Season 2 of Publisher NFTs Sale by Animoca Brands Achieves Tremendous Success
Season 2 of TinyTap Publisher NFTs Exceeds Expectations
Animoca Brands recently announced that Season 2 of its Publisher NFTs has surpassed all expectations, with all 720 NFTs being sold out. The company revealed that the sale of the Publisher NFTs brought in a total of 538,560 EDU tokens, which equates to approximately $315,517 at the time of the sale.
Sell-out Success of Publisher NFTs
Following a previous announcement in November 2022, where Animoca Brands revealed that the first batch of six TinyTap Publisher NFTs had also sold out, generating 138.926 ETH (approximately $228,000 at the time of sale). The revenue meant that the six teachers who authored the content linked to the NFTs received 67.7 ETH, equivalent to approximately $111,000 at the time of the sale.
Animoca to Pay Educators with Revenue from Publisher NFTs Sale
The Publisher NFTs were created by Animoca’s subsidiary and edtech platform TinyTap, with the sale being facilitated by the community-led Web3 education protocol Open Campus. The revenue generated from the sale will serve as upfront and continuous income for the 168 educators on the TinyTap platform. This model allows for better empowerment of content creators in the field of education and publishing.
Impact of Digital Assets on Education
The introduction of Publisher NFTs is set to have a significant impact on education, allowing creators to focus on creating more content. Buyers of the NFTs become co-publishers of the content and can receive a share of up to 80% of the revenue generated by the content. This enables the NFT holders to promote and market the content, creating a mutually beneficial relationship.
Yogev Shelly, CEO of TinyTap, expressed the wider significance of the sale beyond just the financial benefit to creators. Shelly believes that the sale represents a step towards building a future where communities play a pivotal role in shaping curricula and empowering teachers and content creators toward true educational autonomy.
Empowering Creators and Educators
TinyTap, founded in 2012, has become the world’s largest educational games library. The platform has worked with notable publishers such as Oxford University Press, Sesame Street, and Pinkfong. The introduction of Publisher NFTs has given creators greater autonomy and improved earnings, providing a new way to support and empower educators in the education and publishing sectors.
Ultimately, the success of Season 2 of TinyTap Publisher NFTs points to a promising future for content creators and educators as digital assets continue to play a significant role in shaping the education sector.
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