Blockchain-based streaming service Sator has developed a decentralized app that will enable users to earn NFTs, tokens and “other rewards” by watching TV and playing games.
While details are sparse on the exact amount of rewards users can receive, according to the website, NFTs awarded will be directly tied to amount of shows watched, and time spent engaging with puzzles and TV trivia on the app.
Our top trading bots
Sator CEO Isla Perfito said the firm has created: “An easy and powerful solution for TV producers to turnkey deliver a unique NFT experience of their shows while viewers are tuned in.”
He added that, “NFTs will bring lots of activity to the platform, a fantastic jumping off point for a user looking to dive in to blockchain technology.”
While it hasn’t been revealed what TV show rights the app is planning to acquire, the company did announced that it recently closed a $2 million seed round which included investment from Faculty Capital, Genesis Block Ventures, Digital Strategies and PetRock Capital.
Jenny from the blockchain
The Jenny DAO has paid $1 million for a one off NFT track produced by DJ’s Steve Aoki and 3LAU.
The one-of-one NFT is a tokenized song named “Jenny” and was commissioned to celebrate the recent launch of the Jenny Metaverse DAO, or Decentralized Autonomous Organization, on Unicly. The NFT contains an unreleased track by Aoki and 3LAU, and is accompanied by visual art from Pieter Hergert.
The NFT was minted on OpenSea by 3LAU, also known as Justin Blau, and then transferred to vault controlled by a smart contract on the Unicly Protocol which enables users to combine, fractionalize and trade their NFT collections.
The metaverse DAO recently pulled together $7 million to fund NFT acquisition for shared ownership between its governance token holders — with the Aoki and 3LAU NFT being the first choice for its collection after the community voted for it earlier this month.
The organization paif Aoki and 3LAU $499,000 each to produce the track, with the transactions conducted outside of OpenSea to avoid fees.
The NFT is likely to be locked up for some time. According to Jenny, the NFTs stored in the Unicly vault can “only be released if consenting Jenny Token holders reach a certain threshold and instruct the smart contract to unlock the vault.”
Comedian Steve Harvey’s NFTs are no joke
While many celebrities have flocked to NFTs in hope of making a quick buck, comedian Steve Havery appears to have entered the game for more selfless-purposes.
The comedian dropped a series of NFTs via Rarible on May 14 to raise funds for his non-profit “Steve and Marjorie Harvey Foundation” that provides outreach services for the disadvantaged youth.
The series includes an open edition with 112 minted tokens depicting a GIF from Harvey’s stand up comedy, and a limited edition of three minted tokens depicting an autograph portrait, and a one-of-one edition. The one-of-one is a tokenized GIF that depicts Harvey’s confused reaction to hearing about NFTs for the first time on his TV, and is on auction until May 21.
Bidding has been slow however, the auction started three days ago and the current highest bid is 2.2 Wrapped ETH, or WETH, worth around $6,770.
WAX announces more partnerships for NFT drops
Decentralized entertainment network WAX has announced more partnerships with entertainment brands to release licensed NFTs.
The new partnerships include cult-favorite anime franchise Robotech from Funimation and Harmony Gold, the movie Five Nights at Freddy's from ScottGames, the Bears vs Babies card game from Exploding Kittens and The Princess Bride movie from Act III.
The new partnerships add to an already impressive list of partners such as Major League Baseball, Capcom, Atari, Reebok and DeadMau5.
In June this year, the cult-favorite collectibles creator Funko Pops partnered up with WAX to drop packs tokenized Funk Pop collectibles.
Read on relating to Cointelegraph
