In collaboration with Theta Network, American Idol is releasing the first-ever collection of predictive NFTs. Celebrating the 20th season of the iconic pop culture TV franchise, the companies are releasing limited edition contestant NFT trading cards.
Significantly, you will be able to swap and trade the cards on ThetaDrop, the Theta NFT marketplace.
Fans of the show can get their hands on one of these “American Idol NFT Card Pack” for $99. For this, you will receive a random contestant NFT card of one of the Top 14 contestants on the TV show. As the contestants progress through the competition, the rewards increase for those holding their NFT cards.
Megan Michaels Wolflick, American Idol Showrunner and Executive Producer said, “With interactive NFT trading cards celebrating our 20th season, fans will be able to immerse themselves even more into the Idol experience, as they collect their favourite contestants’ cards and follow their progress throughout the competition.”
How do the American Idol predictive NFTs work?
The NFTs will correspond directly with the television show. After receiving one of your top 14 contestants, you have the chance to earn huge rewards. As the competition edges towards its nail-biting conclusion, the prizes get better and better.
For five weeks, as artists leave, collectors who own the required cards will earn rewards. For example, during the first week of prizes, starting on 25th April, collectors with an NFT of the remaining contestants will earn an American Idol animated logo NFT.
In week two, this reward is 300 $TDROP, going straight to your account. Each week is different and offers different, exciting prizes.
Furthermore, a massive prize is up for grabs for the season finale. American Idol collectors with the NFT of the winner will win an exclusive Winner’s ‘Ticket to Hollywood’ NFT. Importantly, this is redeemable for a physical ticket to Hollywood. Recently, Theta also partnered up with the iconic ‘The Price is Right’ TV show for an NFT collection.