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.

Author Bio

Jason Bales

Jason is an NFT lead at Lucky Trader. He has been involved in the NFT space since CryptoKitties in late 2017 and got involved in NBA Top Shot in early 2021 (Series 1 Legendary From The Top LeBron James Block, anyone?). Now, he spends most of his days yelling, "get off my lawn" at the PEPE and Nakamigos kids.

Disclaimer: The author or members of the Lucky Trader staff may own NFTs discussed in this post. Furthermore, the information contained on this website or the Lucky Trader mobile application is not intended as, and shall not be understood or construed as financial advice. AI may have assisted in the creation of this content.