Tag: Entertainment

“Warriors of Future” Set to Debut as Asia’s First NFT Blockbuster Movie

by Blockchain News

Warriors of Future, a multi-million-dollar Hong Kong sci-fi action movie by One Cool Group, seeks to be the first Asian blockbuster film to feature a non-fungible token (NFT) collection. 

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The NFT collection will have 10,000 unique 3D avatars comprising four types of soldiers and is expected to be minted on August 6. It will also be powered on the Ethereum (ETH) blockchain. 

Warriors of Future will adopt an innovative interchangeable mechanism in the NFT collection, allowing users to interchange traits within the NFTs they hold. 

The interchangeable parts include the background, helmet, arms, armour body, and weapon. The report noted:

“These interchangeable elements will be reflected in real-time in the NFT marketplace. The holder will also be able to use their NFT in action as an avatar in the upcoming Warriors of Future mobile game.”

The Warriors of Future is a film set in the future, whereby the Earth is devoid of life because of pollution and climate change. Nevertheless, a meteorite brings extraterrestrial life to the planet. The movie is expected to be theatrically released in Asia this year, having taken six years to produce.

Ella Wong, the Chief Financial Officer of One Coo Group, pointed out:

“We are so excited to unlock the limitless potential of the entertainment industry powered by blockchain for our next-gen users. Our upcoming film titled Warriors of Future serves as a pioneer in such a collaboration, which allows us to explore more possibilities in the future.”

“We look forward to connecting the best of the entertainment industry in ways and experiences that were not possible before,” he added.

Through the partnership between One Cool Group and Gusto Collective, Warriors of Future NFT seeks to be the first series of a long-term Web3 and entertainment IPs’ integration projects.

Aaron Lau, the founder and CEO of Gusto Collective, stated:

“Web3 is the future of entertainment. It’s a game-changer with a vision for a more open, decentralized, and secure internet, enabled by advances in technologies like blockchain and machine learning. The emerging concept of ownership of digital assets has immense potential.”

Meanwhile, the Abu Dhabi Global Market (ADGM) revealed plans to offer licensed exchanges the chance to trade NFTs earlier this year.

Image source: Shutterstock

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Bored Ape Yacht Club Enters the Movie Scene, Pairing with Coinbase

by Blockchain News

Seen as the face of the non-fungible token (NFT) market, the Bored Ape Yacht Club (BAYC) has entered the silver screen based on a series of animated short films called “The Degen Trilogy.”

Bored Apes will serve as characters in the film to be hosted by the new media arm at Coinbase. The crypto exchange is expanding its scope by testing the field of film production. 

The first three episodes of the series will be aired at an NFT industry event called NFT.NYC is slated for June.  

For consideration in the series, Bored Ape owners have been asked to submit their apes together with character descriptions to be scrutinized by a Hollywood casting director.

William Swann, the marketing director at Coinbase, noted:

“You can think of this as a love letter to the NFT tech that has provided so much creative liberation for artists. We really look at (Bored Apes) as sort of our North Star in the NFT space. They’ve created such a massive and engaging community.”

Upon release, the Coinbase website will serve as the gateway to accessing the films because viewers will be required to create a Coinbase wallet. 

The series will also tie in with the launch of Coinbase’s NFT marketplace, according to Swann. 

He added that the Bored Apes would not be the only NFTs aired on the big screen because Mutant Apes by Yuga Labs, the blockchain startup behind the Bored Ape Yacht Club, would get similar treatment.

Nicole Muniz, Yuga Labs CEO, stated:

“We’re seeing how NFTs are evolving to be vehicles of access and participation in networks, games, merchandise and now interactive entertainment. This is a breakthrough project and we’re excited to see how this shapes the future of Web 3 for all communities.”

Meanwhile, Yuga Labs raised funds worth $450 million in March. As a result, the funds effectively placed the blockchain startup at a $4 billion valuation. The team aimed to inject the funds into building a media empire that would predominantly feature NFTs.

This fundraising came days after Yuga Labs unveiled a metaverse project dubbed the “Otherside”. The teaser featured an animated Bored Ape NFT smoking Tobacco in what appeared to be a metaverse-themed world.

The Bored Ape made connections with other Yuga Labs-backed NFT collections housed in what looked like a spaceship. 

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Animal Concerts partners with Korea’s Klaytn: K-pop in the Metaverse?

by Cointelegraph

Metaverse concert organizer Animal Concerts has partnered with South Korean unicorn Kakao’s Klaytn network to increase its exposure to the Korean entertainment industry and facilitate Klaytn’s global expansion plans.

The Jan. 10 announcement from Klaytn explains that the partnership between Klaytn and Animal Concerts is expected to help Klaytn increase the number of NFTs that are traded on the platform. Klaytn is one of just three blockchains with native support on OpenSea, the largest NFT marketplace, but has the lowest trading volume. Klaytn’s parent company Kakao is also planning an NFT and Metaverse platform called Kakao Games.

Animal Concerts will organize and promote concerts in the Metaverse and plans on issuing a cryptocurrency, nonfungible tokens (NFT), and merchandise for top recording artists. The US-based brand has already entered into a relationship with Alicia Keys to promote her album KEYS.

CEO of Animal Concerts Colin Fitzpatrick believes that NFTs could be a way for the music industry to boost revenues that have been lost since the beginning of the Covid-19 pandemic. Artists experiencing show and tour cancellations lose out on revenue and the ability to connect with fans in a live setting. Holding concerts in the pandemic free Metaverse could drastically change the way concerts are experienced and prevent the disappointment of a cancelled show, while cutting down on touring cos.

Fitzpatrick told Cointelegraph that working with Klaytn is a natural fit since “Klaytn’s major goals are NFTs and Metaverse.”

He also hopes to gain greater access to the $6 billion South Korean music entertainment market:

“Korean entertainment will be a huge thing for Animal Concerts.”

Fitzpatrick noted that while “technical limitations prohibit how many people can actually attend a concert in the Metaverse” due to current scalability issues, he hopes to build a network of virtual venues across existing and new Metaverse platforms to host concerts in a fashion similar to tour. “It’s hard to get the first few going but eventually they’ll start coming to us,” he said.

Klatyn is a large corporate-backed blockchain but Fitzpatrick is nonplussed by concerns about decentralization. Klaytn governance council includes 30 mostly corporate entities including Shinhan Bank, LG Electronics, Netmarble, and the crypto-based entities Maker and Binance.

Related: eToro rolls out smart portfolios for new metaverse investors

From Fitzpatrick’s point of view, there may be some making criticisms about decentralization, but “there are a lot of blockchains that are not as decentralized as advertised.”

He also feels that there are also advantages to corporate entities being involved in the blockchain space:

“I don’t think people fully appreciate how things will work with a blockchain backed by such a behemoth.”