Fox Entertainment aims to breathe new life into the non-fungible token (NFT) sector with a new animated series led by the creator of the hit show Rick and Morty - and launch its own NFT and blockchain subsidiary.
Source: Adobe/nikkimeel
The new company will be called Blockchain Creative Labs, Fox confirmed to The Hollywood Reporter, and its first series will be called Krapopolis, which is described as an animated comedy series set in the world of ancient Greek myths and "revolving around a family of humans, gods and monsters trying to run one of the world's first cities without killing each other.
Fox says the new show would be the "first-ever animated series curated entirely on the blockchain," adding that fans of Krapopolis will be able to purchase NFTs based on the characters and locations of the series based.
In addition, the company will seek to create a marketplace that "curates and sells digital goods, NFTs of one-of-a-kind character and background art, and gifs, as well as tokens, exclusive social experiences." engage and reward Siper fans."
Krapopolis is directed by Dan Harmon, best known as the co-creator of Rick and Morty, a breakaway on Adult Swim. He is also known as the creator and producer of the NBC sitcom Community. The show is produced by Bento Box Entertainment, known for producing the series Bob's Burgers (also for Fox) and the Netflix series Paradise PD.
The same media source quoted FOX CEO Charlie Collier as saying,
And the NFT sector will likely welcome the news after a lackluster past few weeks. According to NonFungible data, daily sales have fallen from a high of over 34,000 in the first few days of May to a monthly low of under 13,000 on May 13th. The value of sales has also fallen to just over $32 million from a peak of $176 million - with secondary market sales also slipping after a strong start to the month.
Pundits on social media took the news with a pinch of salt - and savored the opportunity for a bit of topical humor. A poster with a riff inspired by Greek mythology raved on Reddit,
“Long ago, the top four crypto tokens lived together in harmony. Then everything changed after DOGE Nation was attacked.”
And Bloomberg journalist and author Matt Leising also chimed in with an ironic post, answering what exactly a series "made on the blockchain" actually means by asking:
____Other interesting news: - Mark Cuban, Snoop Dogg, Metakovan as judges at the NFT contest- Justin Sun, Sina Estavi & Co want to buy NFT from Jack Dorsey's first tweet- Kate Winslet in OneCoin Crypto Scam Movie
