Dolphin Entertainment’s Flagship NFT Collection, Creature Chronicles, Sells Out in 90 Minutes

Rhea-AI Summary

Dolphin Entertainment (NASDAQ:DLPN) announced the successful sale of its NFT collection, Creature Chronicles, which sold out in just 90 minutes on October 2, 2022. This initial mint generated over 13,175 SOL, approximately $435,000. Currently, the NFTs rank among the top three projects on Magic Eden, with secondary sales exceeding 11,000 SOL, translating to about $357,500. The company plans to expand the Creature Chronicles universe through comics, animated series, and more, reinforcing its goal of establishing a multi-collection NFT studio.

Positive

• NFT collection sold out in 90 minutes, generating over 13,175 SOL (~$435,000).
• Secondary market sales surpassed 11,000 SOL (~$357,500) in under 24 hours.
• Plans for future character NFT collections and various media expansions (comic books, animated series).
• Collaboration with Marvel's Anthony Francisco enhances project credibility.

Negative

• None.

7,777 UNIQUE AVATARS DESIGNED BY FORMER MARVEL STUDIOS' ARTIST ANTHONY FRANCISCO WERE SOLD ON THE SOLANA BLOCKCHAIN

PRIMARY SALES GENERATED MORE THAN 13,175 SOL, AT MINT TIME EQUALING ~$435,000

MIAMI, FL / ACCESSWIRE / October 3, 2022 / Dolphin Entertainment (NASDAQ:DLPN) is pleased to report that its flagship NFT (non-fungible token) collection, Creature Chronicles, an intergalactic, immersive storytelling experience from former Marvel Studios' artist Anthony Francisco, sold out in about 90 minutes on the afternoon of Sunday October 2, 2022. The first Creature Chronicles collection, developed and marketed by Dolphin's Web3 division We Come In Peace, was minted on the Solana blockchain and features 7,777 custom-crafted avatars designed by Francisco, generating more than 13,175 SOL in primary sales (at mint time equaling ~$435,000).

Creature Chronicles NFTs are now currently trading in the top 3 of all projects on the leading Solana NFT marketplace, Magic Eden. Trading in the secondary market has already surpassed 11,000 SOL in sales (at release time equaling ~$357,500) in less than 24 hours, with Dolphin also earning royalty revenue on every secondary sale.

Additional character NFT collections from the Creature Chronicles multiverse will go on sale in the coming months and will be brought to life both inside and outside Web3 through Dolphin's in-house production arms and its best in class marketing and PR firms. Dolphin's team of project managers, marketers and writers, alongside Anthony Francisco, are developing major plot lines, character designs and concepts that will expand the Creature Chronicles saga for multiple future collections.

In addition, Dolphin is already working to build out the Creature Chronicles story in the form of physical and digital comic books, animated series, merchandise, and more in order to bring new value to our community of holders, who will also enjoy a continuous series of perks and benefits from Dolphin's access into music, film, tv, culinary, arts, theater and more.

"We started developing this project over a year ago and as a result of the stunning visuals from Anthony, the commitment of our team and the dedication of our community, we now believe that the success of yesterday's mint signals the launch of a hit franchise property for our NFT business," said Bill O'Dowd, CEO of Dolphin Entertainment. "Creature Chronicles is just the beginning, with a slate of original IP already in development, all towards a goal of building an NFT studio with multiple collections in the market, each with multiple drops annually."

Follow Creature Chronicles on Twitter @creature_chron

About Creature Chronicles

Creature Chronicles follows an advanced race of humanoid dragons known as the Atrivians that have reigned supreme over an interdimensional nexus of space and time. For almost as long, a barbaric race of humanoid aquatics known as the Ostrogs have sought to oust them from power. Roughly a decade ago, the Ostrogs launched a siege that nearly annihilated their age-old enemy and drove the last of the Atrivians from their home. On Earth in the not too distant future, a 25-year old Zarah has returned home after the death of her father to help her brothers run the family space tourism business. After a black hole transports their shuttle to another dimension, Zarah is separated from her brothers before being rescued by the Atrivians. Zarah wil find herself at the center of an intergalactic space war and come to realize that her presence there is anything but accidental.

Creature Chronicles is from the mind of Marvel Studios' visionary Anthony Francisco. He served for nine years as a Senior Visual Development Artist at Marvel Studios, where he designed some of the world's most beloved characters and elements for the Marvel Cinematic Universe, from Baby Groot to Loki to the Dora Milaje (female warriors of Black Panther). His work has been featured in Guardians of the Galaxy Volumes 1, 2 and 3, Captain Marvel, Avengers: Infinity War, Avengers: Endgame, Antman, Antman and the Wasp, Black Panther and Doctor Strange.

About Dolphin Entertainment

Dolphin Entertainment is a leading independent entertainment marketing and production company. Through our subsidiaries 42West, The Door, Shore Fire Media and BHI (a division of 42West), we provide expert strategic marketing and publicity services to many of the top brands, both individual and corporate, in the film, television, music, gaming and hospitality industries. All three PR firms were ranked among the most recent Observer's "Power 50" PR Firms in the United States, an unprecedented achievement. Viewpoint Creative and Be Social complement their efforts with full-service creative branding and production capabilities as well as social media and influencer marketing services. Dolphin's legacy content production business, founded by Emmy-nominated CEO Bill O'Dowd, has produced multiple feature films and award-winning digital series. In early 2022, Dolphin launched WCIP (pronounced We Come In Peace), its new marketing, consulting and communications agency focused solely on developing and marketing blockchain, metaverse and Web3 projects and initiatives, for both current and future clients, as well as wholly-owned project investments. To learn more, visit: https://www.dolphinentertainment.com.

This press release contains 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act. These forward-looking statements may address, among other things, Dolphin Entertainment Inc.'s offering of common stock as well as expected financial and operational results and the related assumptions underlying its expected results. These forward-looking statements are distinguished by the use of words such as "will," "would," "anticipate," "expect," "believe," "designed," "plan," or "intend," the negative of these terms, and similar references to future periods. These views involve risks and uncertainties that are difficult to predict and, accordingly, Dolphin Entertainment's actual results may differ materially from the results discussed in its forward-looking statements. Dolphin Entertainment's forward-looking statements contained herein speak only as of the date of this press release. Factors or events Dolphin Entertainment cannot predict, including those described in the risk factors contained in its filings with the Securities and Exchange Commission, may cause its actual results to differ from those expressed in forward-looking statements. Although Dolphin Entertainment believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be achieved, and Dolphin Entertainment undertakes no obligation to update publicly any forward-looking statements as a result of new information, future events, or otherwise, except as required by applicable law.

Investor Contact:

James Carbonara
(646)-755-7412
james@haydenir.com

SOURCE: Dolphin Entertainment

View source version on accesswire.com:
https://www.accesswire.com/718485/Dolphin-Entertainments-Flagship-NFT-Collection-Creature-Chronicles-Sells-Out-in-90-Minutes

FAQ

What is the significance of Dolphin Entertainment's NFT collection Creature Chronicles?

Dolphin Entertainment's NFT collection, Creature Chronicles, sold out in 90 minutes, generating over 13,175 SOL (~$435,000), marking a significant success in the NFT market.

How much revenue did the Creature Chronicles NFT collection generate?

The Creature Chronicles NFT collection generated over 13,175 SOL, equivalent to approximately $435,000 at mint time.

What are the future plans for the Creature Chronicles NFT series?

Dolphin Entertainment plans to release additional character NFT collections and develop related media, including comic books and animated series.

How are Creature Chronicles NFTs performing in the secondary market?

Creature Chronicles NFTs are trading in the top 3 projects on Magic Eden, with secondary sales exceeding 11,000 SOL (~$357,500) within the first 24 hours.

Who designed the Creature Chronicles avatars?

The avatars in the Creature Chronicles NFT collection were designed by Anthony Francisco, a former artist from Marvel Studios.