- Disney’s Baobab Studios, known for their VR experiences, is expanding into the world of Web3 with their new NFT project, “Momoguro”.
- Each NFT in the accompanying Ethereum NFT collection will represent a unique character or object from the world of “Momoguro” and can be used in different ways within the experience.
- The move is part of a wider trend in Hollywood, where studios and creators are exploring the potential of NFTs and blockchain technology.
Baobab Studios, the award-winning virtual reality (VR) content creator, is expanding into the world of Web3 with a new NFT project called “Momoguro.” This project marks the studio’s first foray into the world of non-fungible tokens, accompanied by an Ethereum NFT collection. Baobab Studios has been a pioneer in immersive storytelling since its establishment in 2015 by Eric Darnell, the creator of the Madagascar franchise.
With “Momoguro,” Baobab Studios is taking a significant step into the world of Web3, where they hope to reach new audiences and explore new creative possibilities. The project is a whimsical adventure that will take viewers through a magical world of colorful characters and surprises.
The accompanying Ethereum NFT collection will make each NFT unique, representing a different character or object from the world of “Momoguro.” The NFTs will be available for purchase on various NFT marketplaces, and owners can use them in different ways within the “Momoguro” experience.
The Innovative World of Baobab Studios
Baobab Studios has won nine Emmy Awards for various short films and VR experiences and is backed by Disney. Launching an NFT collection based on Ethereum is part of a broader trend in Hollywood, where studios and creators are exploring the potential of NFTs and blockchain technology. The ability to create unique, verifiable digital assets opens up new revenue streams and creative possibilities for filmmakers and artists.
According to a recent official statement by Baobab Studios, the minting of genesis NFTs for “Momoguro” began March 2nd and sold out in a few hours. The NFTs were priced at 0.22 ETH per piece, and at their core, they are “Holoselves” that players can adopt and later enjoy in the Uno Plane universe.
The Momoguro RPG game will launch in the second quarter of this year based on ImmutableX and will include NFTs as a core game feature. The game will allow players to go on quests across its Metaverse, dubbed “Uno Plane,” to fuse Momos.
Maureen Fan, co-founder and CEO of Baobab Studios, commented on the decision to explore various possibilities on Web3, stating, “We believe stories transcend mediums.” Thus, the studio’s “mission is to inspire you to dream and bring out your sense of wonder. Make YOU matter. This begins by creating great characters and stories, like Momoguro, where you can be part of the story.” The fan added, “We aspire to bring the Momoguro IP to as many channels, streaming platforms, and widespread media as possible.”
Baobab Studios’ expansion into the world of NFTs is an exciting development for the entertainment industry. The use of NFTs creates a new revenue stream for filmmakers and artists and allows them to engage with their audiences in new ways. NFTs provides a unique opportunity for fans to own a piece of their favorite content, which can be a significant factor in creating a deeper connection between the audience and the content.