Gen2 Technologies, Inc. (OTC Pink: MNIZ) is one company that is working on developing assets and an ecosystem for the next phase in the digital age. The company is leveraging its portfolio of intellectual property, which covers blockchain, camera & radio distribution. The first planned deployment of its IP is through the Iris Media Network.
The Iris Media Network will combine two major passions in the world today: professional sports and social media. Using their unique, body-worn Iris camera, Gen2 Technologies aims to disrupt the sports content market. The Iris cameras will be worn by athletes participating, which will provide consumers never-before-seen angles of their favorite sports. Through the leveraging of social media and blockchain technologies, Gen2 has an opportunity to drive the next generation of sports entertainment.
Iris Media Network: Gen2 Announces Major Pilot Program, Enlists Colin Garrett Racing for Rollout Participation
Gen2 management has been working very diligently on the development of the Iris Media Network ecosystem. In March 2021, Gen2 announced the signing of a memorandum of understanding with Snipitz, an advanced social media platform. Under the agreement, Gen2 will utilize Snipitz’s impressive user interface (UI) as the front-end basis to the Iris Media Network. This will allow Iris to be very unique and interactive for users.
While working on the UI and technological development of the Iris Media Network, Gen2 has been laying the foundation by recruiting a major university for a pilot program and signing on Colin Garrett Racing as a rollout participant.
In April 2021, Gen2 Technologies disclosed that a “marquee U.S. university will extensively test our Iris camera technology across a number of its men’s and women’s sports program,” according to a release from the company. Management envisions the use of hundreds of Iris cameras as part of the pilot program’s field testing. While the identity of the university remains unknown at this time, it represents a very important step in Gen2’s launch of Iris.
Gen2 Announces Sports NFT Collaboration For Iris Media Network
Outside of the exciting development of the Iris Media Network, Gen2 is working to use the platform to develop sports NFTs, which have seen a surge in popularity over recent months thanks in part to NBA Top Shot NFTs.
In mid-May 2021, Gen2 announced a strategic collaboration deal with Colosseum Cards, a developer of collectible sports NFTs. Under the agreement, the collaboration will focus on developing sports NFTs from the Iris Media Network. Gen2 will provide sports video content from the Iris network, which will be created and monetized into collectible NFTs. This truly is what makes Gen2 & Colosseum Cards’ collaboration so unique and viable in the burgeoning NFT industry. Developing NFTs from Gen2’s live-action Iris camera provide an edge over existing NFT developers.
Colosseum Cards is preparing for a its imminent launch, which will feature NFT card drops coming soon. The sports NFT company is completely separate from Gen2 Technologies, but the synergies between the two companies are extremely appealing. Stay tuned for an announcement of Colosseum Cards’ official launch and first NFT pack drop.
Unique Features of Colosseum Cards That Will Help Drive Adoption and Interest
Differentiation and ability to stand out of the pack is key in all industries, but for an emerging, red-hot industry like NFT collectibles, it is absolutely key. Outside of the unique development plans of the sports NFT collaboration with Colosseum Cards, the platform has some other unique features that will likely help drive interest from consumers.
- First-line owners of initial drop Colosseum Cards NFTs will be considered “founders.” This means that the first owner will have a right to a 2% passive income stream for the life that card. Essentially, every time the card is traded or sold in the future, that original “founder” receives 2% of the trade/sale value of the card. The “founder’s” status is built into the NFT’s smart contracts and thus live forever.
- Colosseum Cards’ platform allows European football fans to monetize their knowledge and love for the game. By collecting “youngster cards,” users can collect NFTs of potential future stars and watch their values increase as the athlete performs in real life matches. The cards will pay out Colosseum Cards token, as the player continues to perform in real life.
- Fantasy league development: Colosseum Cards is currently in the pre-development phase of launching a fantasy league tied to its European football NFTs. Similar to traditional fantasy sports leagues, users will be able to draft and build their own unique team of players. Rather than just selecting players in a traditional league, Colosseum Cards’ fantasy league is built by NFTs of players. Users will be able to compete against other CC fantasy league players. The fantasy league match winners will earn Colosseum Cards token for each game-week based on how well your NFT players performed in real life.
- The NFT platform is also building out a very community-centric ecosystem. Colosseum Cards has an official Discord server, which already has around 500 users on the dedicated server. This further brings the CC community together and gives users more opportunity to monetize their knowledge, build their NFT collection, buy and sell cards, participate in fantasy league, earn passive income and more.
Overall, Gen2 Technologies has a very exciting vision for its Iris Media Network, which could completely disrupt the way the world watches and experiences sporting events. Creating an interactive platform that can be monetized through multiple channels helps drive growth expectations. Management has done a great job at recruiting sports entities to assist with the testing and rollout of the Iris platform. Gen2 Technologies is one company you will want to keep an eye on as further developments are made public on its Iris platform.
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