Reel Mood Announces Collaboration With VideoCoin To Create NFT Marketplace For Artists
Reel Mood’s mission of empowering artists and putting the control back into their hands has gained another step forward using their efforts to help solidify the best user experience possible for all on the platform.
Reel Mood is continuing to leverage blockchain technology to help create a cohesive and fair use platform by introducing the minting of non-fungible tokens (NFT), which are unique tokens that can’t be replaced. According to Forbes, “An NFT is a digital asset that represents real-world objects like art, music, in-game items and videos. They are bought and sold online, frequently with cryptocurrency, and they are generally encoded with the same underlying software as many cryptos.”
Reel Mood wants all of its users to own the content they create and monetize from it. One of the sure ways Reel Mood is progressing in this action is by creating an NFT marketplace on the platform which allows artists to mint their video creations and sell them directly to fans. To do this, Reel Mood has collaborated with a major leader in the NFT movement, VideoCoin, a powerful decentralized platform for video apps.
VideoCoin enables any brand or platform to implement NFT features, including minting and creating marketplaces. VideoCoin’s white-label, turnkey solution simplifies the process of creating a marketplace for minting resilient NFTs at a dramatically lower cost than current NFT solutions. Reel Mood will implement this to enable their users to mint their creative videos, gifs, album artwork, TikTok-like videos, and more, which will also include data rights for rights management, tracking ownership transfers as well as give long-term storage. Perfect for the creators that we work with as they can rest assured knowing that the NFT that they use with their audience is extremely reliable.
Stay tuned as we work closely with VideoCoin to continue to improve the NFT experience for all of our users as their Marketplace app moves into Beta in the coming months. As Reel Mood’s platform gets ready to launch this summer also, we will be laying the groundwork for our collaboration to grow even stronger for our users.
More of VideoCoin can be seen here — https://videocoin.network. Learn more about how VideoCoin uses NFT rights management technology to create resilience in NFTs.
Remember to whitelist for our public sale here — https://srgcf34hn3a.typeform.com/to/WMbZPWVN
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