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Snoop Dogg and Wiz Khalifa Release ApeCoin-Themed Music NFTs, Boosting the APE Price

Snoop Dogg, a popular rapper, released new music as NFTS on Thursday, based around ApeCoin (APE) and the Bored Ape Yacht Club (BAYC). “Ape Drops 03: An 8th” is a collection of eight songs produced in conjunction with fellow rapper Wiz Khalifa.

Following the move, APE prices skyrocketed, reaching $13.8, up 17 percent. Following news that BAYC owner Yuga Labs had raised $450 million in a funding round led by venture capital firm Andreessen Horowitz, the token has been on the rise since Wednesday.

On Twitter, Snoop Dogg confirmed the sale. The music are only available for two days and can only be purchased with BAYC’s APE token, which was distributed via an airdrop last week.

There looked to be almost 8000 NFTs avaliabe for sale, with prices ranging from 12 to 15 APE per token. Each token in the collection cost between $165 and $210, depending on the current exchange rate.

Each tune could also be listened to before being purchased. Manifold was responsible for the creation of the collection.

While graphics tend to be the most common kind of NFT, music NFTs are gaining traction. That’s, with major releases from bands such as Grimes and Kings Of Leon.

Calvin Cordozar Broadus Jr, better known by his stage name Snoop Dogg, is no stranger to NFTs. On OpenSea, the rapper is an enthusiastic collector who has started several of his own collections.

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