Universal Music Group appears to have significant objectives for Kingship, its very first NFT band, as it recorded four brand names comparable to the Bored Ape Yacht Club NFT that was named the band leader.
According to CoinDesk, Universal Music Group documented the brand names on March 31 for “crypto tokens, utility tokens, application tokens and non-fungible tokens “plus online retail store services featuring physical and virtual merchandise.” As of composing, the recording has been acknowledged yet will be yet to be passed to an analyzing attorney.
Earlier this March, the music organization gained Bored Ape #5537 for 125 ETH (roughly $360,000 USD at that point, yet at around $470,000 USD as of composing) and named it the head of Kingship, the NFT band made by the Web3 mark 10:22 PM. Author Celine Joshua partook in a statement,
“Creating KINGSHIP has been incredibly fun and imaginative. I started 10:22PM to push the boundaries of innovation in the music industry and with KINGSHIP, we’re literally inventing what’s possible in real time. Just as we would with any artist or creator, my team and I will work with KINGSHIP to sharpen their vision and develop their unique sound. Each member of the group has their own story and personality that influences and contributes to KINGSHIP’s overall narrative. Through music and events across the metaverse, we will bring the Apes in KINGSHIP to life by building communities and utility, and entertaining audiences around the world.”
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