Fox Entertainment and âRick and Mortyâ creator Dan Harmon are collaborating on a new animated series, Krapopolis, produced entirely using blockchain technology. The show will come with a slew of exclusive non-fungible tokens (NFT).Â
The entertainment giant announced the plans on Monday in a press release for the upcoming 2021-2022 programming season. The show is the brainchild of Dan Harmon, creator of the popular series âRick and Morty,â and Bento Box Entertainment.Â
This new blockchain-based animated series is the first of its kind. The show acts as a step into the NFT arena for Fox. Alongside the announcement for Krapopolis, Fox revealed that itâs launching its own NFT company called Blockchain Creative Labs according to a report from the Hollywood Reporter.Â
SponsoredFox says its new NFT marketplace will produce and sell collectibles ranging from âone-of-a-kind character and background art and GIFs, as well as tokens that provide exclusive social experiences to engage and reward super fans.â The NFTs created for Krapopolis hold value not only for collectors but for the broadcaster.
In a statement to advertisers the CEO of Fox Entertainment, Charlie Collier, commented on the companyâs place at the forefront of the foray into the crypto space, âas an advertiser-focused, artist-first and animation-obsessed company, Fox is going to take advertisers into the world of Blockchain-powered tokens, including NFTs.âÂ
NFTs, crypto, and entertainment
Foxâs new show is the first animated series to be created using blockchain technology. Itâs also the first show to create NFT content based off of a television series for viewers to engage with. However, the entertainment space is teeming with new NFTs and support for the technology.
Recently, Kevin OâLeary, host of the investment TV show âShark Tankâ came out in praise of the future of NFTs saying, âItâs going to be phenomenal.â
At a Christieâs auction last week, nine NFTs from the rare CryptoPunkâs collection sold for nearly $17 million. The sale marked one of the biggest NFT auctions to date for the auction house.