News Report
April 02, 2022

From Traditional Art to Web3: Taiwan’s Puppeteers Aim to Modernize Art Through NFTs

A group of Taiwanese puppeteers began using NFTs to modernize their traditional performances and to engage with foreign and young audiences. Puppets are traditional in Tawain, and they are the fundamental entertainment source in Pili, one of the most popular and oldest and still running TV shows in Taiwan. 

Pili was released in 1985, and unlike traditional puppet shows, it uses computer-generated imagery (CGI) during action sequences. The show’s producers ‘Pili International Multimedia’ believe that incorporating NFTs into the show will bring an extra source of income. 

The company has thousands of puppets, most of them dressed as martial arts heroes. Four characters were recently converted into digital assets, and 30,000 were already sold as NFTs. 

“The sort of imagination everyone nowadays has for the online world is developing so fast that we are almost unable to grasp it. Instead of sitting on the sidelines, the best approach is to go ahead and understand fully what’s going on. This is the fastest way to catch up.” Seika Huang, Pili’s brand director, stated

Although the company never shared profit information, prices of the NFTs started at $40, resulting in at least $1.2 million worth of revenue since the listing in February.

VeVe, the tech-marketing company responsible for Pili’s NFT sales, said the hero puppets are more aligned with a younger crowd and could even draw foreign comics and superhero film fans. 

According to Huang, Pili aims to transform 50 more puppet characters into NFTs, possibly leading to another million-dollar revenue stream for the Taiwanese producer. 

Read related posts:

Disclaimer

All of the information on our website is provided in good faith and solely for educational reasons. Any action taken by the reader in response to material on our website is entirely at his own risk.

The Trust Project is a worldwide group of news organizations working to establish transparency standards.

Agne is a journalist who covers the latest trends and developments in the metaverse, AI, and Web3 industries for the Metaverse Post. Her passion for storytelling has led her to conduct numerous interviews with experts in these fields, always seeking to uncover exciting and engaging stories. Agne holds a Bachelor’s degree in Literary Studies from the University of Amsterdam and has an extensive background in writing about a wide range of topics including cybersecurity, travel, art, and culture. She has also volunteered as an editor for the animal rights organization, “Open Cages,” where she helped raise awareness about animal welfare issues. Currently, Agne splits her time between Barcelona, Spain, and Vilnius, Lithuania, where she continues to pursue her passion for journalism. Contact her on [email protected].

More articles
Agne Cimermanaite
Agne Cimermanaite

Agne is a journalist who covers the latest trends and developments in the metaverse, AI, and Web3 industries for the Metaverse Post. Her passion for storytelling has led her to conduct numerous interviews with experts in these fields, always seeking to uncover exciting and engaging stories. Agne holds a Bachelor’s degree in Literary Studies from the University of Amsterdam and has an extensive background in writing about a wide range of topics including cybersecurity, travel, art, and culture. She has also volunteered as an editor for the animal rights organization, “Open Cages,” where she helped raise awareness about animal welfare issues. Currently, Agne splits her time between Barcelona, Spain, and Vilnius, Lithuania, where she continues to pursue her passion for journalism. Contact her on [email protected].

Hot Stories
Join Our Newsletter.
Latest News

OpenAI Expands ChatGPT’s Capabilities with Web Browsing

by Agne Cimermanaite
September 27, 2023

CGV Research: Telegram Open Network’s (TON) Technological Advancements and Future Prospects

TL;DR TON’s Past In 2018, founders of Telegram — the Durov brothers, began exploring blockchain solutions suitable ...

Know More

20 Most Underrated AI Startups in 2023: Ranked by Funding

AI remains a constant focal point for investors and entrepreneurs alike. While the spotlight often falls on ...

Know More
Join Our Innovative Tech Community

Read More

Read more
Meta Introduces 28 AI Characters and AI Studio for Expanded Creativity
News Report Technology
Meta Introduces 28 AI Characters and AI Studio for Expanded Creativity
September 27, 2023
Meta Unveils Impressive AI Integration Across Services, from Generative Emu Model to Smart Glasses
Business News Report Technology
Meta Unveils Impressive AI Integration Across Services, from Generative Emu Model to Smart Glasses
September 27, 2023
OpenAI Expands ChatGPT’s Capabilities with Web Browsing
Business News Report
OpenAI Expands ChatGPT’s Capabilities with Web Browsing
September 27, 2023
Cloudflare to Deploy NVIDIA GPUs on Edge, Partners with Microsoft and Hugging Face
News Report Technology
Cloudflare to Deploy NVIDIA GPUs on Edge, Partners with Microsoft and Hugging Face
September 27, 2023
What You
Need to Know

Subscribe To Our Newsletter.
Daily search marketing tidbits for savvy pros.