Rolling Stone Magazine Teams Up With BAYC For Special Edition NFTs, Scores Second Collab

American magazine Rolling Stone has begun the second phase of its partnership with the Bored Apes Yacht Club (BAYC) NFT series. The New York-based magazine will publish a special edition of digital collectibles with BAYC on Wednesday, June 22. Non-fungible tokens (NFTs) around the Mutant Ape Yacht Club (MAYC) will also be dropped as part of Rolling Stone’s new NFT series. Sales of these NFTs will only be facilitated in ApeCoin for an amount of $100 (approximately Rs. 7,832).

BAYC, the celebrity favorite NFT collectionposted on Twitter about his collaboration with Rolling Stone.

NFT BAYC represent variations of cartoonish and bored monkeys. Snoop Dogg, Justin Bieber, Madonna and Jimmy Fallon among several other celebrities own NFT BAYCs.

Rolling Stone in November 2021 auctioned two digital magazine covers alongside 2,500 limited-edition physical paper zines featuring Bored Ape imagery on its main page. The public response to this launch was apparently ecstatic.

This time, the auction of these expected, one of each, BAYC and MAYC NFT, will last only four hours.

With NFT ownership becoming a trend among crypto holders and celebrities, platforms like the New York Stock Exchange have requested to operate as an NFT marketplace in the future.

In March, the floor price of BAYC NFTs, for example, soared more than 25%. The development was sparked after BAYC’s parent company, Yuga Labs, acquired two other popular NFT collections – CryptoPunks and Meebits.

According reportsNFT’s sales volume exceeded $25 billion (about Rs. 1,84,700 crore) in 2021.

In February, the world premiere NFT vending machine was created in New York and allows unencrypted holders to purchase digital collectibles through their debit and credit cards.

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