On Thursday, the most well-known artist Snoop Dogg released new music as an NFTS-themed album on ApeCoin (APE) and the Bored Ape Yacht Club (BAYC). The album, “Ape Drops 03: An 8th,” comprises eight tracks recorded with other artists Wiz Khalifa.

APE prices shot up following the announcement and are now 17 percent up at $13.8. Since Wednesday, APE has been in an upward trend after reports of BAYC owners Yuga Labs raised $450 million in a round of funding led by venture capital company Andreessen Horowitz.

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Music NFT sale only in Apecoin:

Snoop Dogg announced the sale on Twitter. The tracks are on sale for two days and are only available for purchase using BAYC’s APE token, released via an airdrop earlier this week.

There were reportedly more than 8000 NFTs to purchase and price for each one between 12 APE and 15 APE. Based on the exchange rate currently in place that is now in effect, the price for each token was between $165-$210.

The purchaser can also listen to every track before purchasing it.

While graphics seem to be the most popular media to use NFTs in, it is music that is increasing as well, and have notable albums from artists such as Grimes as well as Kings Of Leon.

Snoop Dogg has an established presence in NFTs:

Calvin Cordozar Broadus Jr, also known as Snoop Dogg, is certainly no newcomer to the realm of NFTs. The rapper is a regular collector on OpenSea and has released many collections of his own, with the most well-known one being “A Journey With the Dogg,” in partnership with Crypto.com. The current “Ape Drop,” as the rapper referred to it, is his third collection.

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In the past, the rapper joined with metaverse operator The Sandbox to release 10,000 avatars that can be played in the virtual world- a move that has boosted the Sandbox’s token SAND.

However, Snoop Dogg isn’t the only celebrity involved in the NFT market. Many artists, like Eminem, Justin Bieber, and Gunna, have started their collections and are actively NFT buyers.

Athletes like Lionel Messi and, more recently, Lebron James were also seen entering the NFT sector. A rise in interest from celebrities is the hallmark of 2021’s NFT growth that saw the market’s valuation increase to $24.9 billion, up from $95 million in 2020, according to figures obtained from Dapp Radar.

Snoop Dogg Share A APECoin Project On Twitter

The collection was minted through Manifold

Source: Google News Trend

By Vil Joe

A writer and editor based out of San Francisco, Vil has worked for The Wirecutter, PCWorld, MaximumPC and TechHive. Her work has also appeared on InfoWorld, MacWorld, Details, Apartment Therapy and Broke-Ass Stuart. In her spare time, she takes too many pictures of her cats, watches too much CSI and obsesses over her bullet journal.

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