Skip to main content

Fox Entertainment and WWE Ink Multi-Year Deal to Distribute Exclusive NFTs

Nearly every industry under the sun has started to notice non-fungible token (NFT) technology and on Wednesday, the media and entertainment company World Wrestling Entertainment, Inc., otherwise known as WWE, announced the launch of an exclusive NFT marketplace. According to the announcement, the market will produce licensed digital WWE tokens and collectibles that showcase WWE superstars and iconic moments.

WWE Plans to Lay the Smackdown With NFT Collectibles

On October 27, Fox Entertainment and Bento Box Entertainment revealed the companies have inked an exclusive agreement with the publicly-listed media and entertainment company WWE (NYSE: WWE). The professional wrestling company was founded in 1953 and is currently the largest wrestling promotion on a global scale with more than 450 events held annually.

For years the company owned by Vince McMahon was known as the World Wrestling Federation (WWF) but changed its name in 2002 to WWE. The three entertainment firms plan to launch a marketplace dedicated to licensed WWE non-fungible tokens (NFTs) and NFT collectibles. The collaborative effort will see the creation of “authentic NFTs that celebrate the company’s entire catalog of digital assets.”

NFTs Will Feature Summerslam, Wrestlemania, Iconic Moments, and WWE Superstars

WWE superstars will be showcased alongside premier events, such as Summerslam and Wrestlemania. According to the announcement, WWE NFTs will be powered by Eluvio’s blockchain technology in a similar fashion as the “The Masked Singer” NFT marketplace. WWE’s NFT market will be launched in the near future and a release date and marketplace name will be disclosed to the public in “the coming weeks.”

The announcement also says that Eluvio will authenticate the WWE NFTs and they will be “interoperable across Ethereum and other blockchains.” Scott Zanghellini, WWE’s senior vice president of revenue strategy and development, explained the partnership helps bolster WWE’s relationship with Fox Entertainment. “This new partnership allows us to deepen our relationship with Fox, as we continue to explore new and creative ways to engage our passionate fanbase,” Zanghellini said in a statement.

The deal with Fox and WWE is the two firms’ second partnership, as the two formed a prior bond in 2019 when Fox Sports started to broadcast the WWE show “Friday Night Smackdown,” which airs every week. The Smackdown shows will “play an important role in promoting the marketplace to WWE fans,” the announcement details. Users will need to leverage a digital wallet provided by Eluvio in order to participate in WWE NFT promotions.

What do you think about the WWE media and entertainment company teaming up with Fox and Bento Box to deliver official WWE NFTs? Let us know what you think about this subject in the comments section below.



from Bitcoin News https://ift.tt/31cNyX5
Labels:

Comments

Post a Comment

Popular posts from this blog

Deep Web Roundup: Dream Adds Monero and Bitcoin Tumbler “Chip Mixer” Launches

The darknet has been quiet of late, which is the way it’s meant to be. No news means no mega busts, honeypots, or mass market shutdowns. Even when it’s out of the spotlight though, the deep web is quietly making news, whether trialling the latest privacy coins or the newest coin mixers that promise to restore a little of the privacy that’s being stripped away from bitcoin users on a daily basis. Also read: U.S. Agency ICE Conducts Investigations That Exploit Blockchain Activity The Battle for Privacy Heats Up Privacy is all relative, but of late there’s been relatively little privacy to be enjoyed by bitcoin users. Blockchain monitoring software is becoming more sophisticated and more common, with U.S. law enforcement agencies using it to profile and hunt down deep web users. Chip Mixer is a relatively new bitcoin tumbler that’s designed to restore some of that privacy. Available on both the clearnet and darknet, the service uses a variety of techniques to obfuscate blockchain m
10 comments
Read more

International Crypto Exchange Luno Adds Bitcoin Cash Trading

Luno exchange has added bitcoin cash trading to the platform following feedback from its client base. BCH is now only the third cryptocurrency available for trading on the exchange, in addition to BTC and ETH , but more options could be on the way once Luno determines that they are credible enough. Also Read: Bitflyer Adds Bitcoin Cash Trading Across Europe and the US Luno Adds Bitcoin Cash Trading Luno, the London-headquartered company formerly known as Bitx, recently announced that bitcoin cash was made available on its cryptocurrency exchange. Starting from Monday, September 23, customers at Luno are now able to store, buy and sell BCH on the platform. The reason given for adding BCH to the exchange is feedback from users in developing markets that convinced Luno to expand their offering from previously just BTC and ETH . Marcus Swanepoel, CEO of Luno, said , “We are in a new and exciting financial era. Developing economies are leading the large-scale adoption and appli
Post a Comment
Read more

Ombudsman Receives Complaints About Crypto Investments in Spain

The Spanish ombudsman has been receiving complaints about cryptocurrency and how some Spanish citizens investing in these vehicles have lost everything. In his annual report, Angel Gabilondo recognized the rise of cryptocurrencies as a new problem due to the little or no regulation crypto sees in the country. In the same way, the EU has also warned about these assets recently. Spanish Ombudsman Gives His Take on Crypto Angel Gabilondo, the Spanish ombudsman, has given his take regarding cryptocurrencies and the effects they have on citizens investing in some of these projects. Gabilondo said in his yearly report that cryptocurrencies have become “a new problem” during the year examined, with many people having lost all of their funds invested. The report states : Cryptocurrency exchange companies or platforms are not regulated in the legal system, are not subject to any public supervision system, nor do they benefit from deposit guarantee systems. The affected users that sought
Post a Comment
Read more