\n
\n
\n
\n
\n
<\/p>\n
\n
\n
\n
\n
\n<\/p>\n
Fox Entertainment and Bento Box Entertainment have announced the launch of a $100 million creator fund for their non-fungible tokens (NFTs) project. The teams say the NFT fund comes under their newly created business unit dubbed Blockchain Creative Labs, according to reports on June 15, 2021.<\/strong><\/p>\n Earlier, in May 2021, Fox <\/span>announced<\/span> that it’s rolling out Krapopolis, a new animated series being created by Dan Harmon, a co-writer of <\/span>Rick and Morty, <\/span><\/i>an American adult animated science fiction sitcom.\u00a0<\/span><\/p>\n \u00a0At the time, Fox hinted that its NFT arm dubbed Blockchain Creative Labs was in the works and it would carry out the task of making Krapopolis the world\u2019s first animated series \u201ccurated entirely on the blockchain,\u201d adding that the new series will have a dedicated marketplace for its NFTs, GIFs and more.<\/span><\/p>\n Fast forward to June 15, 2021, Fox Entertainment and its animation studio, Bento Box Entertainment, have launched a $100 million creator fund through Blockchain Creative Labs, to make their NFTs ambition a reality.<\/span><\/p>\n Blockchain Creative Labs will operate under Fox Entertainment, and the firm has named Scott Greenberg, CEO & Co-Founder of Bento Box Entertainment as the chief executive officer of Blockchain Creative Labs and he will also be in charge of the content fund.<\/span><\/p>\n The team has hinted that Krapopolis is a satirical comedy depicting how things worked in early Greek civilizations in relation to today\u2019s pop culture, politics, and celebrity.<\/span><\/p>\n Shedding more light on the project, Charlie Collier, CEO of Fox Entertainment stated that the new blockchain marketplace will make it possible for the team to creatively reward artists and superfans of the series.<\/span><\/p>\n \u201cFor years, alongside some of the world’s best animation talent, Scott and Bento Box team have produced world-class original animated content. The coming of blockchain technology has given birth to a new marketplace that is a natural extension of Bento Box\u2019s talents – one that enables the team to support, elevate and reward innovators and artists in a new and creatively exciting way. Blockchain Creative Labs will help shape and grow the rapidly evolving world of creatively-led digital goods and tokens,\u201d said Collier.<\/strong><\/p>\n<\/blockquote>\n<\/span>Fox Competing for Top Spot in NFTs Ecosystem\u00a0<\/strong><\/span><\/h2>\n
<\/span>Bringing Blockchain Technology to the Arts\u00a0<\/strong><\/span><\/h2>\n
\n