Sony and Theta Labs’ Tiki Guy NFTs have sold out in under 30 seconds last Friday. This strong result proves that even in difficult times, utility-oriented projects can still succeed, despite the bear markets.
About the Tiki Guy 3D NFT Drop
Sony and Theta Labs managed to sell 500 limited edition Tiki Guy NFTs, as well as 10 NFTs that could be redeemed for Sony’s SRD. To promote this NFT, the blockchain-powered video streaming company included a 3D viewing feature on ThetaDrop. Potential buyers could then see how the NFT would look on Sony’s Spatial Reality Display.
According to Mitch Liu, CEO and co-founder of Theta Labs: “The unprecedented success of Sony’s 3D NFTs paves the way to an exciting Web3 and Metaverse future powered by Theta’s Metachain.”
Liu continued: “Innovation in digital collectibles and utility NFTs secured by digital rights management are key to unlocking tremendous value. Spatial Reality Displays from Sony are becoming more three-dimensional and holographic. We’re looking forward to bringing greater brand content to the market.”
A successful chapter for Theta Labs
The Sony and Theta Labs collaboration ushers in an exciting quarter for the latter. The blockchain-powered video streaming company will soon launch their Mainnet 4.0 (also known as Metachain) later in the year. This chain will serve the media companies and metaverses who want to shift to a decentralized model.
Additionally, a few days ago, Theta Labs also announced a partnership with Resorts World Las Vegas (RWLV). The collaboration will include the first ever composite NFTs.
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