- TinyTap is set to conduct the second auction of its educational ‘Publisher NFTs’ starting Dec. 15.
- The innovative NFTs have already been making a massive difference for participating educators.
Blockchain gaming and open metaverse-focused venture capital company Aminoca Brands, along with its subsidiary TinyTap, the leading platform for user-generated educational games, have announced plans to auction a second set of ‘Publisher NFTs’ starting on Dec. 15.
The auction will be carried out on the leading non-fungible token marketplace Opensea, will feature six teacher-authored Publisher NFTs, and will run for 48 hours. Participation also requires a crypto wallet supported by OpenSea.
Publisher NFTs, as explained by TinyTap, are a curated bundle of educational games made on the code-free TinyTap platform by educators (“teachers”) in a specific subject. Buyers of Publisher NFTs become co-publishers with TinyTap and the teacher who created the course.
Participating teachers receive 50% of the net proceeds from the auction of the Publisher NFTs linked to their courses and a 10% ongoing share of any revenue generated by such courses. Co-authors, that is buyers of the NFTs, also get 80% of any revenue generated by their NFTs courses as a result of their promotional efforts.
TinyTap maintains that the newly introduced innovation has the potential to disrupt the educational sector by leveraging Web3 technologies and community to improve earning opportunities for educators, creating new earning and promotional options for co-publishers, and empowering the community to directly support the growth of learning.
In a statement, the CEO of TinyTap, Yogev Shelly said:
TinyTap’s Publisher NFTs greatly bolster our mission to build tools that empower communities to create, own, and share education that is meaningful to them. We are thrilled to welcome the Web3 community to our creator economy for educational games.
Shelly added that TinyTap is especially grateful to early supporters who recognized the new powerful utility for digital assets, creators, educators, and blockchain systems that Publisher NFTs are.
Publisher NFTs already making a difference for educators
In the short time that Publisher NFTs have existed, they have already shown potential in being able to better reward teachers for their efforts. The first TinyTap auction conducted in November, featuring Publisher NFTs created by six teachers, generated a total of 138.926 ETH ( approximately $228,000 at the time).
Of this amount, a total of 67.7 ETH (approximately $111,000 at the time of sale) went to the six teachers who authored the content linked to the Publisher NFTs according to an Aminoca Brands press release.
Gabi Klaf, an Israel-based teacher whose creation ‘Learn English with Gabi’ sold for the highest amount, earned 22.9 ETH (approximately US$37,600 at the time of sale) — a figure which is 13 times the average monthly elementary teacher’s salary in Israel.
