Bored Ape Yacht Club Sees Volume Uptick Following Snoop Dogg and Eminem Music Video

Bored Ape Yacht Club has traded nearly 1,000 ETH today with an average sale price of more than 100 ETH per NFT, the first time this has happened since last Monday, according to data from OpenSea.

The uptick in the project's total volume traded comes after rap legends Snoop Dogg and Eminem revealed their most recent music video, which features Snoop's Dr. Bombay (BAYC #6723) and Eminem's Bored Ape (BAYC #9055), at ApeFest during NFT NYC. 

The song featured in the music video, "From The D 2 The LBC," is the first collaboration between Eminem and Snoop in years (not including their joint performance at SuperBowl LVI).

The video, which was posted to Eminem's official YouTube account with more than 50 million subscribers, has more than 5 million views already and is already trending #7 on YouTube in the music category.

In comparison, his hit single with Juice WRLD, "Godzilla," has 52 million views in two years. 

Arguably the most successful NFT project, the Bored Ape Yacht Club (BAYC), is a collection of 10,000 uniquely generated bored apes that are stored on the Ethereum blockchain. Launched on April 23, Bored Ape Yacht Club had a mint price of 0.08 ETH and the collection sold out on April 30, 2021. Since its launch, the project has dropped multiple companion collections including Bored Ape Kennel Club, Mutant Ape Yacht Club, and Otherdeed for Otherside, and has helped onboard a number of high profile and celebrity collectors to the NFT ecosystem.
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