Post Malone features BAYC NFTs in new music video with The Weeknd

Rapper Post Malone acquired 2 Bored Ape Yacht Club NFTs for a consolidated 160 ETH by means of a new crypto fintech start-up MoonPay.

Post Malone features BAYC NFTs in new music video with The Weeknd

Rapper Post Malone is the current star to relocate right into nonfungible symbols (NFT) by advertising a significant NFT job and also a cryptocurrency company.

In his most recent partnership with The Weeknd, a music video for “One Right NowMalone purchased an NFT from Bored Ape Yacht Club (BAYC), one of the world’s biggest NFT collections featuring 10,000 unique digital collectibles living on the Ethereum blockchain.

In the video, Malone buys the NFT via MoonPay, a fintech startup focused on providing cryptocurrency payments infrastructure. The firm reportedly plans to reach a valuation of $3.4 billion after conducting its first-ever venture capital round.

Released on Monday, the music video has since amassed over 5 million views.

Apart from the music video, Malone purchased two Bored Apes for a combined 160 Ether (ETH) ($682,000) in TikTok videos by MoonPay.

One of the videos reflects the purchase of the BAYC NFT #9039 for 85 ETH ($362,000) and has over 90,000 views at the time of writing. Another one includes the NFT from the actual “One Right Now”music video, the BAYC NFT # 961, which was purchased for 75 ETH ($ 320,000).

Malone did not invest his very own cash to buy the NFTs and also obviously made some on advertising the NFT collection. The address, which has the 2 Bored Apes NFTs on the OpenSea NFT market, formerly obtained 175 ETH from MoonPay in 2 different purchases. The quantity was right away invested in acquiring the BAYC NFTs on OpenSea, leaving Malone additional 15 ETH ($ 64,000).

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Malone’s address, which has actually currently been confirmed on Etherscan, after that remained to make acquisitions on OpenSea, including even more ETH from Coinbase recently.

Founded by Yuga Labs in April 2021, Bored Ape Yacht Club is just one of one of the most effective NFT jobs, apparently accumulating over $1 billion in trading considering that beginning. At the moment of creating, BAYC is the globe’s third-largest NFT collection after Mutant Ape Yacht Club and alsoAxie Infinity At the moment of creating, BAYC has more than $12.6 million in everyday trading quantities, according to information from CryptoSlam.

BAYC has actually been expanding significantly preferred in the music sector lately, with jobs like the electronic metaverse band Kingship preparation to do utilizing 4 NFTs from the collection, taking motivation from preferred anime band Gorillaz.

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Alex Sanders/ author of the article

Expert in marketing and investment project management, financial analyst. Cryptocurrency trader, private consultant, as well as the author of a number of analytical articles on effective work in the cryptocurrency market.

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