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American Idol have announced that they would partner with Theta Labs. The partnership is focused on minting NFT tokens in a way to celebrate the 20 seasons of the show. Americans will be able to purchase the American idolNFT card packs from Theta Drop.
The American Idol producers came up with some exciting collectibles and challenges.
Theta Labs, is the company which created Theta Network. Theta Drop, is the NFT Market place powered by Theta Network.
Previously, users were called to pre-fund the NFT pack. The NFTs were dropped on Friday 4/22 on the Theta Drop.
This is not the first time that the Theta Labs have partnered to produce NFTs. The long list of partnerships consist of major names like World Poker Tour, Crazy4cryptos, Katy Perry, Synopsis, Theta Network, Hinse, Rob Feldman, Secret Pineapple Society, Just Weird TV, Highsgaminghub, The Passaways, JoeyTV, FuseTV, Order of the Tigons, Winston Goodfellow, Mena Massoud, Bitboycrypto, Imaginary Friends Co, Cosmographia, American Idol, Twitch Pixel Studios, Digital Asset News, Sizzle Popcorn, Pittsburgh Knights, Blockchainboy, Pixiekittie, Symbiote Creatives, Takeasmoke, Hashoshi, Thetatv, Cryptowendyo, Davirus, Paris Blockchain Week Summit, Mememafia, Cryptostache and now the American Idol.
The types of NFTs made available are in categories like: Token, Pack, and Redeemable.
ThetaDrop is a next-generation non-fungible token (NFT) marketplace for digital collectibles. The general marketplace will open to all creators/artists big and small. It is a real-time NFT marketplace, because ThetaDrop incorporates live streaming during auctions and NFT drops to increase creator-fan engagement, and tie-ins with live television and cable broadcast to millions of global viewers.
ThetaDrop is powered by the Theta Network, the leading blockchain technology purpose-built for media and entertainment. It is based on a proof-of-stake model unlike Bitcoin and Ethereum and therefore is environmentally friendly and 100% green. Creating and transacting NFTs on the Theta Network costs a fraction of a penny and is 100x faster than Ethereum. The branded partners and creators love their approach. And, anyone would love.
Is Theta Network a good investment? Theta has the best immediate real world use case of all the thousands of crypto projects. Video accounts for 2/3 of all internet traffic. There is a constantly increasing demand for higher quality video, as well as the potential for VR content to become more popular.
Theta Token has a great potential to improvise on video streaming. The fact that several major brands are partnering with the network is proof that the technology is opening new opportunities and therefore more opportunity in the cryptocurrency space.
