Another exciting news from the world of NFT’s, bored apes have been hugely successful in that space. Most people are not convinced about the real value of NFT’s, I am still on fence about it at times myself. I managed to create my own non-fungible token art and considered collecting some in the future. But it’s very early in the game, so it’s good to see more and more news about bigger names jumping into it. For now I am staying on top the news and keeping a close eye on this space and how it develops in the future.
Music producer Timbaland has launched Ape-In Productions, which will create music and animation around user-owned Bored Ape Yacht Club NFT avatars.
The company will release its first single from a virtual hip-hop group called TheZoo next week, alongside its first NFT collectible.
If you are still not sure what NFT are, here is a good short primer:
An NFT acts like a deed of ownership to a rare digital item, as recorded on a blockchain. It can take the form of a profile picture, digital illustration, music file, and more. The market exploded over the course of 2021, including $10.67 billion worth of trading volume in the third quarter.