Search
Close
  • Home
  • Business News
  • Crypto News
    • Binance
    • Bitcoin
    • Cardoso
    • Dogecoin
    • Ethereum
    • NFT X Metaverse
    • Shiba in
    • Other alt coins
  • Market News
  • Technology News
  • Tools
    • Crypto Table
    • Exchange Rate
    • Currency Converter
Menu
  • Home
  • Business News
  • Crypto News
    • Binance
    • Bitcoin
    • Cardoso
    • Dogecoin
    • Ethereum
    • NFT X Metaverse
    • Shiba in
    • Other alt coins
  • Market News
  • Technology News
  • Tools
    • Crypto Table
    • Exchange Rate
    • Currency Converter
Search
Close
Home Crypto News Binance

American Idol to roll out real-time predictive NFTs in partnership with Theta Labs

by
April 17, 2022
in Binance, Bitcoin, Business News
152
SHARES
1.9k
VIEWS
Share on FacebookShare on TwitterShare on Whatsapp

American Idol will mint non-fungible tokens (NFTs) to commemorate its 20th season and two decades of airing in the U.S.

A press release unveiled this news on April 14, noting that the program seeks to issue the NFTs in the form of contestant-based trading cards. American Idol partnered with Theta Labs on this initiative.

According to the press release, collectors and the show’s fans will be able to access the American Idol NFT Card Pack on Theta network’s eco-friendly and low-cost marketplace, ThetaDrop. The pack goes for $99, and collectors will get an NFT card representing one of the top-14 contestants.

Theta Labs co-founder and CEO Mitch Liu said:

When you’re collaborating with internationally-renowned entertainment brands, it doesn’t get much bigger than American Idol.

He pointed out that the Theta-powered real-time predictive NFTs would enable fans to go beyond voting for the contestants to virtually becoming judges. Liu added that the NFTs would let them celebrate with their favorite contestants and collect rewards as they move through each qualifying round to the finals.

The ultimate prize is an NFT that is redeemable for a Hollywood ticket

As contestants get eliminated during the five-week season, collectors that hold a stipulated number of contestant cards will earn one-of-a-kind rewards.

The first week of rewards will start on April 25, and collectors that hold an NFT of one of the remaining contestants will win an American Idol 20th Anniversary Animated Logo NFT. The second week of rewards will see collectors with two NFTs of the remaining competitors win $300 worth of $TDROP, which will be deposited in their ThetaDrop accounts.

RelatedPosts

Larry Summers Says Soft Landing ‘Looks More Possible’: Unemployment Vs. Inflation

Goldman Sachs says oil demand to outstrip supply later in 2023, a serious problem in 2024

Japan finance minister Suzuki says he hasn’t heard anything on BOJ Gov nominations yet

In the third week, collectors that own four NFTs of contestants that survived previous elimination rounds earn VIP Bronze benefits for their ThetaDrop accounts.

During the last episode of the season, the collector holding the NFT of the winner will get an exclusive Winner’s Ticket to Hollywood NFT. The user can redeem this NFT into a physical ticket to Hollywood, which American Idol will deliver to their home.

Commenting on American Idols’ foray into the NFT world, the series’ Showrunner and Executive Producer, Megan Michaels Wolflick, said,

At American Idol, we are constantly challenging ourselves to be on the forefront of innovation. With interactive NFT trading cards celebrating our 20th season, fans will be able to immerse themselves even more into the Idol experience, as they collect their favorite contestants’ cards, and follow their progress throughout the competition.

This news comes after American Idol judge and pop superstar Katy Perry partnered with Theta Labs to drop her NFTs in June 2021. This deal also saw her acquire a minority share in Theta Labs alongside talent agency Creative Artists Agency (CAA), one of Theta’s enterprise validators.

The post American Idol to roll out real-time predictive NFTs in partnership with Theta Labs appeared first on CryptoSlate.

Tags: BitcoinbusinessBusiness AnalysisBusiness TipsGold PriceInvestment LossMarket StoriesOil MarketSillicon ValleyunUnited StatedVenture CapitalWall StreetWater deep
Share61Tweet38Send

Related Posts

Larry Summers Says Soft Landing ‘Looks More Possible’: Unemployment Vs. Inflation

February 5, 2023

Goldman Sachs says oil demand to outstrip supply later in 2023, a serious problem in 2024

February 5, 2023

Japan finance minister Suzuki says he hasn’t heard anything on BOJ Gov nominations yet

February 5, 2023

IEA expects surging oil demand from China this year, OPEC+ may need to boost output

February 5, 2023

Countries Where Bitcoin Is Legal and Illegal

February 5, 2023

Mali expels U.N. mission’s human rights chief

February 5, 2023

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
  • Trending
  • Comments
  • Latest

Is The Ethereum Merge About To Have A Confirmed Delay?

April 15, 2022

Data Leak At Unchained Capital, NYDIG, Swan & BlockFi. At The Same Time

March 21, 2022

Fantom Foundation Responds To Andre Conje’s Departure

March 6, 2022

The Andy Milonakis NFT Show, EP. 20 – Goat Soup’s Dark Night Of The Soul

April 26, 2022

IRA Financial Breach: Hackers Snatch $36 Million From US-Based Fintech Startup

0

Bitcoin Hash Rate Balloons To Record High — Will Price Go Up As Well?

0

Ethical Blockchain: Are Crypto, NFTs And DeFi Bad For The Environment? Here’s Why They’re Not

0

Mexican Billionaire Says It Again: Buy Bitcoin Today — And Thank Him Later?

0

Larry Summers Says Soft Landing ‘Looks More Possible’: Unemployment Vs. Inflation

February 5, 2023

Goldman Sachs says oil demand to outstrip supply later in 2023, a serious problem in 2024

February 5, 2023

Japan finance minister Suzuki says he hasn’t heard anything on BOJ Gov nominations yet

February 5, 2023

IEA expects surging oil demand from China this year, OPEC+ may need to boost output

February 5, 2023

Categories

  • Binance (49,850)
  • Bitcoin (93,236)
  • Business News (98,703)
  • Cardoso (41,245)
  • Crypto News (49,102)
  • Dogecoin (41,245)
  • Ethereum (41,621)
  • Market News (86,469)
  • NFT X Metaverse (41,245)
  • Other alt coins (41,291)
  • Others (2)
  • Shiba in (41,245)
  • Technology News (85,895)

Coin Tori is the #1 Crypto and business blog you can always trust to feed you with the necessary infomation.

Facebook Twitter Linkedin Instagram

Categories

  • Business News
  • Crypto News
  • Technology News
  • Bitcoin
  • Binance
  • Cardoso
  • Other Alt Coin
  • Dogecoin
  • Ethereum
  • NFT X Metaverse
  • Shiba in
  • Market News
  • Others

Tool

  • Crypto Table
  • Exchage Rate
  • Currency Converter

All right reserved - Cointori

Designed By Gentry Stack

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent. Read More
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT
bitcoin
Bitcoin (BTC) $ 23,015.17 1.80%
ethereum
Ethereum (ETH) $ 1,637.21 2.75%
tether
Tether (USDT) $ 1.00 0.01%
bnb
BNB (BNB) $ 327.84 0.96%
usd-coin
USD Coin (USDC) $ 1.00 0.02%
xrp
XRP (XRP) $ 0.400232 3.72%
binance-usd
Binance USD (BUSD) $ 1.00 0.08%
cardano
Cardano (ADA) $ 0.391132 3.29%
dogecoin
Dogecoin (DOGE) $ 0.092247 5.39%
matic-network
Polygon (MATIC) $ 1.21 4.49%
  • Home
  • Currency Converter
  • Business News
  • Crypto News
  • Binance
  • Bitcoin
  • Cardoso
  • Dogecoin
  • Ethereum
  • NFT X Metaverse
  • Other alt coins
  • Shiba in
  • Market News
  • Others
  • Technology News
Menu
  • Home
  • Currency Converter
  • Business News
  • Crypto News
  • Binance
  • Bitcoin
  • Cardoso
  • Dogecoin
  • Ethereum
  • NFT X Metaverse
  • Other alt coins
  • Shiba in
  • Market News
  • Others
  • Technology News