Blockchain-based streaming service Sator has developed a decentralized app that allows users to earn NFTs, tokens and “other rewards” by watching TV and playing games.
According to the website, there are few details about the exact number of rewards users can receive. The NFTs awarded, however, depend directly on the number of shows viewed and the time spent on puzzles and TV trivia in the app.
Isla Perfito, CEO of Sator, said the company created: “A simple and powerful solution for TV producers to turnkey and deliver a unique NFT experience of their shows while the audience is on.”
He added, “NFTs will bring a lot of activity to the platform, a fantastic starting point for a user looking to immerse themselves in blockchain technology.”
While it is not known which TV show rights the app is planning to acquire, the company announced that it recently completed a $ 2 million startup round, including investments from Faculty Capital, Genesis Block Ventures, Digital Strategies, and PetRock Capital included.
Jenny from the blockchain
Jenny DAO paid $ 1 million for a one-time NFT track produced by DJs Steve Aoki and 3LAU.
FIRST NFT FOR #JENNY DAO!
Fine arts by @peiterhergert ✨
I am very happy to be part of the first collaboration between Aoki and 3LAU. #Jenny Write history! https://t.co/dbaNHdfHov
– Jenny Metaverse DAO (@JennyMetaverse) May 16, 2021
The one-of-one NFT is a token song called “Jenny” and was commissioned to celebrate the recent launch of the Jenny Metaverse DAO (Decentralized Autonomous Organization) on Unicly. The NFT includes an unreleased track by Aoki and 3LAU and is accompanied by visual art by Pieter Hergert.
The NFT was minted on OpenSea by 3LAU, aka Justin Blau, and then transferred to a vault controlled by a smart contract over the Unicly protocol that allows users to combine, fractionate, and trade their NFT collections.
At what stage do DAOs make up most of the economic activity in the Metaverse? https://t.co/K8ZOZMbuHw
– Andrew Steinwold (@AndrewSteinwold) May 17, 2021
The metaverse DAO recently raised $ 7 million to fund the NFT acquisition for joint ownership between its governance token holders. Aoki and 3LAU NFT are top choices for their collection after the community voted for them earlier this month.
The organization paid Aoki and 3LAU $ 499,000 each to produce the track, with the transactions conducted outside of OpenSea to avoid fees.
The NFT will likely be locked for some time. According to Jenny, the NFTs stored in the Unicly vault “can only be unlocked if the consent of the Jenny token holders reaches a certain threshold and instructs the smart contract to unlock the vault.”
Comedian Steve Harvey’s NFTs are no joke
While many celebrities flocked to NFTs in hopes of making money quickly, comedian Steve Havery seems to have come into the picture for more selfless reasons.
I always adapt, learn and grow. Classic Steve Harvey NFT Dropping TODAY, Friday 5/14 at 12pm est on @rariblecom. I donate all income @thesmhf. Link for more information: https://t.co/GgbDB9JNeR pic.twitter.com/v96MJzDBWQ
– Steve Harvey (@IAmSteveHarvey) May 14, 2021
The comedian hired a number of NFTs through Rarible on May 14 to raise funds for his nonprofit Steve and Marjorie Harvey Foundation, which provides contact services for disadvantaged youth.
The series includes an open edition with 112 embossed tokens representing a GIF from Harvey’s stand-up comedy, and a limited edition of three embossed tokens representing an autograph portrait, as well as a single edition. The One-of-One is a token GIF depicting Harvey’s confused reaction to hearing NFTs on his TV for the first time and will be auctioned through May 21st.
However, the bid was slow, the auction started three days ago and the current highest bid is 2.2 Wrapped ETH (WETH) worth around $ 6,770.
WAX announces further partnerships for NFT drops
Decentralized entertainment network WAX has announced further partnerships with entertainment brands to bring out licensed NFTs.
New partnerships include the popular anime franchise Robotech from Funimation and Harmony Gold, the film Five Nights at Freddy’s from ScottGames, the card game Bears vs Babies from Exploding Kittens, and the film The Princess Bride from Act III.
The new partnerships add to an already impressive list of partners including Major League Baseball, Capcom, Atari, Reebok and DeadMau5.
This June, Funko Pops, the most popular collectible collector’s item, teamed up with WAX to sell Funko Pop collectibles using tokens.