Media and entertainment house Fox is launching Blockchain Creative Labs, a non-fungible token (NFT) company, and “Krapopolis,” a blockchain-based animation series.
Krapopolis is a new comedy series created by Dan Harmon, who created the world-famous science fiction animation Rick and Morty. The series will tell the story based on “a flawed human, god and a family of monsters trying to rule one of the world’s first cities without killing each other.” The series will be broadcast by Fox’s subsidiary Bento Box Entertainment.
Fox will design NFTs representing characters, various artworks and GIFs for Krapopolis to reward interested fans, and put them on sale in a marketplace that will offer a variety of digital items. Fox has yet to reveal any details about the NFT business, including what blockchain network it plans to use to generate and sell NFTs. Fox Entertainment CEO Charlie Collier said:
NFTs are unique digital items in a blockchain. According to The Block’s Data Dashboard, their popularity has increased recently, but their weekly volumes, users, and transactions have declined after their February peak.