TL;DR Breakdown
• Timbaland seeks to link the NFTs to the metaverse like Universal Music Group.
• The producer reveals that the virtual band’s first single will be released on Wednesday, November 17.
The NFT trade has proven global availability, and thousands of enthusiasts, including music producers, can join its system. Recently, rapper, songwriter, and music producer Timbaland announced that he would be getting involved in the NFT metaverse.
The American rap producer said that his interest in the non-fungible market is very great, and that is why he seeks to develop his project. However, Timbaland’s ambitions are focused on virtual auctions and the metaverse, so he seeks to merge both elements with Ape-In Productions, his new NFT.
Timbaland creates a unique metaverse linked to NFTs
The rapper has not only been creative in making catchy lyrics that appeal to young people but he’s also excelled in the NFT trade. Timbaland believes that the metaverse could be linked to non-fungible token trading through its “Ape In Productions” plan to show live music sold as an NFT piece.
Something curious is that before the project’s launch, the producer had already digitally hired a team in his brand. The team has the zoo’s name and comprises the Bored Ape Yacht Club collection. Some zoo’s characters are Safari Ferrari, Lincoln Aperaham, Congo, Wurdz Smith, and Oro Blanco. Next Wednesday, November 17, his first single will be released.
Timbaland explains that they have created a digital platform that allows entertainment between artists and music fans with his work team. The producer includes that his NFT collection linked to the metaverse could be a success that many artists will benefit from soon. Following the launch of the NFT-based music project, other production companies may want to follow the artist’s lead.
Bored Ape Yacht Club supported by Universal Music
The third week of November started well for the music industry, cryptocurrencies, and NFT commerce because Universal Music Group has announced the creation of a music group that would link the NFTs and the metaverse. According to reports, the American production company launched its Kingship project supported by four non-fungible pieces from the BAYC collection.
Universal Music Group includes that its Kingship project was born from enthusiasts’ attraction towards the NFT collection. Figures indicate that BAYC’s NFT collection is valued above $1.80 billion, and its adoption volume exceeds $600 million over the year. The charts also show that over 9 thousand enthusiasts have traded the NFT collection to the non-fungible market.
The non-fungible collection’s fame inspires the musical group’s development, such as Kingship from Universal Music Group and the zoo brought by producer Timbaland. These technological developments will also cause the metaverse to grow faster than predicted by experts.
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