Given the popularity of NFTs and the expectation of it only growing in the future, several industries tried to jump in on the fear of missing out. Nonetheless, it is not merely an attempt to stay updated but a concrete measure taken to be part of the development itself. These NFTs are revolutionizing multiple industries, from gaming, art, music, fashion, and sports, as digital technology modernizes the world.
In particular, studio owners constantly seek strategies to remain competitive as the home entertainment industry evolves. A premier global media and entertainment company, Warner Bros. Discovery, has teamed with Web3 and Content Blockchain pioneer, Eluvio, to develop and sell a movie’s NFT bundle. In other words, this makes the company the first major studio to release film footage as a multimedia NFT.
The media conglomerate of brands HBO, DC, Cartoon Network, and Warner Bros., among many others, is releasing NFTs for its iconic 2001 film “Lord of the Rings: Fellowship of the Ring.”
NFTs are unique blockchain tokens that signify ownership. The NFT gives the holder a license to view the “Lord of the Rings” footage much like a BluRay DVD, but in a more digitalized experience. In transforming traditional films into NFT movies, Warner Bros offers a tremendous opportunity to engage and attract a mass audience.
Ultimately, the NFT launch is a means of testing whether the large market of audiences is open to direct-to-consumer content with Web3 components. Chances are these NFTs will evolve as the preferred way for film enthusiasts to feel a more personal sense of ownership in the digital age.
Real Research, an online survey app, launched a poll to gather opinions regarding whether or not the public will embrace this trend of selling movie merchandise as a digital NFT.
Hence, hurry and answer the survey on Warner Bros releasing ‘Lord of the Rings’ NFTs on the Real Research app from November 01, 2022. After that, you will receive 40 TNCs as a reward.
Target Number of Participants:
Real Research News is the media platform that presents insights and studies of wide-range of topics. It focuses on insights gathered from its survey app.