Rappers Snoop Dogg and Wiz Khalifa Announce ApeCoin-backed NFT Collection

Rappers Snoop Dogg and Wiz Khalifa Announce ApeCoin-backed NFT Collection

The two crypto-friendly rap stars have launched their NFT collection following the release of ApeCoin.

On March 24th, Snoop Dogg posted an announcement on social media that he and Wiz Khalifa have launched "a special project $APE COIN only" NFT collection, meaning that the digital assets will be sold only to holders of the APE token.

By looking at the official website, each NFT has a limited number of copies, ranging from 410 to 990 assets. Fans are able to obtain one of these NFTs for 12-15 $APE coins (~$158 to $198).

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In fact, the NFTs are paired with exclusive tracks from the two artists that are based on the Bored Ape Yacht Club collection. However, it is not specified whether the songs will carry any streaming royalties.

The sale for the SnoopAndWiz collection will end approximately 17 hours after this article has been published.

While most rappers choose to ride the BAYC wave, other artists decided to build their own NFT projects. Back in January, New York’s rap legend Nas launched his music-based NFT collection with a percentage of streaming royalties given to the owners.

ApeCoin has been on a quite stable trajectory since its release, with a 3.58% decrease over the past 24 hours, averaging $13.29 per token.

Dom Z. - Crypto Analyst

by Dom Z. - Crypto Analyst, BitDegree


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