Rolling Stone to release 2 NFTs in partnership with BAYC

Rolling Stone and BAYC person teamed up to merchandise 2 nonfungible tokens (NFTs), 1 of which volition beryllium a BAYC and the different a MAYC.

Of this these 2 NFTs, 1 volition beryllium a BAYC and the different MAYC.

The tweet work that the NFTs are acceptable to debut connected June 22, and the unrecorded auction “will beryllium accompanied by a 4-hour merchantability for collectible creation prints of each design”.

The collab NFTs volition spell unrecorded for auction astatine 6/22 astatine 9am ET, and volition beryllium accompanied by a 4-hour merchantability for collectible creation prints of each design. Sales volition beryllium successful ApeCoin-only for the equivalent of $100, and unfastened to the public. Links posted present erstwhile live.

— Bored Ape Yacht Club (@BoredApeYC) June 20, 2022

In addition, aspiring collectors volition beryllium capable to marque purchases utilizing Apecoin astatine the equivalent of $100. ApeCoin (APE) was trading astatine $4.39 arsenic of property time.

The concern marks the 2nd clip Rolling Stone and BAYC are partnering to merchandise NFTS. Last November 2021, the 2 collaborated to merchandise 2 integer mag covers.

The media and web3

Rolling Stone, earlier successful January, partnered with Coinbase to merchandise an exclusive NFT for the ace bowl. The driblet marked Rolling Stone’s instrumentality to the ace vessel and featured a collaboration with 12 different artists.

However, rolling Stone is 1 of respective people publications venturing into the NFT space.

In March 2021, the New York Times auctioned an NFT of its file and sold it for $560,000. In the aforesaid period, Time Magazine sold 4 NFTs of its integer mag covers for a full of $446,000.

The Economist sold a screen of its mag for $419,000 successful October 2021. Fortune Magazine and Playboy Magazine besides adhd to a database of media houses that person ventured into the NFT space.

BAYC caught successful the crypto winter

The utmost crypto marketplace conditions arsenic deed the NFT collection. A caller study covered that the postulation had recorded a alteration successful its terms aft hitting a bottommost terms of 72.503 ETH ($86,000) connected June 13.

Nonetheless, the postulation continues to support the apical spot.

The station Rolling Stone to merchandise 2 NFTs successful concern with BAYC appeared archetypal connected CryptoSlate.