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Music group paid $360,000 for a monkey NFT

Kingship will be a virtual band that will perform in the metaverse. Universal Music Group gave $360,000 for NFT monkey to lead the band.

Universal Music Group has decided to invest in the global NFT craze and has acquired NFT-drawn monkey to lead an all-virtual band that will perform in the metaverse.

Announced that they paid $360,817 for Bored Ape #5537, a female animated character named Manager Noët All, who will lead the Kingship group.

The number of virtual music groups is on the rise

It seems that we will see many more music groups moved to the virtual environment in the coming years, and even many music groups have already entered this field.

Gorillaz is probably the most famous example created by Blur’s Damon Albarn, who has released seven popular albums. Japan also has a hologram popular singer Hatsune Miku.

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Mehmet is one of the administrator of Teknonel. As a software developer, he loves to share his knowledge in related topics. He is highly familiar with the editorial process from the inception of an article idea, through the iterative process, publishing, and performance analysis as well as product reviews.

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