By Stuart Thomson
Digital media services outfit and content aggregator ODMedia has teamed up with BuzzShow Network, a blockchain-employing ‘video social media decentralized multi-platform’ to create a video non-fungible token (NFT) marketplace.
The BuzzShow Network NFT marketplace will offer ODMedia’s clients a video NFT system using the BuzzShow decentralized blockchain platform.
ODMedia said that the integration into BuzzShow Network will allow content creators, video, animation, and character rights holders to offer their content for sale, rent, and/or license in a one-shop stop.
NFTs are unique crypto tokens that represent objects including art, music, in-game items, and videos. They are bought and sold online, mostly with cryptocurrency, and are encoded using blockchain technology.
BuzzShow Network was built based on a licence and revenue share model for content curators. NFTs are seen as a next step that will complete the line-up of rewards and monetisation options already in use on BuzzShow Network.
The network uses peer-to-peer decentralization and a social media experience for users that allows them to earn Goldies (GLDY), the platform’s native utility tokens, by creating, curating, sharing, viewing, and streaming video content.
“As we continue to position ourselves at the forefront of the global digital media and entertainment marketplace, partnering with BuzzShow Network to create a video NFT marketplace is a natural step forward. This can open up a new source of revenue and user engagement for our clients,” said CEO of ODMedia, SjefPijnenburg.
“As a pioneer in the field of the full-cycle reward-based video platform, BuzzShow Network vision was always to facilitate an easy-to-use, complete, and fair system that maximizes rewards for creators and curators. ODMedia’s international reach and in-depth experience with content rights is a perfect partner to help make BuzzShow NFT marketplace a success,” said founder of BuzzShow Network,Offer Kohen.
