Idol Philippines officially launched its NFT collection.
IDOL PHILIPPINES — To mark the show’s second season, the Philippines’ hit singing competition officially launched its own NFT collection.
Fans of the show can own their unique Idol Philippines experience with the NFT collections, which is already available on ThetaDrop.
ABS-CBN News reported that ThetaDrop is an NFT marketplace by Theta Network. Theta Labs, the organization behind Theta Network, had a similar partnership with “American Idol” through show producer Fremantle earlier this year.
The first NFT drop consists of commemorative digital collectibles of the “Idol Philippines” Season 2 logo at PHP 50 each, 5,000 Season 2 stage for free, and 400 “Golden Ticket” animated cards at PHP 999 each that can be used as passes for the live shows throughout August and September.
Based on the report, the second NFT drop will start on August 18 and will include 2,400 units of the “Finalist Pack” featuring the “Idol Philippines” contestants at PHP 899 each. The digital cards will be split into Gold, Silver, and Bronze rarity tiers.
Aside from this, 100 “Platinum Ticket” NFTs will also be launched on August 18 at PHP 1,999 each.
Those animated NFTs can be used as passes to the show’s finals on September 17 and 18, and will give collectors the chance to meet the show’s grand winner.
According to ABS-CBN Corporation head of digital Eugenio Lopez IV, the partnership with Theta Labs will allow audience to experience the show in a “new, fun, and exciting manner” as they work towards innovating the way viewers connect with the show.
Theta Labs CEO and co-founder Mitch Liu said that the partnership with the show is the “latest step in onboarding leading entertainment brands into the world of Web3”.
You can view the NFT collection here.