Universal Music Group (MG) has been known as the best record label for a very long time, which has had a huge impact on music both in the business sphere and in terms of quality. On Thursday, Universal announced some changes to its lineup of artists, and the first NFT group Kingshiphe announced the .
The First NFT Music Group Kingship
Kingship comes across as a group of four members, all of whom are digital. So the band does not have a physical identity and instead they will meet with their fans as an NFT. So this has the potential to be a wave that can completely change the way we view artists. The Kingship consists of a Mutant Monkey and three Bored Ape characters, including the rare Golden Fur and Bluebeam Apes.
According to the statements made, Bored Ape and Mutant owners will have early access to the group’s NFT publications and experiences. 10:22PM “As we do with every artist or creator, my team and I will be working with Kingship to sharpen their vision and develop their unique sound,” explained Celine Joshua, founder of the brand, at 10:22PM..
Each member of the group has their own story and personality that influences and contributes to the overall purpose of Kingdoms. 10:22PM will create the past stories for the Apes and eventually provide unique music experiences to the buyers NFT his performances will sell out. This will also include concerts in the metaverse.
The Latest Situation in NFTs
NFTs have provided great advantages for some investors and early adopters. For example; Bored Ape Yacht Club, is a collection of thousands of unique digital artworks depicting bored monkeys. At the end of October 2021, a monkey was sold for $ 3.4 million. According to the online marketplace OpenSea, two of the NFTs in the Kingdom are currently worth about $125,000.
In addition, the group uses a different approach to october fans. Normally, content in music and entertainment is the key to gaining fans. Kingship will give you a wonderful NFT but at the same time, he stops focusing only on the backstage, allowing people to get closer to the group.