Animoca Brands Sells Out Season 2 of Publisher NFTs, Generating Over $333,000
On November 27, 2023, Animoca Brands, a leading digital property rights company, announced the successful sell-out of Season 2 of Publisher non-fungible tokens (NFT). The sale, conducted through Open Campus, a Web3 education protocol, involved 720 Publisher NFTs and yielded a remarkable 538,560 EDU tokens, equivalent to about $333,907 at the time of sale.
Empowering Educators with NFT Sales
The Season 2 sale provided immediate and consistent revenue for the 168 educators on the TinyTap platform who collaborated on creating the Publisher NFTs. This initiative pioneered a new way to support educators and content creators within the educational sector by providing a pathway to generate revenue through digital property rights.
Innovative Concept of Publisher NFTs
TinyTap, a subsidiary of Animoca Brands and a prominent edtech platform for educational games, introduced Publisher NFTs as an innovative educational concept. The NFTs aim to enhance content creators’ and publishers’ empowerment, recognition, and motivation within the educational community.
Utilizing Publisher NFTs
TinyTap’s code-free Web2 platform allows educators to create and share interactive educational content and earn a revenue share when learners use their content. Publisher NFTs embody co-publishing rights for specific educational content on the TinyTap platform, where the content already generates revenue before being associated with an NFT.
Pioneering a New Asset Class
Yat Siu, the co-founder and chairman of Animoca Brands, emphasized the significance of the Season 2 Publisher NFTs sale as an important milestone in the evolution of educational content as a new asset class. He highlighted the potential of digital property rights to unlock new earning opportunities for educators in the digital age.
Yogev Shelly, the CEO of TinyTap, echoed this sentiment, expressing that the milestone was about providing better earning opportunities for educators and building a future where communities shape curricula and empower teachers and content creators.
Proceeds for NFT Sales
Furthermore, Publisher NFTs grant creators of educational content digital property rights, offering newfound autonomy and earning opportunities. Creators receive 50% of the net proceeds from the initial NFT sale and a 10% ongoing share of the revenue generated by the co-published content. Additionally, creators receive a 5% royalty from the secondary sale of their NFTs, facilitated by Open Campus on behalf of Season 2 creators.
NFT holders receive up to 80% of the revenue share when promoting and marketing the associated content, allowing creators to focus on content creation while TinyTap and NFT holders aid in distribution and promotion.
The success of the Season 2 Publisher NFTs sale demonstrates the growing potential for digital property rights to revolutionize the educational sector and provide educators with new opportunities for recognition and financial reward.
I have been a full-time professional writer for over 10 years, and have written for some of the biggest publications in the world. My work revolves around cryptocurrencies and blockchain technology, and I am widely considered to be one of the leading experts in these fields.I have written two books on the subject matter, and my articles have been featured in major news outlets such as The Wall Street Journal, Forbes, and Huffington Post. In addition to writing, I also give talks and seminars on cryptocurrency investing, and am a regular commentator on CNBC, Bloomberg, and other financial news networks.
