New KINGSHIP NFT Project Sees Volume Uptick, Floor Price Drop

New KINGSHIP NFT Project Sees Volume Uptick, Floor Price Drop
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KINGSHIP, an NFT project created by a musical "supergroup," saw its volume increase by 1,720 percent over the last six hours with 372 total sales. The uptick in volume, however, negatively impacted the project's floor price, which dropped 34 percent to 0.16 ETH.

KINGSHIP, which uses the IP of three rare Bored Ape Yacht Club NFTs and one rare Mutant Ape Yacht Club NFT, dropped Key Card NFTs late last week. The Key Cards grant holders exclusive membership to the supergroup's music, content, utility, community, and token-gated experiences.

The Key Cards also have varying levels of rarity, which unlock different rewards for holders. And collecting all four Key Cards grants holders even more utility.

"By collecting all four members' cards, you gain entry to a floating villa that comes with high-value real-world benefits and access," the project's description on OpenSea reads.

The bandmates are called Captain, KING, Arnell, and Hud.

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