Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Makers of “Silicon Valley” tap on NFTs for user-generated comedy

Published 06/20/2022, 06:41 PM
Updated 06/20/2022, 04:00 PM
Makers of “Silicon Valley” tap on NFTs for user-generated comedy

From digital artists to athletes, celebrities, and top brands, the NFT space has continued to attract more players. In particular, the emergence of Web3 and NFTs has infused a new lease of life into entertainment by giving creators an easier way to express their creative instincts.

As more celebrities throng the space, the brains behind the comic play "Silicon Valley" are joining the trend via the launch of an experimental project called "Terrible Pets."

Terrible Pets are Ethereum-based digital collectibles that "turn content itself into LEGO blocks." According to CEO Adam Altman and co-founder Fika Media, holders will have permission to build memeable content online with these LEGO blocks.

The Terrible Pets collection consists of eight anthropomorphic creatures which can be described as "human-like animals with relatable traumas, wrapped in absurdism." And unlike other animal-themed NFTs, it won't be an animal profile picture with randomized visual traits. Rather they are "one liner blocks of performance" that can be arranged randomly to create digital content just like LEGO blocks.

Holders of particular NFTs in the collection will enjoy different benefits within the app Fika is building on behalf of Terrible Pets.

Alec Berg is the executive producer and showrunner of Silicon Valley. He is also a co-founder of the show alongside producers Jonathan Dotan and Bubba Murarka.

Berg opined that the process of creating scripted media hasn't changed much over the years despite the evolution of television and film technology, stressing further that Web3 offers a new way to co-create and collaborate with a wider and more diverse range of audiences.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

With the technology, there's potential to actually re-architect the way stories are told and the way they're built. [...] I just think that's super exciting.

Meanwhile, Altman was inspired by the success of the audio chat app Clubhouse during the early days of the pandemic. He amassed a reasonable following on the app and sought to channel the same social energy and gather people from diverse backgrounds with creative content alongside Murarka and Berg.

The tech entrepreneur agrees with Berg on the idea that "the greatest creativity in the world is in the far corners of the internet." He added that "An 8year-old in Indonesia can blow my mind on a Saturday morning, when done right."

Fika intends to use technology in enhancing creative seeds via Terrible Pets with the help of well-funded professionals, thereby making a way for a community to share all kinds of content and improve on existing works.

Continue reading on BTC Peers

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.