the past two weeks He had Many of Bad News For some in the “Web 3” space, but you wouldn’t know it by looking at ads in and around NFT.NYC And the Upvest 2022 events. The annual Bored Ape Yacht Club (BAYC) event in particular brought musicians such as The Roots, LCD Soundsystem, Haim, Lil Baby, Lil Wayne and others to perform for its members. On the last day of the event, guests watched the premiere of this video From two celebrities who have purchased tokens, Eminem and Snoop Dogg.
video for new song, From D 2 The LBC, isn’t the memorable collaboration mostly related to cannabis smoking, but it’s constantly split into cartoonish monkey images. Several BAYC members were disappointed in February when both men performed at the Super Bowl halftime show, and although they appeared during a crypto ad viewing event seemingly every few minutes, they failed to highlight their endeavors on Web 3.
The price of ApeCoin fell 39 percent in the last month to $4.51 after peaking in late April at more than $23, while the values of Bitcoin and Ethereum are also about 38 percent lower than they were 12 months ago. The The Wall Street Journal He wrote on May 3 that “Flat NFT salesThe numbers have generally not improved since then. This report cited NFT from private group Snoop, Doggy #4292, which sold for more than $33,000 a few months ago. Its owner currently lists the item for sale for nearly $11 million, and while the highest bid at press time was $210, someone is now offering $1,218. You can watch the animation or download HD still images from its source website over hereFree.
Despite this, BAYC owners can now tag music that uses characters from the club they’ve spent a lot of money joining. Plus, they got to see Snoop Dogg’s real performance, no The fake that some 3 web companies deceived people this week during NFT.NYC.
Both rappers’ NFTs were acquired through third parties in December, around the time of the recent Bitcoin and Ethereum price peaks. Six digital agency deal cost ETH 123.45 to acquire Eminem Bored Monkey #9055. At the time, this was about $460,000, but now it’s about $150,000.
Monkey icon associated with Snoop Dogg, #6723transferred in a transfer from the previous owner’s wallet, not a sale at a price registered on the blockchain, which is enabled by MoonPay. The company focused on making it easier for celebrities to buy expensive NFTs It also makes it difficult to track exactly how these celebrity tokens are obtainedIt is already paying the highly publicized prices.
Unlocking the ability for token owners to use monkey images in their creative or commercial endeavours is part of Bored Ape Yacht Club’s strategy, even if it’s not clear why or how this will increase the appeal of people who haven’t spent six figures on the NFT. the way they see it, This is the beginning of a new media industrywith the intellectual property rights associated with digital tokens with monetization flowing to all associated with them.
The truth about NFTs and copyrights is more complicated than that – you can Follow our explanation of the state of things here. But for now, the parties continue, with plenty of things for BAYC owners to sell Yuga Labs to members who are still permanents, like goods And the Earth promises in the metaverse that has yet to be released.
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