NFT: Two Rap Legends Reconcile Thanks to Bored Ape Yacht Club (BAYC)

News hardware NFT: Two Rap Legends Reconcile Thanks to Bored Ape Yacht Club (BAYC)

While the NFT industry has not been at its best lately, it still manages to unite real communities. Notably, Bored Ape Yacht Club (BAYC), one of NFT’s largest collections, has managed to bring two rap legends together around the same show.

The NFT’s Bored Ape Yacht Club (BAYC) and Their Reunification Power

By putting the community at the heart of their development, Yuga Labs’ studio collection has succeeded in creating a real community among Bored Ape owners. As the name suggests, the Bored Ape have the feeling of belonging to a private club.

While there are only 10,000 monkeys in NFT, that hasn’t stopped the Bored Ape community from taking over the internet for quite some time. The collection caused quite a stir and even quickly interested several showbiz personalities.

However, two seem particularly invested in the Bored Ape Yacht Club… The so-called Snoop Dogg and Eminem are avid supporters of bored monkeys. Indeed, the situation of the NFT market does not seem to worry the two rappers anymore, as they are constantly promoting their “blockchained” virtual certificate.

While the two rappers were cold after some of Snoop Dogg’s comments about Eminem’s demotion, they made peace under the effigy of the NFT Bored Ape. Last June, with the clip “From the D 2 the LBC”, Eminem and Snoop Dogg put themselves in the shoes of their avatars Bored Ape – the perfect opportunity to make peace.

In addition to the reconciliation motif, the clip illustrating the Bored Apes is a huge success with 48 million views at the moment.

Bored Apes at the MTV Video Music Awards

Therefore, after this episode, the artists decided to repeat the experience on stage at the MTV WMA 2022. The event that took place last Sunday rewards the best clips of the year.

Always very excited about the idea of ​​web3 technologies, Snoop Dogg and Eminem are once again putting the spotlight on the metaverse and NFTs. In particular, the two artists took this opportunity to: performing in the Otherside metaverse and proudly embodying their respective Bored Ape NFTs
Bored Ape respectively.

NFT: Two Rap Legends Reconcile Thanks to Bored Ape Yacht Club (BAYC)

The unusual performance came as a surprise to everyone, especially since the two rappers have not taken the stage together since 1999. So it is safe to say that NFT technology plays a key role in reconciling these two legends.

The event also allowed rappers to re-democratize the use of NFTs.

The usefulness of property rights of bored monkeys

While many see NFT technology as virtual art, some push its use further by taking advantage of the intellectual property rights they provide – as evidenced by Snoop Dogg and Eminem’s use of Bored Ape. By using the Bored Ape in their art, they commercially exploit their monkey head avatars.

This notion of intellectual rights is central to the NFT ecosystem. The majority of the collections give, in addition to the work, exclusive rights to the holder of the NFT.

For example, many holders have used their NFT to promote various activities. At the heart of the speculative bubble, some members of the Bored Ape Yacht Club took advantage of their NFT to get a springboard and work as advisors. Because the collection was very popular, a majority viewed the members of the club as more than legitimate stakeholders.

About Bored Ape Yacht Club

About NFTs

What is an NFT?

An NFT is the abbreviation of Non Fungible Token or non-fungible token in French. NFTs are cryptographic tokens issued on a blockchain.

By leveraging this technology in the creation of cryptocurrencies, NFTs enroll inviolable properties in this virtual registry. As a result, NFTs are real proofs of digital ownership.

Is an NFT necessarily an image?

A distinction must be made between an NFT and the associated object. After all, the non-fungible token is primarily a virtual certificate of ownership and not the digital file as such. An NFT is usually associated with a photo or video, but it can also take the form of text, music, or any other digital or physical format.

What is an NFT used for?

NFTs are generally used to assert proprietary rights online. For example, the owner of a token of a virtual work can collect royalties, ensure respect for the intellectual property of his digital object, etc.

In particular, this feature has enabled the NFT to shine in art by creating value and rarity in digital images available on the Internet. In addition to art, this technology also offers multiple applications in different sectors such as in video games, the traceability of a product, etc.

How is the value of an NFT defined?

These tokens are non-functioning i.e. they have a unique value unlike cryptos, which are fungible (1 bitcoin = 1 bitcoin).

The price of an NFT is therefore arbitrarily determined by the owner of the token. This price is usually in cryptocurrency, usually in Ether (ETH).

How to buy and sell NFTs?

NFTs are generally bought or resold on trading platforms such as Opensea or Foundation.

What is an NFT coin?

The “Mint”, or strike in French, is the first process of selling a token. To be a permanent part of the blockchain ledger, these new tokens must be mint. Through this action, the user comes to complete a transaction with his fees to see his token appear first hand on the blockchain.

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