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The Hello Pets team is creating an open entertainment ecosystem. This will allow the community to participate in the creation of shared intellectual properties (IP) through storytelling and art. Starting with their own cute and cuddly characters, Hello Pets also includes external NFT characters in their narrative. They encourage owners and communities to collaborate on content creation. The team takes this approach as a paradigm shift that will unleash the community’s full potential. The team’s vision is to become the next Disney of the Web3 era.
Traditionally in the entertainment industry, to obtain IP rights to a famous character, the process is both expensive and time-consuming. But in most cases in the NFT space, buying NFT is all that is required. Any derivative works or branding can then easily use the signs. Therefore, the Hello Pets team uses the new IP licensing method and creates the entertainment ecosystem of the future.
Hello Pets creates a web3 brand that appeals to a wide audience through the use of their core characters. Unlike traditional entertainment companies, they use the effective IP licensing of NFTs. This allows them to incorporate external NFT collections and invite holders to participate in content creation for the Hello Pets universe. The team plans to use technologies such as game engines, AI, Augmented Reality, Virtual Reality, 3D printing and more to create a variety of products. This will go beyond digital applications such as movies, games and music. Also included are physical applications such as toys, fashion products, home decor and more.
In addition, Hello Pets works to create a decentralized entertainment ecosystem where the community is involved in the creation process. The team envisions it as the next “Disney” and makes this a reality by building a world where the community creates the art and shares in the value generated. All participants in the ecosystem will benefit from this approach.
All investment/financial opinions expressed by NFTevening.com are not recommendations.
This article is educational material.
As always, do your own research before making any kind of investment.