287,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-14286","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/14286"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=14286"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/14286\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/14287"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=14286"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=14286"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=14286"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}