Notice: Undefined offset: 1 in /home/energizium/public_html/wp-content/themes/jnews/class/ContentTag.php on line 86

Notice: Undefined offset: 1 in /home/energizium/public_html/wp-content/themes/jnews/class/ContentTag.php on line 86
Saturday, March 26, 2022
Energium
  • Home
  • Crypto
    • Altcoin
    • Bitcoin Cash
    • Etherium
  • Wallets
    • Bitcoin Wallets
    • Dash Wallets
    • Ethereum Wallets
    • Litecoin Wallets
    • Ripple Wallets
    • Tron Wallets
  • GUIDES
    • Altcoin Guide
    • Bitcoin Guide
  • DEFI
  • About Us
  • Contact Us
No Result
View All Result
No Result
View All Result
Home Press Release

TokenSociety.io Announces the NFT Entertainment Financing Platform and the Launch of the First Project

admin by admin
September 7, 2021
in Press Release
0
TokenSociety.io Announces the NFT Entertainment Financing Platform and the Launch of the First Project
585
SHARES
3.3k
VIEWS
Share on FacebookShare on Twitter

Notice: Undefined offset: 1 in /home/energizium/public_html/wp-content/themes/jnews/class/ContentTag.php on line 86

Notice: Undefined offset: 1 in /home/energizium/public_html/wp-content/themes/jnews/class/ContentTag.php on line 86

“Men of the House” is the first television show pilot to be entirely funded by an NFT sale. TokenSociety.io launches a new ERC standard token that supports multiple owners and pays creator commissions on all NFT platforms.

CHEYENNE, WY / ACCESSWIRE / September 7, 2021 / TokenSociety.io is a new platform for NFTs, or non-fungible tokens. Their project in the entertainment industry has completed its first NFT Drop for the pilot episode of “Men of the House,” a situation comedy TV series written and directed by Levelle G. Benson and starring Kareem Grimes, Addae Nassir, Erica Peeples, Skyler Grey, and Chase Fisher, Jr.

NFTs have recently gained favor in the film industry. Godzilla vs. Kong was the first major picture to use NFTs, and it was a huge hit. The new Space Jam film was accompanied by 91,000 NFTs, which were given away as free or low-cost collector digital cards. NFTs are also being planned for John Wick, The Hunger Games, and Mad Men to augment their respective franchises. The studios’ goal is to boost fan interaction and provide new income sources.

“Men of House” is the first television show pilot entirely funded by the sale of TokenSociety’s “Snippetz” NFTs. The first NFT Drop is of the new show “Men of the House, which is the season 1 pilot episode. It is made up of 60, 30-second consecutive clips from the show (Snippetz) that were acquired by a small number of NFT fans. Beginning in November 2021, Snippetz for future episodes will be generated and given at random to a pool of NFT purchasers who subscribe to that specific episode (NFT Drop) on the TokenSociety.io platform.

“The process of funding the pilot for “Men of the House” using TokenSociety was amazingly stress-free and allowed me to entirely focus on the creative side of my project. I have full financial backing with complete creative freedom, which is unheard of, especially as a first-time director. As a creative person, there isn’t a better situation to be in to bring your project to life. TokenSociety is a blessing.” – Levelle G. Benson, creator, writer, producer of “Men of the House.”

Each Snippetz generated for each episode will have a secret real-world experience or tangible object linked with the NFT related to that specific episode, in addition to owning the Snippetz. One Snippetz Holder will get the opportunity to appear as a cast member in a future episode, and three more Snippetz holders will have the opportunity to visit the set for a meet & greet with the actors while the program is being produced. If a user buys a minimum of 30% of the Snippetz from the drop of an episode, they will be eligible to receive an Executive Producers Credit for that episode. Additionally, individuals who buy Snippetz in any of the episodes will be entered to win additional prizes, including an all-expenses-paid trip to Belize to witness the season 1 finale being filmed.

Each subsequent episode will have a celebrity guest appearance as well as music from up-and-coming independent musicians. Those who want to buy “Men of the House Snippetz” will be able to choose whatever episode they want to buy, knowing which celebrity would appear.

Apart from being TokenSociety’s first successful Snippetz Drop, the NFTs created for “Men of the House” are also the first of a new extended ERC standard token introduced by TokenSociety that pays NFT creators flat commissions rather than a percentage of the sale, wherever and whenever their tokens may be sold or transferred in the future.

“All NFTs support the basic interface, known as ERC 721, that enables basic functions such as transferring a token. Commissions are usually charged at the level of the marketplace, such as on OpenSea or Rarible. In order for commissions to work across all marketplaces, we included them in the NFT smart contract itself. A “flat fee” commission must be paid to the token creator by the purchaser, prior to the token transfer. Since people can make any sort of payment arrangement outside of the blockchain or transfer the NFT between wallets for no compensation, the commissions are designed to be a flat fee whenever the token is transferred between wallets.” He also said, “After publishing TokenSociety, we plan to publish this as an open ERC standard, hoping it will be adopted by other NFT platforms, just as ERC1155 has been. Although we have come up with our own formula for commissions, we have made the interface general enough that others can come up with their own formulas.”

The ability to assign numerous receivers of the NFT Sale proceeds and/or many owners of future commissions or royalties who each earn their portion each time the commission or royalty is paid in the future is another unique feature of the new TokenSociety ERC Token.

TokenSociety.io will shortly open its NFT marketplace, which will feature high-end digital and physical art as well as one-of-a-kind collectibles, in addition to project finance.

About TokenSociety.io

TokenSociety.io is a curated NFT Minting Platform and Marketplace which allows its users to create NFTs for various purposes including entertainment project financing as well as documenting the ownership and provenance of real-world assets. TokenSociety is the first NFT Platform that allows creators to charge a flat-fee royalty for all future sales of their NFTs which can be paid to the creators across all other NFT platforms. TokenSociety.io is also the first NFT platform to allow its creators to mint NFTs with multiple owners and/or recipients of future royalties.

Website: tokensociety.io

Follow TokenSociety on Instagram

Twitter: https://twitter.com/TheTokenSociety

Medium: https://medium.com/@thetokensociety

Telegram https://t.me/tokensociety

Pr contact : [email protected]

You might also like

Onino Project announces the launch of its own multi-chain crypto-asset management application

The Rising of GameFi Innovators, Metaverse Gamefi with DNAxCAT is about to Start a New Journey

The King of Blockchain Game StarMon is Coming, Strategies for Beginners of Play to Earn

Share via:

  • Facebook
  • Twitter
  • LinkedIn
  • More
Previous Post

Mdex DAO Arrives on schedule Give Mdex Competitiveness

Next Post

CreataChain and its Use Cases

admin

admin

Andrew is a technology and crypto writer with 2+ years of experience. He covers security, cryptocurrencies, and business technology.

Related Posts

Onino Project announces the launch of its own multi-chain crypto-asset management application
Press Release

Onino Project announces the launch of its own multi-chain crypto-asset management application

by admin
February 1, 2022
The Rising of GameFi Innovators, Metaverse Gamefi with DNAxCAT is about to Start a New Journey
Press Release

The Rising of GameFi Innovators, Metaverse Gamefi with DNAxCAT is about to Start a New Journey

by admin
December 30, 2021
The King of Blockchain Game StarMon is Coming, Strategies for Beginners of Play to Earn
Press Release

The King of Blockchain Game StarMon is Coming, Strategies for Beginners of Play to Earn

by admin
December 30, 2021
With the Game Coming soon, StarMon is Expected to be the First Metaverse Game to Go viral in 2022
Press Release

With the Game Coming soon, StarMon is Expected to be the First Metaverse Game to Go viral in 2022

by admin
December 28, 2021
Nemesis Wealth Projects provides easy access to DeFi
Press Release

Nemesis Wealth Projects provides easy access to DeFi

by admin
December 1, 2021
Next Post
CreataChain and its Use Cases

CreataChain and its Use Cases

  • All
  • Crypto
  • Cryptocurrency
  • Mining
NFT

How does OpenMeta stand out and make a breakthrough in the NFT market?

by admin
March 19, 2022
0

According to NFTGO, an NFT statistics website, the total market value of NFT has shot up to US$16 billion. Its...

Read more
Ankr Announces New CMBDO Greg Gopman to Lead Team to New Era of Decentralization

Ankr Announces New CMBDO Greg Gopman to Lead Team to New Era of Decentralization

February 17, 2022
How to Save Hawaiian Geese and Get Wealth with Grand Goose Mansion?

How to Save Hawaiian Geese and Get Wealth with Grand Goose Mansion?

February 16, 2022
How to Save Hawaiian Geese and Get Wealth with Grand Goose Mansion?

How to Save Hawaiian Geese and Get Wealth with Grand Goose Mansion?

February 16, 2022
Five Unique and Great Ways to Use Your Bitcoin Cash-Out

Five Unique and Great Ways to Use Your Bitcoin Cash-Out

February 15, 2022
  • Altseason Pushed Further Back As Top Altcoins Fall Under Bitcoin

    Altseason Pushed Further Back As Top Altcoins Fall Under Bitcoin’s Spell ⋆ ZyCrypto

    3288 shares
    Share 1315 Tweet 822
  • The Cost Of Transacting With Bitcoin Has Dropped By Almost 90% Within A Month ⋆ ZyCrypto

    3082 shares
    Share 1233 Tweet 771
  • CVNT drives 20 Million Users Crazy

    2494 shares
    Share 998 Tweet 624
  • Ethereum’s Vitalik Buterin Lambastes The Stock-to-Flow Model That Predicts 6 Figures For BTC Price ⋆ ZyCrypto

    2334 shares
    Share 934 Tweet 584
  • The future of travel and tourism: traditional companies getting ready for post-pandemic recovery by tapping into digital solutions

    2155 shares
    Share 862 Tweet 539

About

Energizium gives you an insight of the costs of bitcoin and crypto including the rise and drop rate as well. The publication house categorises information about trading, blockchain, cryptocurrency, mining etc.

Recent Posts

  • How does OpenMeta stand out and make a breakthrough in the NFT market?
  • Ankr Announces New CMBDO Greg Gopman to Lead Team to New Era of Decentralization
  • How to Save Hawaiian Geese and Get Wealth with Grand Goose Mansion?

Catagories

  • Mining
  • Crypto
  • Press Release
  • Price Analysis
  • Cryptocurrency
  • Trading
  • Cryptocurrencies
  • Blockchain

Tags

Bitmain cryptocurrency Nebulaplan Quarkhash
  • About Us
  • Contact Us

Associated with Blockchain Press Media Network.

No Result
View All Result
  • Home
  • Crypto
    • Altcoin
    • Bitcoin Cash
    • Etherium
  • Wallets
    • Bitcoin Wallets
    • Dash Wallets
    • Ethereum Wallets
    • Litecoin Wallets
    • Ripple Wallets
    • Tron Wallets
  • GUIDES
    • Altcoin Guide
    • Bitcoin Guide
  • DEFI
  • About Us
  • Contact Us

Associated with Blockchain Press Media Network.

  • Facebook
  • Twitter
  • LinkedIn
  • More Networks
Share via
Facebook
Twitter
LinkedIn
Mix
Email
Print
Copy Link
Powered by Social Snap
Copy link
CopyCopied
Powered by Social Snap