However, the thing to notice here is that it isn’t just a web series. It is a first-of-its-kind NFT web series. Each episode would have some scenes which will be made NFTs, which can be bought and sold. There will be two kinds of tokens:
There will be only three ownership tokens released which divides the shares of the series into three parts of 33.3 %, 33.3%, and 33.4%. The first part is reserved for Emmanuel Quezada, the producer of Polyglot. The second part will be an ITO (Initial Token Offering), earnings from the auction will be used to finance the series. A third part can be bought by any common person, whoever buys it would be the holder of 33.4% shares of the venture. That means each time company makes a profit, they would receive a royalty. These tokens are artistically unique collectible ownership certificates. They hold zero administration, governance rights, or intellectual property, but are tied to revenues from the series.
Content tokens will be snippets of important scenes that have some sort of attachment with the audience e.g. a romance scene. The people who buy these tokens will have a say in the progression of the story. If, for example, a person buys all the tokens available and burns some of them, then they will be burned forever making the rest of them even rarer and thus would cause soaring prices due to bidding wars.