When TinyTap introduced the concept of Publisher nft, their goal was to use it to support content creators in the line of education and publishing.
Animoca Brands announced that season 2 of its Publisher nft exceeded all expectations and is already sold out. He shared this in a recent announcement, revealing that the sale of the 720 publisher NFTs generated 538,560 EDU tokens in total. That’s approximately $315,517, at the time of sale.
The sale follows November 2022. advertisement when Animoca revealed that the first batch of six TinyTap Publisher NFTs had sold out. In total, the lot generated 138,926 eth (approximately $228,000 at the time of sale) in revenue. This means that the six professors who wrote the content linked to the publisher’s NFTs saw 67.7 eth. That’s approximately $111,000 at the time of sale.
Animoca to pay educators with proceeds from publisher’s nft sales
Recall that the Publisher NFTs were created by Animoca subsidiary and educational technology platform TinyTap, and the sale was facilitated by the community-led educational protocol Web3 Open Campus. Therefore, the amount generated will serve as initial and even ongoing income for the 168 educators on the TinyTap platform.
When TinyTap introduced the concept of Publisher nft, their goal was to use it to support content creators in the line of education and publishing. Even more so, in a way that would give these creators better rights to their educational content on TinyTap.
It is worth mentioning that the content on the TinyTap platform has always generated income. That’s even before they were linked to NFTs. However, with Publisher NFTs, that same content now grants creators new autonomy and better earnings.
Initially, educational creators will get 50% of the profits from their NFTs. They also get an ongoing 10% share of the revenue the NFTs generate. And finally, creators now have access to a royalty consisting of 5% of the secondary sale of their NFTs.
Impact of digital assets on education
For what it’s worth, digital assets appear to be shaping the education sector in an unprecedented way. For example, Publisher NFTs now allow creators to focus entirely on creating more content. This is because anyone who purchases the nft automatically becomes a co-publisher of the content linked to the nft and can receive a share of up to 80% of the revenue generated by the content. Therefore, the responsibility to promote and market the content falls on the nft holder, says TinyTap.
According to TinyTap CEO Yogev Shelly, the just-concluded sale brings more to education than just the revenue opportunity for creators. Shelly said in part:
“It’s about building a future where communities play a critical role in shaping curricula and empowering teachers and content creators to pave the way toward true educational autonomy.”
TinyTap was founded in 2012 and has grown to become the largest library of educational games in the world. Notable publishers he has worked with include Oxford University Press, Sesame Street, Pinkfong, and many more.
next