recur nfts series 333m digital

Pac-12 Networks incorporates one national and six regional television networks, plus extensive digital content accessible through social media, university websites, the Pac-12 Now app and newly-launched streaming service, Pac-12 Insider. Each year, Pac-12 Networks offers live coverage of 850 sporting events, making it one of the top live sports producers in the country. In addition, Pac-12 Networks creates extensive original programming, provides visibility for marquee football and basketball events as well as traditionally under-served women’s and Olympic sports. Pac-12 Networks also provides training and paid internships for thousands of students of the Pac-12’s member universities, preparing them for careers in media.


It all comes down to money, and this platform could empower artists if they know how to use it.

Veritone has also partnered with Pac-12 Networks, a collegiate athletic conference in the U.S western states, and becomes its exclusive licensing partner. Under the partnership, all Pac-12 NFTs created through Recur will be licensed by Veritone.

It breaks down like this, artists create everything, but making money on the creations is pretty rough.
The recording industry has made a lot of money by creating marketing machines, but this engenders a creative culture where money matters more than development.

NFTs turn the clock back to a time when people could own their music, but they also empower artists.

Paramount.xyz allows fans to build a community, engage with peers, and unlock new, innovative and interactive experiences with properties and brands they love.

“Fans should be able to engage with our content wherever they are, including the metaverse,” said Pam Kaufman, President, Consumer Products and Experiences, Paramount. “Paramount.xyz will offer one seamless digital collectible experience for fans across our key franchises, starting with Star Trek™, an iconic franchise that is forward-thinking, innovative and multi-generational. We are thrilled to have a space that is accessible to everyone and allows another expression of fandom.”

The Star Trek collectibles will be housed in “Star Trek Continuum,” an experiential hub that will be the space for this first and future seasons of Star Trek™ NFTs.

That could also appeal to a company looking to reach a wider audience outside of tech early adopters.

The new platform — essentially a white-labeled marketplace Recur will provide — launches in the spring of 2022, says ViacomCBS.

ViacomCBS is not the first media company to embrace NFTs. In addition to adoption by top media figures themselves, brands including CNN, The New Yorker, Time, Playboy, Lionsgate, Media Central, Gannett, Fox and others have also begun their own investigations and experiments into the medium.

“Fueled by beloved characters and iconic properties with multi-generational appeal, we are thrilled to accelerate our consumer products presence even further into the growing metaverse,” said Pam Kaufman, ViacomCBS president of Consumer Products, in a statement.

Zach Bruch and Trevor George.

RECUR is currently scaling out the company’s go-to-market team with over 150+ open roles, including key investments in recruiting, marketing, customer success, design and engineering. Additionally, the newly secured funding will help bring brand experiences to market over the next year.

In addition to DIGITAL, previous RECUR investors include: Defi Alliance, Courtside VC, Volt Capital, Joe Lubin, Gemini/the Winklevoss Twins, Gary Vaynerchuk, Scott Belsky, Hashed, Nascent, Delphi Ventures, JST Capital, Divergence, 640 Oxford, IOSG, CMT Digital, David Choi, Jason Derulo, Scott Lewis and Chris Hermida.

On the heels of the Series A raise, RECUR is also announcing its partnership with leading artificial intelligence technology company, Veritone, Inc, as well as CLC, the nation’s leading collegiate trademark licensing company.

For brand partners and IP holders, that means once the NFT left their own, originating platform to be resold elsewhere, the original rights holder would be able to continue to receive recurring royalties from the sales and resales indefinitely.

That could certainly look appealing to a media company with a deep catalog of IP that could be turned into digital collectibles. Think: Spongebob Squarepants, South Park or Star Trek collectibles, for instance.
(

To be clear, ViacomCBS has not announced the specific shows it will include in its initial distributions. And there could be more complicated rights discussions to still be ironed out with creators, actors and others tied to its IP before those determinations can be made.)

In addition, Recur’s chain-agnostic approach will allow NFT purchases to be made using U.S.

credit and debit cards, instead of just cryptocurrencies.

NFTU will be the sole marketplace for these covetable assets, making it an instant staple in the NFT sports world.

“Consistent with the innovative spirit that drives Pac-12 Networks and the Pac-12 Conference, we are thrilled to be leading the way in collegiate sport content licensing for NFTs,” said Pac-12 Networks Senior Manager for Distribution and Licensing Kenden Blake. “This new partnership between Pac-12 Networks, Veritone and RECUR will unlock new ways to deliver the college sports content fans love, now through NFTs.”

“Veritone is at the forefront of advancing technology, and the opportunities we see through NFTs for athletes are endless,” said Michael Arthur, SVP, Veritone Licensing.

NFTs), today announced its Series A raise of $50M at a $333M post-money valuation, making it the largest Series A in the NFT space. DIGITAL, a metaverse investment platform led by Web3 gurus Mark Daniel and Benjamin Milstein, with financial backing from Steve Cohen’s family office, was the lead investor in the financing.

Mr. Cohen will also serve on RECUR’s board as DIGITAL’s initial designated director.

Founded by two leaders in cryptocurrency trading (Zach Bruch) and licensing (Trevor George), RECUR is creating new universes for fans and communities to engage, play and collect NFTs while setting the standard for a decentralized recurring royalty.

“At RECUR, we are building a future where NFTs can be taken anywhere as tokens of personal expression, community membership, and fandom, among so many other use cases.

The company’s AI developer tools enable its customers and partners to easily develop and deploy custom applications that leverage the power of AI to dramatically improve operational efficiency and unlock untapped opportunities. Veritone is headquartered in Costa Mesa, California, and has offices in Denver, London, New York and San Diego.
To learn more, visit Veritone.com.

About CLC

CLC is the nation’s leading collegiate trademark licensing company with a mission to elevate college brands through insight and innovation. The company is uniquely positioned to deliver consumer connections and brand visibility for institutions through data-based, customized solutions that include impactful licensed merchandise strategies and innovative marketing platforms to navigate the ever-evolving consumer and retail marketplace.

Media company ViacomCBS is getting into NFTs. Amid growing hype around the potential market for NFTs, aka non-fungible tokens — digital assets linked to ownership that’s stored on a blockchain, often used for buying and selling digital art and collectibles — ViacomCBS says it’s partnering with the NFT company Recur to bring its iconic IP and franchises to the world of digital collectibles, starting next year. This includes products and collectibles from shows and films across top ViacomCBS brands like CBS, MTV, Showtime, Paramount Pictures, BET, Nickelodeon and Comedy Central.

The company isn’t offering many details about the upcoming project just yet, beyond simply saying that it will involve creating a place where its fans can buy, collect and trade NFTs across its portfolio.

As the exclusive content licensing partner for the Pac-12 Networks, Veritone will license RECUR approved Pac-12 moments across all sports available for NFT creation.

RECUR and Veritone will coordinate with student-athletes to obtain authorization to use their video highlights, in accordance with the Pac-12 Networks NIL Licensing Program. RECUR is combining these video rights in a separate partnership with CLC to bring certain collegiate marks and mascots to its singular official collegiate experience, NFTU.com.

NFTU is a new marketplace that for the first time will allow sports fans to own the latest and greatest highlights from college sports, starting with the Pac-12.

As the exclusive content licensing partner for the Pac-12 Networks, Veritone will license RECUR approved Pac-12 moments across all sports available for NFT creation. RECUR and Veritone will coordinate with student-athletes to obtain authorization to use their video highlights, in accordance with the Pac-12 Networks NIL Licensing Program.
RECUR is combining these video rights in a separate partnership with CLC to bring certain collegiate marks and mascots to its singular official collegiate experience, NFTU.com.

NFTU is a new marketplace that for the first time will allow sports fans to own the latest and greatest highlights from college sports, starting with the Pac-12.

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