American Idol is one of the most popular talents shows in the world. And this year it celebrates its twentieth anniversary. Representatives of the project felt that in today’s realities there is nothing better than to celebrate this event by releasing a collection of NFTs.
American Idol allowed a huge number of people to perform in front of the whole world, build a fan base and earn some money. Many American Idol contestants would not be able to start or continue their music careers without such a platform. American Idol needs a lot of planning to deliver the NFT collection in 2022. Fans of the show will soon be able to access the huge NFT assets of their favorite show.
See Also: The NFT Market Is Growing More Than The Cryptocurrency Market, According To Nansen Report
American Idol NFT tokens will be tied to current season participants. As time passes and contestants are eliminated, fans can win prizes and interact with the performers. The main goal of the project is to give fans the opportunity to follow the performers on the show and earn money with the NFTs they purchase. The show will collaborate with ThetaLabs to bring its ideas to life. This partnership will make it easier for fans to get involved and possibly earn with the NFTs they buy.
“When you partner with world-famous entertainment brands, it doesn’t compare to American Idol. Powered by Theta technology, our NFTs will allow fans to not only vote for contestants, but also become judges, marking their favorites and earning rewards as they progress through each qualifying round to the finals,” said Mitch Liu, CEO of ThetaLabs.
A fan of the show can purchase the NFT as a pack of member cards for $99. Initially, he does not know which member he received. As the show progresses and contestants drop out of the competition, the token holder has a chance to win exciting prizes if they have the matching NFT numbers of the eliminated contestants.
At the end of the show, NFT holders featuring this season’s winner will be entered into a Ticket to Hollywood NFT draw. And the winner of the draw will be able to get a physical ticket to Hollywood.
