coin.news
  • Home
  • News
    • Metaverse
    • NFT
    • DeFi
  • Analysis
  • Market
    • Cryptocurrencies
    • Exchanges
  • Glossary
No Result
View All Result
coin.news
  • Home
  • News
    • Metaverse
    • NFT
    • DeFi
  • Analysis
  • Market
    • Cryptocurrencies
    • Exchanges
  • Glossary
No Result
View All Result
coin.news
Home NFT

American Idol to Celebrate Two Decades with NFTs in 2022

American Idol fans will win NFTs from the show

folashade by folashade
17 Apr 2022
Read in 2 mins

A rendition of “Diamond in the Rough” by American Idol

One of the most compelling stories to tell is the one of a person who came from nothing to become successful. For more than two decades, American Idol has given a platform for a diverse wide range of individuals to perform in front of the world, create a fan following, and make a little money. The great majority of American Idol finalists would not have been able to establish or progress their musical careers if they had not competed on a platform such as American Idol.

It’s only logical that American Idol would have a lot planned to honor two decades of breaking down barriers in the entertainment industry. Any commemoration of the year 2022 would be incomplete without the inclusion of an NFT component, and American Idol fans will naturally have access to fantastic NFT items courtesy of this company.

A performer at the American Idol Show

In the American Idol NFT idea, the notion that assets are related to the current season’s contestants is an excellent consideration. With each episode of the season that passes and each candidate eliminated, fans will have an unparalleled opportunity to win prizes and engage with the artists.

This NFT project aims to allow fans to follow artists on the program while also earning money from the NFTs they purchase. After all, one of the goals of this project is to allow fans to follow musicians on the show while making money from the NFTs they are buying. American Idol is not doing this endeavor alone; in order to secure its success, they have partnered with ThetaDrop.

ThetaDrop and American Idol Partnership

During the 25th anniversary celebration of American Idols, the show collaborated with the technology company ThetaDrop to create a set of NFT trading cards powered by the Theta Network. As previously indicated, this partnership will make it easier for fans to communicate with one another and, in certain circumstances, earn money via the purchase of NFTs (non-functional toys).

According to ThetaLabs CEO Mitch Liu, “When it comes to cooperating with internationally prominent entertainment organizations, there are few better than American Idol,” when questioned about the link. “Alongside theta-powered real-time predictive NFTs, fans will be able to do more than just vote for their favorite contestants; they will also be able to rejoice alongside them and get rewards as they advance through each qualifying round and into the finals,” says the statement.
It seems like both American Idol, and ThetaLabs are enthusiastic about working together to develop a fantastic product.

How You Can Compete and The Prizes up for Grab

Consider the following scenario: you spend $99 on an American Idol NFT Card Pack, and you get a random NFT card depicting one of the Top 14 competitors from the competition. Then, when participants are eliminated from the game over the course of the show, you may be eligible for substantial cash prizes if your NFT numbers match those of the contestants who were removed from the game.

In addition, holders of the winning NFT for this season will be entered into a “raffle” to win an NFT with the theme “Ticket to Hollywood.” The raffle winner will get an actual Hollywood movie ticket in the mail.

Tags: American IdolNFTThetadrop

Related Posts

Dubai

Dubai will hire 40,000 new metaverse workers in 2022

Jul 19, 2022
moonpay

MoonPay will facilitate payments for Web3 through its partnership with Unstoppable Domains.

Jul 15, 2022
Load More
coin.news

coin.news covers a wide range of news on Bitcoin, Ethereum altcoins, DeFi, NFTs and emerging trends.

Categories

  • DeFi
  • Featured
  • Metaverse
  • News
  • NFT
  • Opinion
  • Press Release

Newsletter

  • About Us
  • Ethics
  • Contact Us

© 2021 - 2022 coin.news

  • Analysis
  • News
  • Glossary
  • Market
    • Cryptocurrencies
    • Exchanges
    • Crypto converter

© 2020 - 2022 coin.news

bitcoin
Bitcoin (BTC) $ 26,485.10 0.63%
ethereum
Ethereum (ETH) $ 1,623.64 0.19%
tether
Tether (USDT) $ 0.998912 0.01%
bnb
BNB (BNB) $ 213.60 0.52%
xrp
XRP (XRP) $ 0.499855 0.97%
usd-coin
USDC (USDC) $ 0.999734 0.09%
staked-ether
Lido Staked Ether (STETH) $ 1,623.58 0.15%
cardano
Cardano (ADA) $ 0.245958 0.31%
dogecoin
Dogecoin (DOGE) $ 0.060876 0.45%
solana
Solana (SOL) $ 19.19 0.78%