Technology
By James Thorp
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Third Act is the first of its kind, NFT market place for the theatre community. Third Act is launched by members of the Tony Awards.
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Christian Hasker, CMO of Hedera, expressed, ““Third Act has done great work building the right tool to meet the needs of the theatre community.”
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For clarity, Antoinette Perry Award for Excellence in Broadway Theatre is also known as Tony Award, which recognizes excellence in Broadway Theatre.
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The rules for the Tony Awards are set forth in the official document "Rules and Regulations of The American Theatre Wing's Tony Awards", which applies for that season only.”
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Thus, with Third Act, the theatre industry will be having a new way to monetize their production through NFTs.
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Eric Neal, Founder of Third Act, expressed “Distributed Ledger Technologies and blockchain have quickly evolved from a somewhat opaque territory into what will become the future…
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The NBA’s Top Shot product as blockchain-based trading card system generated more than $230 in gross sales, per creator Dapper Labs.
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Michael Joseph Winkelmann, known professionally as Beeple or Beeple Crap, is an American digital artist, graphic designer, and animator.
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Beeple, recently sold one of the “highest paid-for art pieces” at Christie’s in New York.
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Following NBA Top Shot NFT and Beeple for digital arts NFT, it is now Tony awards NFTs for theatre.
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Third Act are producing custom code using Hedera Hashgraph to irrevocably create NFTs. Thus, they will be assigning rights for ownership, royalty, minting - the process of…
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Eric Neal, Founder of Third Act, expressed, “We see the NFT marketplace as a tool for theatre productions to build a new revenue stream that continues to pay royalties, even when…
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