NFT Tech Announces Updates to the Elvis Presley Project and Launches New Technology to Revolutionize Legacy Fan Engagement
VANCOUVER, British Columbia–(BUSINESS WIRE)–NFT Technologies Inc. (NEO: NFT | OTC Pink: NFTFF | FRA: 8LO) (the “Company” or “NFT Tech”), a number one know-how firm mainstreaming decentralized possession, NFTs and the metaverse for public markets, units a model new precedent with the launch of the Elvis Legacy Council.
The undertaking will likely be formally launched beneath the model “The Elvis Legacy Council”, undertaking highlights embody an especially restricted NFT assortment, formally licensed digital wearables and collectibles, distinctive metaverse experiences, unique in particular person Graceland excursions, Memphis experiences, and lots of extra!
The Elvis Legacy Council is the governing physique that may make key selections on the way forward for Elvis’ digital property, each on the blockchain and within the bodily realm. The Council, which is the primary of its sort, offers followers the flexibility to create proposals and vote on concepts of others on what the way forward for Elvis will likely be!
NFT Tech’s rights settlement with Elvis Presley Enterprises, Inc. grants the Firm the flexibility to showcase licensed content material globally, and grants entry to Sony Music, Common Music Publishing Group and Warner Bros. Footage, amongst others.
The marketplace for legacy IP of celebrities which have handed away is valued at over $2 billion per year. The Elvis property generated $30 million in 2021 even earlier than Warner Bros summer time blockbuster movie. “Sadly, there’s a growing list of celebrities who leave behind a massive fanbase, often stopping any creation of new material fans can interact with. Brands often see a slow decline in engagement every year. By moving these brands to web3 we can ensure the creativity lives forever and is secured by blockchain technology. Investors can anticipate the company to take a larger step into this industry, working with other entertainment icons.” mentioned Adam De Cata.
Within the present panorama of legacy IP. Fans are fragmented and unable to pool sources for shared objectives. Regardless of restricted affect over decision-making and restricted entry to the manufacturers’ content material, followers find yourself paying recurring charges inside a posh, opaque system of IP rights. Most legacy IPs are at the moment maintained by various personal collections which can be restricted to bodily exhibitions, which can’t be shared with followers at scale.
“The Elvis Legacy Council will ensure that The King of Rock and Roll’s legacy lives on, pushing past boundaries set by time and space,” says Adam De Cata, NFT Tech CEO. “It’s giving Elvis fans a new voice, verified on-chain, in shaping the continued legacy of Elvis in perpetuity for future generations to enjoy.”
This undertaking units precedents within the web3 area by giving each founding member key decision-making energy by means of the Elvis DAO (Decentralized Autonomous Group). Founding members have governance rights to make proposals for Elvis content material. For a lot of followers, it is a uncommon alternative to see misplaced Elvis footage and are available into contact with uncommon Elvis memorabilia.
“Imagine a Founding Member proposing we purchase rare 8mm footage of behind-the-scenes footage of ‘Elvis On Tour.’ This proposal could get upvoted, procured, then showcased with the world in the biggest watch party in the metaverse. The opportunities for fans to engage with never-before-seen content at scale is huge,” continues Adam.
“Elvis’ legacy will endure on the blockchain long after we pass, including the NFT metadata and future DAO achievements,” says Adam. “This allows, for example, anyone to take the code to ‘recreate’ the smart contract and revive the project at any time.”
Rollout particulars
Whitelists: https://linktr.ee/ElvisPresleyLC
September 21: Airdrop of formally licensed Elvis wearables
September 22: Launch Social gathering in Decentrland Guinness World File
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