Season 2 of TinyTap Publisher NFTs revealed as sold-out by Animoca Brands
Animoca Brands’ TinyTap Sells Out Season 2 of Publisher NFTs, Generating Over 538,000 EDU Tokens
On November 27, 2023, Animoca Brands, through its subsidiary TinyTap, announced the 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 generated a staggering 538,560 EDU tokens, equivalent to about $333,907 at the time of sale.
Empowering Educators
The initiative immediately provided a new revenue stream for the 168 educators on the TinyTap platform who collaborated on creating the publisher NFTs. This marks a significant milestone for educators, as traditional educational content is now being transformed into a new digital asset class.
Utilizing Publisher NFTs
TinyTap’s Publisher NFTs aim to enhance content creators’ and publishers’ empowerment, recognition, and motivation. With TinyTap’s code-free Web2 platform, educators can create and share interactive educational content, earning a revenue share when learners use their content. The Publisher NFTs embody co-publishing rights for specific educational content on the TinyTap platform, with content already generating revenue before being associated with an NFT.
Pivotal Moment in Educational Content
Yat Siu, the co-founder and chairman of Animoca Brands, hailed the Season 2 Publisher NFTs sale as a pivotal moment in the march of educational content toward becoming a new asset class. He emphasized the immense potential of digital property rights to unlock new earning opportunities for educators in the digital age. Yogev Shelly, the CEO of TinyTap, also emphasized the importance of the milestone, highlighting the role of communities in shaping curricula and empowering teachers and content creators.
Proceeds for NFT Sales
Publisher NFTs grant creators of educational content digital property rights, offering newfound autonomy and earning opportunities. Each creator receives 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.
Moreover, Publisher NFT holders can market and sell their assets independently to customers outside the TinyTap platform. They also 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 handle distribution and promotion.
Overall, the Season 2 Publisher NFTs sale by Open Campus and TinyTap represents a significant step forward in the digital transformation of educational content, providing new opportunities for educators and content creators in the Web3 era.
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