American Idol, the favored American tv singing competitors sequence, is celebrating its twentieth season by launching a sequence of NFT buying and selling playing cards. The new Non-Fungible Tokens are powered by Theta Network.
- American Idol launches a sequence of NFT buying and selling playing cards on Theta Network
- American Idol: following the expertise present actively and incomes with NFTs
- Non-Fungible Token market surpasses crypto market
American Idol launches a sequence of NFT buying and selling playing cards on Theta Network
American Idol’s new NFT assortment for its twentieth season
The American TV expertise present, American Idol can’t resist the attract of Non-Fungible Tokens and, to have a good time its twentieth season, has introduced that it’s launching a sequence of NFT buying and selling playing cards powered by Theta Network.
[email protected] x @ThetaDrop
Coming subsequent Friday.https://t.co/JzEdmKOZ4W
— ThetaDrop (@ThetaDrop) April 14, 2022
“@AmericanIdol x @ThetaDrop. Coming subsequent Friday”.
In observe, followers who buy an “American Idol NFT Card Pack” for $99 will obtain an NFT card of a random Top 14 contestant. As contestants are eradicated from the competitors over the next 5 weeks, collectors who personal the matching NFT quantity will earn distinctive prizes.
A raffle of kinds, which is able to see collectors holding the winner’s NFT rewarded with an unique “Ticket to Hollywood”, which could be redeemed for a bodily ticket to Hollywood shipped to their house.
American Idol: following the expertise present actively and incomes with NFTs
To have a good time our new partnership with @AmericanIdol, 50 Bronze VIPs have been briefly bumped as much as Silver VIP standing!
All Silver + Gold VIPs have additionally simply been airdropped a particular present: redeemable Idol golden ticket signed by @Theta_Network CEO @mitchliu & CTO @jieyilong. pic.twitter.com/nCJ6frC1ii
— ThetaDrop (@ThetaDrop) April 15, 2022
“To have a good time our new partnership with @AmericanIdol, 50 Bronze VIPs have been briefly bumped as much as Silver VIP standing! All Silver + Gold VIPs have additionally simply been airdropped a particular present: redeemable Idol golden ticket signed by @Theta_Network CEO @mitchliu & CTO @jieyilong”.
The new partnership between ThetaDrop and American Idol affords followers the possibility to comply with the expertise present and earn by way of the NFTs they buy. Here’s how the reward weeks are divided.
During the primary week, Monday, 25 April, collectors with an NFT from simply one of many remaining contestants will win an American Idol twentieth Anniversary Animated Logo NFT.
Moving ahead, in week two, collectors with NFTs from two remaining contestants will win 300 TDROP, which will likely be deposited into their ThetaDrop account. Finally, within the third week of prizes, collectors with 4 NFTs of remaining contestants will earn VIP Bronze advantages for his or her ThetaDrop account.
On that be aware, Mitch Liu, CEO and co-founder of Theta Labs mentioned:
“When you’re collaborating with internationally-renowned leisure manufacturers, it doesn’t get a lot greater than American Idol,” says Mitch Liu, CEO and Co-founder of Theta Labs. “With our Theta-powered actual time predictive NFTs, followers will be capable of transcend voting for the contestants and grow to be a choose themselves – celebrating with their favorites and gathering rewards as they transfer by way of every qualifying spherical to the finals”.
Non-Fungible Token market surpasses crypto market
According to Nansen’s newest report, the efficiency of the Non-Fungible Token (NFT) market has been outperforming that of cryptocurrencies for the reason that begin of the yr.
In observe, for the reason that starting of the yr, after a marked decline in February 2022, the NFT market has decisively carried out a turnaround within the final 30 days, outperforming the crypto market.
The NFT market has returned 103.7% in ETH and 82% in USD. This might be resulting from the truth that NFTs are coming into extra rising sectors, such because the metaverse, which appears to be the main one, with a year-to-date return of 129.4%.
In distinction, in the mean time, the index for land and actual property NFTs is declining, whereas the Avatar and Utility index is rising.