American Idol to roll out real-time predictive NFTs in partnership with Theta Labs

American Idol volition mint non-fungible tokens (NFTs) to commemorate its 20th play and 2 decades of airing successful the U.S.

A property merchandise unveiled this quality connected April 14, noting that the programme seeks to contented the NFTs successful the signifier of contestant-based trading cards. American Idol partnered with Theta Labs connected this initiative.

According to the press release, collectors and the show’s fans volition beryllium capable to entree the American Idol NFT Card Pack connected Theta network’s eco-friendly and low-cost marketplace, ThetaDrop. The battalion goes for $99, and collectors volition get an NFT paper representing 1 of the top-14 contestants.

Theta Labs co-founder and CEO Mitch Liu said:

When you’re collaborating with internationally-renowned amusement brands, it doesn’t get overmuch bigger than American Idol.

He pointed retired that the Theta-powered real-time predictive NFTs would alteration fans to spell beyond voting for the contestants to virtually becoming judges. Liu added that the NFTs would fto them observe with their favourite contestants and cod rewards arsenic they determination done each qualifying circular to the finals.

The eventual prize is an NFT that is redeemable for a Hollywood ticket

As contestants get eliminated during the five-week season, collectors that clasp a stipulated fig of contestant cards volition gain one-of-a-kind rewards.

The archetypal week of rewards volition commencement connected April 25, and collectors that clasp an NFT of 1 of the remaining contestants volition triumph an American Idol 20th Anniversary Animated Logo NFT. The 2nd week of rewards volition spot collectors with 2 NFTs of the remaining competitors triumph $300 worthy of $TDROP, which volition beryllium deposited successful their ThetaDrop accounts.

In the 3rd week, collectors that ain 4 NFTs of contestants that survived erstwhile elimination rounds gain VIP Bronze benefits for their ThetaDrop accounts.

During the past occurrence of the season, the collector holding the NFT of the victor volition get an exclusive Winner’s Ticket to Hollywood NFT. The idiosyncratic tin redeem this NFT into a carnal summons to Hollywood, which American Idol volition present to their home.

Commenting connected American Idols’ foray into the NFT world, the series’ Showrunner and Executive Producer, Megan Michaels Wolflick, said,

At American Idol, we are perpetually challenging ourselves to beryllium connected the forefront of innovation. With interactive NFT trading cards celebrating our 20th season, fans volition beryllium capable to immerse themselves adjacent much into the Idol experience, arsenic they cod their favourite contestants’ cards, and travel their advancement passim the competition.

This quality comes aft American Idol justice and popular superstar Katy Perry partnered with Theta Labs to driblet her NFTs successful June 2021. This woody besides saw her get a number stock successful Theta Labs alongside endowment bureau Creative Artists Agency (CAA), 1 of Theta’s endeavor validators.