With the acquisition, ROW8 will be able to include NFTs in its streaming service, making it the first platform to provide movies alongside NFTs from Hollywood studios and Web3 creatives.
As such, ROW8 will reach new users by adding Rad’s NFTs, which will run on BSV, a blockchain that offers very low transaction fees and a high scaling capacity.
Aside from working together, the companies will also collaborate with other major studios and leading NFT projects to identify additional Web3-related integrations, including both metaverse and NFTs, to boost the streaming experience.
Rad was the first streaming service to provide an NFT subscription model, as well as a platform where creators can gain visibility by sharing their video content and mint NFT videos. The platform subscription is available by credit card payment or the Stream Pass NFT, which will be released later this month.
Rad has already collaborated on NFT-related projects with DKNY, Hacksmith, and Cinedigm. It has also partnered with ConsenSys to create Ara, a cross-blockchain platform powered by the ARA token, which would power ROW8’s NFT platform.
Rad has several well-known media investors, including Disney, Sony Innovation Fund, A+E Networks, Warner Music Group, and others.
Rad, on the other side, would benefit from ROW8’s reputation, vast library, and funding to develop its capabilities and collaborate to build a new, revolutionary streaming platform.