The big news is that the entertainment industry is buzzing with NFTs introduction as Warner Bros joins the party.
Warner Bros Releases Ethereum-Compatible ‘Lord of the Rings’ NFTs
One of Warner Bros.’s most successful films, Lord of the Rings, is getting an NFT release. As announced by the studio, the first installment of the movie ‘Fellowship of the Ring’ will have its NFT developed and hosted by Eluvio.
The Non-Fungible Token will have several features, which include hours of behind-the-scenes footage, a 4K copy of the movie, and exclusive movie-inspired AR collectible assets.
Eluvio will be hosting the NFTs and their content data in its Content Fabric blockchain, which is Ethereum-compatible.
Others
This week we also got to know that India currently holds 11% of the total Web 3.0 workforce worldwide and is home to 450 Web 3.0 startups, with four unicorns included in these numbers. So it is easy to see why it has the world’s third most prominent Web 3.0 workforce.
Furthermore, Sorare now has a multi-year partnership with NBA and NBPA to create an NFT Fantasy basketball game. Players will be able to trade digital basketball players’ cards and earn prizes each game day.
Another report shows how much creators are making from various social media platforms, from Meta to TikTok. For example, users on TikTok with over 100 thousand followers get a 50/50 split. Twitch follows a similar 50/50 split, with top performers even earning a 70/30 split.
Lastly, a Canadian Web 3.0 company ChainSafe just raised $18.75 million in funding to focus on GameFi or blockchain gaming.
We have reached the end of this week’s overview, but next Monday, we will be here again to bring you the most relevant and revolutionizing news on the Web 3.0 universe.
