Media company ViacomCBS is embarking on NFTs. Amid the growing hype around the potential market for NFTs, i.e. non-fungible tokens – digital assets linked to ownership that are stored on a blockchain, often used to buy and sell digital art and collectibles – ViacomCBS says it’s partnership with the company NFT To reproduce to bring its intellectual property and iconic franchises to the world of digital collectibles, starting next year. This includes products and collectibles from shows and movies from major ViacomCBS brands like CBS, MTV, Showtime, Paramount Pictures, BET, Nickelodeon and Comedy Central.
The company is not yet offering many details on the upcoming project beyond just saying that it will be about creating a place where their fans can buy, collect and trade NFTs in their wallet. He also notes that this platform will encourage “peer engagement and facilitate innovative ways for users to unlock new experiences,” indicating that there is a social element to the new experience that goes beyond only aspects of the market.
Recur, which recently closed on a $ 50 million Series A, valuing the pre-launch company at $ 333 million, is currently working on building an NFT platform called NFTU.com. This platform is being created in partnership with digital licensing company Veritone and will host NFTs created with track and field video content from Pac-12 Networks, such as sports highlights, for example.
This project can give you an idea of what ViacomCBS likely has in store with its own NFT plans.
While a number of other NFT markets already exist, Recur’s plan is to develop technology that standardizes the recurring royalties struck on any cryptocurrency – a move that means NFTs would become “security agnostic.” channel ”, attracting more potential fans to the crypto ecosystem. For brand partners and intellectual property owners, this means that once the NFT leaves its own original platform to be resold elsewhere, the original rights holder could continue to receive recurring royalties on sales and resales indefinitely.
This could certainly sound appealing to a media company with a large catalog of intellectual property that could be turned into digital collectibles. Think: Spongebob Squarepants, South Park, or Star Trek collectibles, for example. (To be clear, ViacomCBS has not announced the specific shows it will include in its initial cast. And there could be more complicated rights discussions to iron out with the creators, cast and others related to. its intellectual property before those decisions can be made.)
Additionally, Recur’s chain agnostic approach will allow NFT purchases to be made using US credit and debit cards, instead of just cryptocurrencies. It might also appeal to a company looking to reach a wider audience outside of the early adopters of the technology.
The new platform – essentially a white label market that Recur will provide – will launch in spring 2022, ViacomCBS said.
ViacomCBS is not the first media company to adopt NFTs. In addition to adoption by the biggest media personalities themselves, brands including CNN, The New Yorker, Time, Playboy, Lionsgate, Central media, Gannet, Fox and others also began their own research and experiments on the medium.
“Encouraged by beloved characters and iconic properties with multigenerational appeal, we are excited to further accelerate the presence of our consumer products in the growing metaverse,” said Pam Kaufman, president of products at consumption of ViacomCBS, in a statement. “By partnering with Recur to create a dedicated NFT platform for ViacomCBS IP, voracious collectors and new NFT buyers will find unique opportunities to own a piece of their favorite franchises,” she added.
ViacomCBS told us that the more immediate focus is not on monetization through NFT sales, but rather sees the platform as an effort to build community and engage fans.
The mention sources can contact us to remove/changing this article
What Are The Main Benefits Of Comparing Car Insurance Quotes Online
LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos
to request, modification Contact us at Here or [email protected]