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 CLCCLC 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.
With headquarters in San Francisco’s SOMA District, Pac-12 Networks draws on the creative, entrepreneurial and technological culture of the Bay Area and nearby Silicon Valley. For more information, please visit Pac-12.com.
About VeritoneVeritone is a leading provider of artificial intelligence (AI) technology and solutions. The company’s proprietary operating system, aiWARE™, powers a diverse set of AI applications and intelligent process automation solutions that are transforming both commercial and government organizations.
aiWARE orchestrates an expanding ecosystem of machine learning models to transform audio, video and other data sources into actionable intelligence.
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.
Our take: We think it’s a smart move to use the distribution power of Autograph and DraftKings as well as the decision to go with the entire cover archive, which ensures fans, collectors and investors that this is a one-of-a-kind collection including some truly historic covers. We expect this one to run well.
Speaking of successful drops: The first official NFT for the 2022 Asian Games were issued in China via the Alipay platform. The 20,000 NFTs featuring the event’s 3D digital torch were priced at 39 yuan($6.05) each and sold out within seconds.
This is a significant move for China who has been very restrictive when it comes to cryptocurrency trading, an area that is highly regulated in the country. It signals that NFTs are seen separately from pure crypto trading, indicating that a massive market is about to open up.
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.
Their not so successful endeavour with the MLB was done via partner WAX and all the other big leagues and organisations tend to go for collaborations with specialised tech partners.
Here’s your weekly review on what happened at the intersection of NFTs and Sports:
- 🏍️ MotoGP launches Hot Shots, UEFA partners with Topps
- 🏀 SLAM sells on Autograph, first NFT for the 2022 Asian Games
- 🏉 Rugby League World Cup NFTs, big investment for new RECUR platform
Let’s have a closer look! 👀
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🏍️ MotoGP launches Hot Shots, UEFA partners with Topps
After already having launched their first digital collectibles series earlier this year, MotoGP is now expanding from “static items” to video highlights, which they call Hot Shots (sounds a liiiiittle bit like NBA Top Shot, doesn’t it?).
To learn more about NFTU, please visit NFTU.com.
About RECURFounded by crypto industry expert Zach Bruch and digital licensing industry pioneer Trevor George, RECUR is a technology company that designs & develops on-chain branded experiences that allow fans to buy, collect, and re-sell digital products and collectibles (NFTs). RECUR will be chain agnostic and is fundamentally changing the NFT market by creating and setting the standard for a decentralized recurring royalty, creating the widest distribution and reach for NFTs minted on their platform.
About Pac-12 NetworksAs the content arm of the Pac-12 Conference, Pac-12 Networks is the first and only sports media company wholly owned by its 12 universities.
Hot Shots are “unique collectible video NFTs distilled from the highlight reels of the best MotoGP racing moments”. Naming aside, this seems to be a really good move, as they now cover both player card style NFTs as well as highlight clips. The sale will “start on 28 September 2021, and it will be broken into 3 segments; each segment will be held at a different time range and will have 2,000 packs on sale”.
The next news was a bit of a surprise for us: UEFA and Topps not only extend their partnership for physical collectibles, but they also extend it to the field of NFTs.
This covers UEFA Champions League & Europa League, UEFA Women’s Champions League, as well as this year’s inaugural UEFA Conference League. No further details were revealed.
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.