World’s Largest Music Company Acquires Monkey NFT

In addition to cryptocurrencies, To NFTs (non-fungible tokens) It is a known fact that the interest in the field has increased astronomically. Although millions of dollars are paid to such assets around the world, many debates arise, we come across a new NFT news every day.

One of the most famous collections that comes to mind when NFT is mentioned, consisting of 10,000 pictures of monkeys, each different from the other. Bored Ape Yacht Club (BAYC) We can say that he has a collection. Many people, including Eminem, Justin Bieber, Post Malone and many more celebrities, have hundreds of thousands of monkey photos in this collection; even millions of dollars. Now, the world’s largest music company has joined the NFT buyers from this collection.

Universal Music gets Bored Ape NFT for a virtual band

According to the news, the multinational music company, which is considered the largest in the world in its field and includes many famous artists such as Drake and Taylor Swift. Universal Music Grouppurchased a Bored Ape NFT for $360K. According to the explanations, this NFT will be used in a virtual music group to be created.

If we explain this a little bit; maybe some of you have heard of the world famous band Gorillaz. Formed by Damon Alban, the lead singer of British rock band Blur, and Jamie Hewlett, creator of Tank Girl comics, the biggest feature of this band is that it is a completely virtual group of members. Here’s Universal Music Group’s Bored Ape move, just like Gorillaz create a virtual group of unreal characters such as.

According to the descriptions, the purchased NFT character, “Manager Noet All” was named. This character will accompany three other different Bored Ape NFTs, borrowed from renowned crypto collector Jim McNeils, and ‘kingship’ It was stated that he would be the leader of a virtual group called In addition, it was among the news that this group will make music and give virtual concerts in the metaverse.

Speaking to Reuters on the subject, McNeils also expressed his excitement about Bored Ape NFTs and the virtual group planned to be created. Universal Music, which first announced the band in November, also stated that Kingship’s new music, NFTs and metaverse He emphasized that he will initiate important moves in the field of art and create a new generation artist profile.

Doubts against NFTs persist

Although interest in NFTs has grown significantly, many people have doubts about these digital assets. Experts think that such assets can be used for malicious purposes such as money laundering. Founder of Ethereum, the second largest cryptocurrency Vitalic Buterine have similar ideas.

Buterin, who we shared with you on the cover of TIME magazine, stated that it was not right to pay millions of dollars to such NFTs by citing monkey photos as an example; it’s a gambling had stated that. Buterin also emphasized that cryptocurrencies should be used for more useful purposes than monkey photos.