TinyTap, the leading platform for user-generated educational games and a subsidiary of video gaming behemoth Animoca Brands, has successfully launched its second collection of teacher-authored Publisher NFTs on OpenSea.
In a December 13 press release, Animoca Brands confirmed launching the second phase of its teacher-authored Publisher NFTs. The new project will allow users to action educational content as digital collectibles.
Animoca Brands And TinyTap Launches Publisher NFTs
In June, the Digital entertainment company Animoca Brands announced the acquisition of the Israeli education-tech and interactive games platform, TinyTap. Animoca Brands paid $38.75 million for TinyTap’s issued capital, granting them an 84.13 % stake in the company.
TinyTap provides a code-free platform that empowers educators to create and share interactive educational content. The platform allows educators to receive revenues when learners use their content.
Under the new integration, Animoca Brands anticipates leveraging TinyTap capabilities to introduce new Publisher NFTs. While commenting about the new NFT project, Yat Siu, the co-founder and executive chairman of Animoca Brands, remarked:
“The success of the first TinyTap Publisher NFT auction demonstrated that NFTs can be leveraged to benefit teachers and educational content creators. We look forward to the upcoming second auction this week as we continue to work on developing this novel use case for NFTs in 2023 and beyond.”
Publisher NFTs Explained
The new Publisher NFTs will leverage the metaverse capabilities to improve earning opportunities for educators, create new earning options for co-publishers, and empower the community to support digital learning growth directly.
Although teachers on TinyTap already earn income for producing content in a traditional Web2 framework, the Web3-based Publisher NFTs will significantly improve their earning opportunities.
According to the announcement, 50% of the net proceeds from the action of the Publisher NFTs will go toward teachers participating in educational content production. The second genesis auction of six TinyTap Publisher NFTs will begin on December 15, 2022, and will run for the next 48 hours.
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