Animoka branda Hong Kong-based company promoting digital property rights for games and the open metaverse, and its subsidiaries tiny tapA platform for user-made educational games announced Thursday the launch of a publisher non-fungible token (NFT).
Animoca Brands said in a statement that each publisher NFT is linked to a bundle of educational games and other interactive activities created by teachers on TinyTap’s platform.
Beginning November 2nd at 11pm UTC, 6 publisher NFTs will be auctioned on OpenSea.
Animoca Brands acquired TinyTap earlier this year. TinyTap provides a no-code platform that allows educators to create and share interactive educational content and receive a revenue share when that content is used by learners.
Animoca Brands and TinyTap are now implementing a Web3 strategy to improve opportunities to monetize content created by educators around the world and help parents provide enhanced learning opportunities for their children.
The publisher NFT auction is the first step in leveraging Web3 technology to establish an alternative decentralized education system that fairly supports and incentivizes teachers.
TinyTap teachers already earn money by creating quality content when they receive a portion of the platform’s subscription revenue.
However, digital property rights enabled by Web3 have enabled an even wider range of business models, including publisher NFTs.
Publisher NFTs are a new product introduced as part of TinyTap’s Web3 strategy. Each Publisher NFT represents a co-publishing right to a course, a bundle of educational games created on the platform by her one teacher in a specific subject.
These NFTs allow NFT owners to directly publish educational materials that are meaningful to them by assuming the role of co-publisher to promote and sell relevant courses and share in the profits derived from co-publishing efforts. We can support you.
With the introduction of TinyTap’s Publisher NFTs, teachers who create content on the platform will be able to offer course publishing rights via this new type of digital asset.
The NFT owner will be the co-publisher of the content along with the teacher who created the content and TinyTap.
Similar to traditional book publishers, publisher NFT owners are expected to actively manage and promote their publisher NFTs to share the revenue generated by the course.
Once a Publisher NFT is purchased, the underlying course is removed from the TinyTap subscription model and revenue generation from customer engagement ceases until the Publisher NFT owner engages in marketing efforts to promote the course. increase.
Publisher NFT owners can promote and make their courses available on TinyTap to share revenue from the platform’s current subscription model. Alternatively, you can promote your publisher NFTs on other platforms independently of TinyTap.
In return, you are entitled to receive up to 80% of future revenue generated from the marketing and publishing of your course.
Proceeds from publisher NFT auctions will be shared with teachers and the platform.
In addition, teachers receive royalties on secondary sales of NFTs and are entitled to 10% of future revenue generated by their courses.
Publisher NFTs offer teachers who create content on TinyTap significantly improved revenue opportunities compared to the platform’s current offering.
Animoca Brands and TinyTap continue to explore new and exciting ways to leverage Web3 technology for the benefit of educators around the world.
“The use cases for NFTs seem to be limited only by our imagination. Today we are proud to announce TinyTap Publisher NFTs, which supports teachers around the world and encourages them to create engaging teaching materials.” said Yat Siu, co-founder and executive chairman of Animoca Brands.
“Teachers are one of the most prolific and important content creators and now we can tokenize their content into NFTs and turn them into platforms for growth and opportunity.
“Our vision for Web3 is to empower educators to build their own assets and create value in the same way that NFTs are already revolutionizing art and games,” he added. .
Around the world, teachers are underrepresented, underpaid and face constant underresources and obstacles that hinder student learning, said Yogev Shelly, CEO of TinyTap.
“Education systems tend to require large amounts of money, but the benefits are often poorly communicated to teachers.
“Web3’s technology and community is a great opportunity to solve this problem, which is why we are proud to start TinyTap publisher NFT with a line-up of courses by six outstanding teachers on our platform,” he added. I was.