Time Studio, a production company affiliated with Time Magazine, plans to produce films based on the Robotos NFT

Time Studio, a production company affiliated with Time Magazine, has announced that it will release films based on the existing NFT series to expand its presence in the NFT arena. The first is the Robotos NFT series created by digital artist Pablo Stanley.

Similar to the Cryptopunks and Bored Ape Yacht Club series, Robotos has 10,000 NFTs of different robots with over 170 different modes. Depending on the rare earth, the commercial price of NFTs ranges from high to ultra low.

While somewhat similar to other campaigns, Robotos has a lower market value, averaging $ 2,264. Outside of the cryptocurrency world, the price is already very high. However, the Boring Ape Yacht Club average sold for over $ 60,000, while the Cryptopunk average sold for $ 232,917.

Robots may seem like a concept kids will love, but product development based on digital tools always affects investment risk. People don't want their kids to spend a lot of money on expensive DTVs. So while NFT platforms like OpenSea were designed to restrict access to users over 18, there are still ethical issues with video releases.

On the other hand, the series can be expected to use Robotos (IP) technology to build its story and additional features, as NFTs want to attract a larger audience. NFT has undoubtedly promoted key concepts of innovation and creation.

Keith A. Grossman, President of Time Magazine, said: “A significant number of excellent IPs have been developed in the NFT. With continuous ecosystem improvement and adoption, we are focusing on the role Time Magazine can play. We provide platforms and shows, including movies and shows. "

The boring Ape Yacht Club series will also go a long way, as NFT owners will sign up with lyrics from Universal Music and Timbaland. Unlike the robot industry, the use of IP in these partnerships is up to the actual owner of Ape NFT, not the developer. This has opened the door to hundreds of stores that can display their wares. However, if the owners wish to sell under NFT, problems may arise.

Cryptopunk's Larva Labs and intelligence agency UTA have signed a similar deal with Robotos to take over NFT's intellectual property.

Time magazine first entered the NFT field in March of this year and auctioned off the cover of our blockchain-based magazine. Recently it was sponsored by Galaxy Digital and advertised some site related content.