Guy Oseari, U2's music heavyweight manager, and Madonna have signed an agency agreement with Yuga Labs to expand the Boft Ape Yacht Club (BAYC) NFT project to include film, television, music, and games.
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Guy Oseari, U2's music heavyweight manager, and Madonna have signed an agency agreement with Yuga Labs to expand the Bored Ape Yacht Club (BAYC) NFT project to include film, television, music, and games. Yuga Labs' move comes a month after Larva Labs, creator of CryptoPunks, signed a Hollywood agency deal with United Talent Agency. Oseary added BAYC to its stellar roster, which includes U2 and Madonna, comedian Amy Schumer and the Red-Hot Chilli Peppers. The announcement was shared via Variety on October 12, with Oseary emphasizing that despite the success of the BAYC project, Yuga Labs is still a relatively unknown brand, suggesting there is a lot of potential for the company to grow:
"Many people have never heard of the South, but they are one of the year's highest-grossing talents in any art form, including music and film. BAYC NFT has grown into a highly coveted asset over the past few months, with a collection of 101 bored NFT monkeys selling for $24 million at auction on September 10. adorable monkeys, while gaming company Metaverse Sandbox bought gold monkeys for 740 Ethereum (ETH) on September 6. "We have many ambitious projects in the works and are grateful to have Guy's experience as we introduce the club to this new chapter for the benefit of the entire BAYC community," said Yuga Labs.
According to CryptoSlam, BAYC NFT has generated more than $555 million in aftermarket sales since its launch in April. The minimum price is 37.08 ETH, which is around $130,000 at the time of publication. While insignificant, it is currently 51% below its high of 76.8 ETH ($269,000) on September 30. Oseary also emphasized that the Yuga Labs agency agreement will provide many opportunities for BAYC NFTS hotels, noting that: "They are originals who strengthen the community of NFT owners by giving them IP rights to the monkeys they buy and constantly creating opportunities to add benefits and uses to the purchased artwork." "The monkeys at Yuga Labs and I have a lot of interesting community initiatives and we look forward to sharing them soon," he added.
The announcement was shared via Variety on October 12, with Oseary emphasizing that despite the success of the BAYC project, Yuga Labs is still a relatively unknown brand, suggesting there is a lot of potential for the company to grow: "Many people have never heard of the South, but they are one of the year's highest-grossing talents in any art form, including music and film. BAYC NFT has grown into a highly coveted asset over the past few months, with a collection of 101 bored NFT monkeys selling for $24 million at auction on September 10. adorable monkeys, while gaming company Metaverse Sandbox bought gold monkeys for 740 Ethereum (ETH) on September 6. "We have many ambitious projects in the works and are grateful to have Guy's experience as we introduce the club to this new chapter for the benefit of the entire BAYC community," said Yuga Labs.
According to CryptoSlam, BAYC NFT has generated more than $555 million in aftermarket sales since its launch in April. The minimum price is 37.08 ETH, which is around $130,000 at the time of publication. While insignificant, it is currently 51% below its high of 76.8 ETH ($269,000) on September 30. Oseary also emphasized that the Yuga Labs agency agreement will provide many opportunities for BAYC NFTS hotels, noting that: "They are originals who strengthen the community of NFT owners by giving them IP rights to the monkeys they buy and constantly creating opportunities to add benefits and uses to the purchased artwork." "The monkeys at Yuga Labs and I have a lot of interesting community initiatives and we look forward to sharing them soon," he added.
An upcoming project for BAYC is the introduction of its own token, with the team announcing on Twitter last Friday that it will launch ERC-20 in the first quarter of 2022. BAYC says that token introduction takes “minutes”, but is careful to design “legally compliant tags.” " which is set "responsibly". Major crypto exchange Coinbase has announced that it will open a waiting list for the intangible market, which will start later this year. In a blog post Tuesday, Sanchan Saxena, VP of Products and Ecosystems at Coinbase, said the incompatible token marketplace, or NFT, will allow its users to discover, buy, discover, and display tokens based on Ethereum. According to Saxena, this offering will allow creators to maintain control over their artwork "through decentralized contracts and metadata transparency" with all NFTs in the chain.
Coinbase's announcement follows cryptocurrency exchange FTX and its US-based subsidiary, launching a marketplace where consumers can trade NFTs in chains via the Ethereum and Solana blockchains. Binance, the world's largest cryptocurrency exchange, entered the NFT market in June and launched a marketplace designed to minimize transaction fees. With 68 million verified users and 8.8 million monthly active users in the second quarter of 2021, Coinbase's entry into the NFT industry could create competition for established markets like OpenSea and Rarible. OpenSea product manager Nate Chastain has been criticized for using incendiary wallets to buy NFT on the platform so that the artwork on the website's front page gets more exposure. The platform mainly uses Ethereum which dominates the sales in the NFT market.
According to DappRadar, OpenSea's total transaction volume at the time of publication was $8.7 billion, making it the largest NFT market. Pokemon sales via Pokemon-inspired Axie Infinity ranks second with $2.5 billion.
