SNEAK PEEK
- TinyTap Publisher NFTs were auctioned off for 138.926 ETH, or approximately $228,000.
- A TinyTap Course is a carefully chosen selection of educational games that have been uploaded to TinyTap by a single educator in a certain subject.
- Each participating teacher receives 50% of the net earnings from the sale of the NFTs for their courses, just like in the past on the TinyTap platform.
The leading platform for user-generated educational games, TinyTap, and Animoca Brands, the company promoting digital property rights for gaming and the open metaverse, announced today that the first six TinyTap Publisher NFTs sold at auction for a total of 138.926 ETH (roughly US$228,000 at the time of sale), generating a total of 67.7 ETH (roughly US$111,000 at the time of sale) for the six teachers authored the content linked to the Publisher NFTs.
We are thrilled to announce that @TinyTapAB‘s first Publisher NFTs sold out, generating 138 ETH that is shared with 6 teachers & means a breakthrough in our mission to improve the #education system w/#web3 & to empower educators.
Read the full announcement:https://t.co/CPSK1fyMwX— Animoca Brands (@animocabrands) November 7, 2022
A TinyTap Course is a curated collection of educational games created on TinyTap by one instructor in one particular field, and each Publisher NFT represents co-publishing rights to one TinyTap Course.
Along with TinyTap and the instructor who designed the course, NFT buyers assume the position of co-publishers, and in exchange for promoting and marketing the connected Courses, they receive a portion of the rewards from co-publishing activities.
TinyTap, the leading platform for user-generated educational games, and its subsidiary Animoca Brands, a company that promotes intellectual property rights for gaming and the open metaverse, have created publisher NFTs. Each Publisher NFT has access to a library of engaging educational materials created by teachers on the TinyTap platform (the “Platform”). Six Publisher NFTs will be put up for auction on OpenSea on November 2, 2022, at 11 p.m. (UTC).
As in the past on the TinyTap platform, each participating teacher receives 50% of the net proceeds from the auction of the NFTs of their Courses, along with a 10% ongoing share of any earnings made by those Courses as a result of the NFT owner’s co-publishing efforts, as well as royalties from the NFTs’ secondary sales.
The profitable auction represents another step in the direction of Animoca Brands and TinyTap’s goal of developing an alternative Web3 educational system that places a higher value on teachers by increasing their earning potential.
