Nfts
Bitwise Launches Ethereum Ad Campaign With First National Mintable NFT TV Spot
Fresno-based digital asset manager Bitwise has launched its first Ether ETF spot ad and allowed non-fungible token (NFT) enthusiasts to create it on Ethereum.
Bitwise will channel a portion of the profits from creating the 39-second video ad into Protocol Guild, a funding mechanism designed by Ethereum’s top contributors.
This move presents a unique opportunity to own a piece of history of cryptocurrencies via an NFT. Additionally, the availability of advertising as NFTs highlights Bitwise’s innovative approach to digital asset marketing.
The Bitwise Ethereum advertising campaign: revolutionizing NFTs with a Mintable NFT TV spot
Bitwise, a digital asset manager, is opening a new frontier in non-fungible tokens (NFTs) with the launch of its Ethereum ad campaign.
Bitwise allows NFT collectors to create its 39-second spot Ether exchange-traded fund (ETF) ad as unique digital art on the Ethereum blockchain. This is the first spot ad for an ETF to be created as an NFT.
“Capture a Piece of Crypto History: First National TV Spot Created as an NFT,” Says Bitwise in an article X from June 20.
Bitwise is inspired by a well-known Apple ad comparing Mac computers to PCs from the early 2000s. In this case, Ethereum is presented as an active alternative operating 24/7, even after hours. trading in the traditional financial market.
Bitwise’s Ethereum NFT ad was created over 1,400 times
Bitwise refers to its 39-second ad as an important piece of cryptocurrency history. This advertisement attracted considerable attention. According to Zora Networkan Ethereum layer 2 company, 882 people created 1,678 NFTs.
Bitwise has designated Protocol Guild on its publication X to receive 50% of the profits from the NFT. Meanwhile, the remaining 50% will be shared between Jamie Kaler and Michael Tacconi, the two actors. This fair distribution ensures fair remuneration for everyone involved in advertising.
So far, actors Jamie Kaler and Michael Tacconi have won 0.74 Ether, worth approximately $2,590.
Bitwise’s strategic moves: Spot Ether ETF approved and potential $100 million investment
Bitwise’s move follows the US SEC’s recent approval of its 19b-4 application, along with those of seven other companies, to list spot Ether ETFs. Additionally, Bitwise amended its S-1 registration statement on June 18.
The latest amendment includes a potential investment of up to 100 million dollars in the Bitwise Ethereum ETF when it becomes available for trading. For context, an S-1 registration statement is a crucial filing required by the SEC before publicly trading Ether products.
According to Bloomberg ETF analyst James Seyffart, the Ether spot ETF could debut soon. “It could take weeks, if not months, before we see S-1 approval and therefore a live Eth ETF,” Seyffart said in X Post.
Interestingly, another Bloomberg analyst recently said the launch of Ether ETF will likely take place on July 2. This could be a game changer in the entire crypto space. Be aware, however, that there are no guarantees in space.
Disclaimer: The opinions expressed in this article do not constitute financial advice. We encourage readers to conduct their own research and determine their own risk tolerance before making financial decisions. Cryptocurrency is a very volatile and high-risk asset class.
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