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Universal Music Group’s Web3 Label Purchases Bored Ape For 360K USD In ETH

Universal Music Group’s Web3 label dubbed 10:22PM recently divulged that it bought the Bored Ape Yacht Club NFT #5537 for over three hundred and sixty thousand dollars. 10:22PM mentions that BAYC #5537 will become the female manager for the first-ever metaverse group.

Universal Music Group divulged the Web3 label 10:22PM and the KINGSHIP group in the month of November, last year. On the same day, the hit record producer professionally known as Timbaland announced the launch of a BAYC entertainment label called Ape-In Productions (AIP). The metaverse group KINGSHIP includes a Mutant Ape Yacht Club NFT and 3 Bored Ape NFTs.

The announcement reveals that in addition to buying the latest BAYC, KINGSHIP’s official website and Discord have been launched. The new site and Discord channel are intended to “provide fans and the collector community with information about the group’s activities, new developments including access to the allowlist and future activations.”

The announcement concludes that as the manager of the group, Manager Noët All will assist in driving the storyline and permit them to communicate with the community. They hope to make the KINGSHIP universe as entertaining and immersive as possible, while concurrently creating value for holders.

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