Rolling Stone and BAYC have collaborated to release two non-fungible tokens (NFTs). One of them is BAYC and the other is MAYC.
Of these two NFTs, one is BAYC and the other is MAYC.
According to the tweet, the NFT will debut on June 22nd, and the live auction will be “accompanied by a four-hour sale of collectable art prints for each design.”
The collaboration NFT will be auctioned on June 22nd at 9am (Eastern Time) for a 4-hour sale of collectable art prints for each design. It will be sold at ApeCoin-it’s only worth $ 100 and will be open to the public. The link posted here during the live.
— Boring Ape Yacht Club (@BoredApeYC) June 20, 2022
In addition, ambitious collectors can buy using Apecoin for $ 100. ApeCoin (APE) was trading at $ 4.39 at the time of the press.
This is the second partnership between Rolling Stone and BAYC to release NFTS. Last November 2021, the two worked together to release two digital magazine covers.
Media and web3
Rolling Stone partnered with Coinbase in early January to release a Super Bowl-only NFT. This drop showed Rolling Stone’s return to the Super Bowl and featured collaborations with 12 other artists.
However, Rolling Stone is one of several printed matter that has advanced into the NFT space.
In March 2021, the New York Times auctioned the column’s NFT and sold it for $ 560,000. At the same time, Time Magazine sold four NFTs on the cover of Digital Magazine for a total of $ 446,000.
The economist sold the magazine cover for $ 419,000 in October 2021. Fortune and Playboy magazines have also been added to the list of media houses that have entered the NFT space.
BAYC caught up in the crypto winter
Extreme crypto market conditions have hit the NFT collection as well. According to a recent report, the collection recorded a decline in prices after reaching a low of 72.503 ETH ($ 86,000) on June 13.
Nevertheless, the collection continues to be at the top.
