Animoca Brands announced that it was partnering with the Planet Hollywood Group to form ‘MetaHollywood’, a non-fungible token (NFT) and metaverse joint venture.
Over 60,000 pieces of Planet Hollywood cinematic memorabilia, including photography and movie posters, will be tokenized and sold by MetaHollywood. There are also plans to create a marketplace where movie studios and producers can sell NFTs, such as behind-the-scenes footage, to fans.
MetaHollywood will also issue a native utility and governance token. Holders of the HWOOD token will be able to influence community development decisions. MetaHollywood's marketing fund will receive 12 perent of the token supply, while the fashion and content development fund will receive 10% for obtaining license rights. Only 0.5 percent of the token's supply will be available for purchase by the general public.
Animoca Brands is one of the most active blockchain gaming and metaverse investors.


Gold and Silver Prices Plunge as Trump Taps Kevin Warsh for Fed Chair
Apple Forecasts Strong Revenue Growth as iPhone Demand Surges in China and India
Why Trump’s new pick for Fed chair hit gold and silver markets – for good reasons
Climate Adaptation at Home: How Irrigreen Makes Conservation Effortless
Copper Prices Hit Record Highs as Metals Rally Gains Momentum on Geopolitical Tensions
Indonesia Stocks Face Fragile Sentiment After MSCI Warning and Market Rout
U.S.–Venezuela Relations Show Signs of Thaw as Top Envoy Visits Caracas
NVIDIA, Microsoft, and Amazon Eye Massive OpenAI Investment Amid $100B Funding Push
Elon Musk’s SpaceX Explores Merger Options With Tesla or xAI, Reports Say
Pentagon and Anthropic Clash Over AI Safeguards in National Security Use
Saks Global to End Saks on Amazon Partnership Amid Bankruptcy Restructuring
U.S. and El Salvador Sign Landmark Critical Minerals Agreement to Boost Investment and Trade
American Airlines Plans Return to Venezuela Flights After U.S. Lifts Ban 



