{"id":13698,"date":"2021-10-28T18:54:42","date_gmt":"2021-10-28T18:54:42","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/fox-entertainment-and-wwe-ink-multi-year-deal-to-distribute-exclusive-nfts\/"},"modified":"2021-10-28T18:54:42","modified_gmt":"2021-10-28T18:54:42","slug":"fox-entertainment-and-wwe-ink-multi-year-deal-to-distribute-exclusive-nfts","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/fox-entertainment-and-wwe-ink-multi-year-deal-to-distribute-exclusive-nfts\/","title":{"rendered":"Fox Entertainment and WWE Ink Multi-Year Deal to Distribute Exclusive NFTs"},"content":{"rendered":"

Nearly every industry under the sun has started to notice non-fungible token (NFT) technology and on Wednesday, the media and entertainment company World Wrestling Entertainment, Inc., otherwise known as WWE, announced the launch of an exclusive NFT marketplace. According to the announcement, the market will produce licensed digital WWE tokens and collectibles that showcase WWE superstars and iconic moments.<\/strong><\/p>\n

WWE Plans to Lay the Smackdown With NFT Collectibles<\/h2>\n

On October 27, Fox Entertainment and Bento Box Entertainment revealed the companies have inked an exclusive agreement with the publicly-listed media and entertainment company WWE (NYSE: WWE<\/a>). The professional wrestling company was founded in 1953 and is currently the largest wrestling promotion on a global scale with more than 450 events held annually.<\/p>\n<\/p>\n

For years the company owned by Vince McMahon was known as the World Wrestling Federation (WWF) but changed its name in 2002 to WWE. The three entertainment firms plan to launch a marketplace dedicated to licensed WWE non-fungible tokens (NFTs) and NFT collectibles. The collaborative effort will see the creation of \u201cauthentic NFTs that celebrate the company\u2019s entire catalog of digital assets.\u201d<\/p>\n

NFTs Will Feature Summerslam, Wrestlemania, Iconic Moments, and WWE Superstars<\/h2>\n

WWE superstars will be showcased alongside premier events, such as Summerslam and Wrestlemania. According to the announcement, WWE NFTs will be powered by Eluvio\u2019s blockchain technology in a similar fashion as the \u201cThe Masked Singer\u201d NFT marketplace<\/a>. WWE\u2019s NFT market will be launched in the near future and a release date and marketplace name will be disclosed to the public in \u201cthe coming weeks.\u201d<\/p>\n

The announcement also says that Eluvio will authenticate the WWE NFTs and they will be \u201cinteroperable across Ethereum and other blockchains.\u201d Scott Zanghellini, WWE\u2019s senior vice president of revenue strategy and development, explained the partnership helps bolster WWE\u2019s relationship with Fox Entertainment. \u201cThis new partnership allows us to deepen our relationship with Fox, as we continue to explore new and creative ways to engage our passionate fanbase,\u201d Zanghellini said in a statement.<\/p>\n

The deal with Fox and WWE is the two firms\u2019 second partnership, as the two formed a prior bond in 2019 when Fox Sports started to broadcast the WWE show \u201cFriday Night Smackdown,\u201d which airs every week. The Smackdown shows will \u201cplay an important role in promoting the marketplace to WWE fans,\u201d the announcement details. Users will need to leverage a digital wallet provided by Eluvio in order to participate in WWE NFT promotions.<\/p>\n

What do you think about the WWE media and entertainment company teaming up with Fox and Bento Box to deliver official WWE NFTs? Let us know what you think about this subject in the comments section below.<\/strong><\/em><\/p>\n

Bitcoin News
\nBlockchain, Bento Box, Bento Box Entertainment, Eluvio Blockchain, Eluvio wallet, FOX, Fox Entertainment, Iconic Moments, nft, NFT products, NFTs, Non-fungible Token, Pro Wresting, professional wrestling, Scott Zanghellini, Smackdown, Summerslam, Vince McMahon, Wrestlemania, Wrestling, WWE, WWE NFT, WWE NFTs, WWE Superstars<\/p>\n","protected":false},"excerpt":{"rendered":"

Nearly every industry under the sun has started to notice non-fungible token (NFT) technology and on Wednesday, the media and entertainment company World Wrestling Entertainment, Inc., otherwise known as WWE, announced the launch of an exclusive NFT marketplace. According to the announcement, the market will produce licensed digital WWE tokens and collectibles that showcase WWE…<\/p>\n","protected":false},"author":0,"featured_media":13699,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-13698","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/13698"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=13698"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/13698\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/13699"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=13698"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=13698"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=13698"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}