Crypto has the potential to disrupt multiple industries, and one of them is gaming. The field is just now beginning its foray into new forms of digital ownership and peer-to-peer trading. These changes are made possible with NFTs (Nonfungible Tokens), which could change how games work forever by giving players more agency over their assets during gameplay.

The “animoca brands” is a platform that allows users to create their own NFTs and sell them on the platform. The platform was created by Animoca Brands, in partnership with Planet Hollywood.

The NFT Platform From Animoca & Planet Hollywood

To develop ‘MetaHollywood,’ Animoca Brands has joined up with the star-studded hotel chain Planet Hollywood. A large collection of NFTs, as well as a larger community-driven metaverse platform, will be part of the joint venture.

Each asset in the MetaHollywood NFT collections will show a famous piece of memorabilia (such as a picture, movie poster, or iconic fashion item) from a Hollywood-produced blockbuster. The collection will include films from various periods, with NFTs based on roles performed by Arnold Schwarzenegger, Michael J. Fox, Jim Carrey, Scarlett Johansson, and others anticipated. 

MetaHollywood will also launch a movie-centric NFT marketplace, where studios and producers may sell NFTs such as behind-the-scenes video to fans, in addition to its NFT initiative. It will also introduce ‘HWOOD,’ a native utility and governance token that would give holders a say in community development choices. Only 0.5 percent of the token’s supply will be available for public purchase, with 12 percent going to the project’s marketing budget and 10% going to the fashion and content development fund to purchase licensing rights. 

Robert Earl, Planet Hollywood’s creator, said of the company’s historic (and first) foray into Web3: “I am excited to join with Animoca Brands as we launch Planet Hollywood into the metaverse.” The international attraction of cinema, combined with our unparalleled collection of famous artifacts, opens up a world of possibilities. We will provide unequaled usefulness and functionality in this expanding area with MetaHollywood, and I can’t wait to see what our users can do with the power of their creativity.” 

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The “NFT Platform From Animoca & Planet Hollywood” is a platform that allows users to create and trade their own NFTs. The platform also has an in-game token that can be used to purchase exclusive items from the online casino. Reference: animoca nft drop.

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