Publisher NFTs Sale Marks Significant Success for Educators
On November 27, 2023, Animoca Brands announced the successful sell-out of Season 2 of Publisher non-fungible tokens (NFT). The sale, conducted through Open Campus, a community-driven Web3 education protocol, and developed by TinyTap, yielded an impressive 538,560 EDU tokens (equivalent to about $333,907 at the time of sale) and involved 720 Publisher NFTs.
Immediate Revenue for Educators
The Season 2 sale resulted in immediate and continuous revenue for the 168 educators on the TinyTap platform who collaborated on creating the Publisher NFTs. This revenue generation showcases the potential for educators to earn from their educational content in the digital age.
Utilizing Publisher NFTs
TinyTap’s Publisher NFTs serve as an innovative educational concept that aims to empower and motivate content creators and publishers. The NFTs embody co-publishing rights for specific educational content on the TinyTap platform, enabling creators to earn a revenue share when learners use their content.
According to Yat Siu, the co-founder and chairman of Animoca Brands, the success of the Season 2 Publisher NFTs sale marks a significant moment in the evolution of educational content as a new asset class. This sale underscores the potential of digital property rights to create new earning opportunities for educators in the digital age.
Yogev Shelly, the CEO of TinyTap, echoed this sentiment, stating that this milestone is about providing better earning opportunities for educators and building a future in which communities play a pivotal role in shaping curricula and empowering teachers and content creators.
Proceeds for NFT Sales
The Publisher NFTs not only grant creators of educational content digital property rights but also offer newfound autonomy and earning opportunities. Creators receive 50% of the net proceeds from the initial NFT sale, a 10% ongoing share of the revenue generated by the co-published content, and a 5% royalty from the secondary sale of their NFTs facilitated by Open Campus.
NFT holders receive up to 80% of the revenue share when promoting and marketing linked content, allowing creators to focus on content creation while TinyTap and NFT holders distribute and promote the content with incentives.
Furthermore, Publisher NFT holders have the freedom to market and sell their assets independently to customers outside the TinyTap platform.
The success of the Season 2 Publisher NFTs sale by Open Campus and TinyTap marks a significant achievement in the realm of educational content and opens new avenues for educators to thrive in the digital age.
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