In brief
Come do something weird with us at https://t.co/MRdpnHxudU @Adimverse pic.twitter.com/etfMoRuzrl
— Rob McElhenney (@RMcElhenney) June 7, 2022
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-5.58%Reading
The Web3Web3 world is built on a decentralized, collaborative ethos—and it’s pulling in creators from traditional media industries who want to try something new. Now, actor and filmmaker Rob McElhenney from hit TV series “It’s Always Sunny in Philadelphia” aims to use the tech to co-create content and share in the potential royalties ahead.
Adim is McElhenney’s new “entertainment-tech” company, which will see the “Always Sunny” and “Mythic Quest” co-creator and star work alongside emerging creators to develop new characters and story ideas. The “Adimverse” will span original IP created by the participants, and those co-creators will benefit from future entertainment projects that tap into that IP.
“Every beloved character throughout TV, movie, and gaming history has been imagined and brought to life through collaboration,” said McElhenney, in a release. “Adim is building for the next evolution of these groups—communities of creators, writers, artists, designers, developers, fans, and friends working together to create and own a new generation of content.”
In the initial format, 100 creators will be chosen from all applicants to join a virtual writer’s room with Adim co-founder and Co-Chairman McElhenney plus TV writer Keyonna Taylor. At the end of each session, all participants will receive a “Core Character” NFT that conveys a share of ownership over the IP that was developed in that cohort.
Come do something weird with us at https://t.co/MRdpnHxudU @Adimverse pic.twitter.com/etfMoRuzrl
— Rob McElhenney (@RMcElhenney) June 7, 2022
Ultimately, owners of those non-transferrable NFTs will be eligible to receive royalties or revenue share from any projects that use their co-created IP. While the Adimverse website doesn’t specifically note which blockchain network will be used for the NFTs, it mentions Ethereum gasgas fees (the costs associated with transacting on the Ethereum network) and cites Ethereum walletswallets like MetaMask and Rainbow.
An NFT is a blockchain token that serves as a proof of ownership to an item, and often represents digital goods like profile pictures, artwork, collectibles, and video game items. They can also work like ownership shares, as in this example and others—such as rapper Ice Cube’s BIG3 basketball league selling team ownership shares via NFTs.
The legendary rapper, actor, and entrepreneur Ice Cube talks to Decrypt's Andrew Hayward about why his BIG3 basketball league plans to offer fractional team ownership in the form of NFTs, plus his personal interest in crypto.
Adim has raised $5 million in seed funding in a round led by VC firm Andreessen Horowitz. General Partner Chris Dixon tweeted about the funding today.
“Blockchains are social mediums. Composability gives artists the power to take assets & information generated by NFTs or protocols and use them anywhere on-chain,” Dixon wrote, in part. “Adimverse community members could fork characters created by users and build outward from the original Adim universe.”
Alongside McElhenney, Adim was co-founded by serial entrepreneur Richard Rosenblatt alongside Chase Rosenblatt, Melissa Kaspers, and Spencer Marell. Richard Rosenblatt is also co-founder of Autograph, a sports and entertainment NFT company that includes NFL quarterback Tom Brady as a fellow co-founder.
Adim’s board of advisors includes McElhenney’s wife and “Always Sunny” co-star Kaitlin Olson, as well as actor Ryan Reynolds, who co-owns Welsh soccer team Wrexham A.F.C. with McElhenney.
Archie Comics aims to build the largest writers' room on the blockchain with its new Archieverse: Eclipse NFT collection, which will let holders contribute character details and storylines that could potentially be used in future comic books. The 66,666 NFTs are profile pictures (PFP) with randomized traits—akin to Bored Ape Yacht Club or Azuki avatars—and they’re based in the world of the Archie Horror imprint and inspired by “The Chilling Adventures of Sabrina,” which became a Netflix series....
This isn’t the first Web3 project to take a stab at collaborative creation with an NFT component. Archie Comics, for example, recently revealed an Archieverse project that lets NFT owners take part in a large-scale writer’s room to develop comic book stories.
Lost Children of Andromeda, meanwhile, lets NFT collectors develop characters that may be used in author Jason Michael Primrose’s future sci-fi novels. Likewise, The Gimmicks—a project co-created by the studio of actress Mila Kunis—is a wrestling-themed animated series that lets NFT owners develop character and story details for the show.
Three years after a peak NFT mania that drove monthly trading volume to billions of dollars and put the Bored Ape Yacht Club on The Tonight Show, the collectible tokens are once more gaining steam—and so is popular NFT marketplace OpenSea. NFT trading volume recently hit a three-month high, and after marketplace competitor Magic Eden concluded its own ME airdrop, speculation is heating up about a potential OpenSea token. The marketplace may or may not be teasing it, recently asking X (formerly...
The Philadelphia 76ers have launched "Spectrum Sprint," a free-to-play mobile game with Web3 elements, in collaboration with Crypto.com—a team sponsor since 2021. The NBA team’s game features a pixel art vibe, with side-scrolling gameplay that challenges players to navigate iconic Philadelphia landmarks and dash down Broad Street towards the team’s former Spectrum arena. Players can unlock digital collectibles and compete for exclusive prizes across four tiers: Rookie, Pro, All-Star, and Legend....
Nifty Island embraced a wide array of established communities in Web3 to help expand its Roblox-style metaverse game. Now it’s rewarding them. The project, which pioneered the now-popular “play-to-airdrop” campaign, just launched ISLAND, an Ethereum-based utility token that serves as the ecosystem token for its in-game economy. Below, learn everything you need to know about ISLAND now that it's live. What is ISLAND? ISLAND is the native token of the Nifty Island ecosystem, offering holders “i...