Virtual Music Group to be led by Apes NFT

Universal Music Group (UMG.AS) is leveraging the popularity of non-fungible tokens (NFT) by appointing one of the digital collectibles’ most popular cartoon apes to manage an entirely virtual music group. On Friday, Universal’s 10:22 PM label announced that it paid $360,817 for Bored Ape #5537, a female character now known as Manager Not All, to…