Animoca Brands Sells Out Season 2 of Publisher NFTs
Animoca Brands recently announced the sell-out of Season 2 of Publisher non-fungible tokens (NFTs). The sale, conducted through the Open Campus education protocol, involved 720 Publisher NFTs and generated 538,560 EDU tokens, equivalent to about $333,907. This initiative provided immediate revenue for the 168 educators who collaborated on creating the NFTs.
Utilizing Publisher NFTs for Educational Content
TinyTap, a subsidiary of Animoca Brands and an edtech platform for educational games, introduced Publisher NFTs as a way to empower and motivate content creators and publishers. Educators can create and share interactive educational content on TinyTap’s code-free platform and earn revenue when learners use their content. Publisher NFTs represent co-publishing rights for specific educational content on the platform, allowing creators to monetize their work even before it is associated with an NFT.
Yat Siu, co-founder and chairman of Animoca Brands, stated that this sale marks a pivotal moment in the education sector. He emphasized the potential of digital property rights to unlock new earning opportunities for educators in the digital age. Yogev Shelly, CEO of TinyTap, added that this milestone is about building a future where communities shape curricula and empower teachers and content creators.
Earning Opportunities for Creators
Publisher NFTs provide creators with digital property rights and earning opportunities. Creators receive 50% of the net proceeds from the initial NFT sale and a 10% ongoing share of revenue from co-published content. They also receive a 5% royalty from secondary sales of their NFTs facilitated by Open Campus. NFT holders, as co-publishers, receive up to 80% of the revenue share when promoting and marketing the associated content. Additionally, Publisher NFT holders can independently market and sell their assets to customers outside the TinyTap platform.
Hot Take: Unlocking New Opportunities in Education with Publisher NFTs
Publisher NFTs are revolutionizing the education sector by providing educators with a new way to monetize their content and gain recognition. By utilizing digital property rights and revenue-sharing models, creators have newfound autonomy and earning potential. This innovative approach allows communities to shape curricula and empowers teachers and content creators in the digital age. As Publisher NFTs continue to gain traction, it is clear that they are unlocking new opportunities for educators and paving the way for true educational autonomy.
By
By
By
By
By