Animoca Brands and its subsidiary TinyTap, the leading platform for user-generated educational games, just announced that the first batch of six TinyTap “Publisher NFTs” sold at auction for a total of 138.926 ETH (approximately $228,000 at the time of sale). Generating a total of 67.7 ETH (approximately $111,000 at the time of sale) for the six teachers who authored the content linked to the “Publisher NFTs”.
Each “Publisher NFT” represents co-publishing rights to one TinyTap Courses, which is a curated bundle of educational games made on TinyTap by one teacher in one specific subject. NFT buyers take on the role of co-publishers alongside TinyTap and the teacher who created the course, and in return for promoting and marketing the associated Courses, they share in the benefits generated from co-publishing efforts.
Each participating teacher receives 50% of the net proceeds from the auction of the NFTs of their Courses as they have in the past on the TinyTap platform, plus a 10% ongoing share of any revenue generated by such Courses as a result of the co-publishing efforts of the NFT owner, plus royalties generated by the secondary sales of the NFTs.
The successful auction marks another step toward the vision of Animoca Brands and TinyTap to build an alternative web3 education system that better values teachers by improving the earning opportunities available to them.
