Netflix has launched a tongue by asking its users what they think about NFTs. This has caused many CryptoTwitterers to anticipate that the streaming giant is investigating options for engageing in the NFT world.
Stoner Cats is an example of how Netflix and other streaming giants use NFTs. To watch the show, potential viewers need to buy Stoner Cat NFTs, which cost about 0.35 ETH per NFT. Such a model could remodel the registration model and turn NFTs into a profitable model for streaming giants like Netflix.
In addition, NFTs can be used as a marketing tool for popular TV shows and movies. This is in line with Netflix’s present routing. Specifically, since Netflix is now concentrating on making franchise, not unlike the Marvel movie world.
NFTs can also make communities of superfans, which affect the direction of special products. For instance, an NFT could serve as a token governance, which gives NFT holders the right to vote for a show or to have access to exclusive parts.
As stated by GFT co-founder Mitch Chait, “This is just the start or the courting stage of this new relationships. IP owners can presently target and engage their customers directly, via a completely direct value chain, resulting in greater productivity, enabling them to deliver more value with greater frequency and enjoyment to customers.
