Fans of the TV show “American Idol” could soon buy and trade NFTs of their favorite contestants. Executives at “American Idol” said they are partnering with Theta Network to bring official NFTs to the Theta Drop NFT market.
Early reports say these NFTs will feature images of the singers making the Top 14 of Season 20. After purchasing an “American Idol” NFT pack, customers can open it to see which participant is on their virtual collectible.
Theta Drop says customers will be able to purchase “American Idol” NFTs starting April 22. Each “American Idol” NFT pack contains one NFT, which costs $99 each.
In addition to owning a piece of “American Idol” history, NFT collectors will have the chance to win bonus benefits every week from April 25 through the end of Season 20. If an NFT holder’s lead singer does well, Theta will reward them with virtual or IRL prizes.
For example, if NFT holders have one of the singers who makes the Top 10, they get a free 20th Anniversary “American Idol” NFT. People who have the NFT with the winning “American Idol” participant on it will receive a physical “Golden Ticket” souvenir.
There are also prizes for those who have NFTs of participants in the Top 7, Top 5 and Top 3. However, you must have two NFTs in the Top 7 and Top 3, and three NFTs in the Top 5 to be eligible for prizes.
The rewards for these categories are as follows:
- Top 7: 300 TDROP Tokens
- Top 5: Rare “American Idol” NFT
- Top 3: Access Theta Drop’s VIP Bronze Benefits
Anyone interested in making an “American Idol” NFT can sign up for email updates on Theta Drop’s website.
“American Idol” Isn’t Theta’s First A-List Partnership
With an average of between 5 and 6 million viewers per episode, “American Idol” will give Theta more mainstream exposure. However, Theta Drop has forged many notable NFT partnerships in recent months.
For starters, Theta Drop continues to work with pop singer Katy Perry. Interestingly, Katy Perry is one of the three judges on season 20 of “American Idol.”
As Rarity Sniper reported, Katy Perry’s previous “Witness Tour” and “Roar Package” NFTs have been some of Theta’s most successful NFT projects. Like the “American Idol” NFTs, many of Perry’s virtual collectibles grant unique benefits, including access to exclusive merchandise. Katy Perry even sent authentic props from her live concerts to fans buying ultra-rare one-of-one NFTs.
Outside of the “American Idol” universe, Theta made headlines after winning the rights to produce 50th anniversary NFTs for the game show “The Price is Right.” Some other prominent Theta Drop partners include singer Dionne Warwick, the Pittsburgh Knights esports team, and the online gaming site PartyPoker.