CROWN Token Project, a Web3 platform bridging the traditional IPs market with blockchain, has launched its first non-fungible token (NFT) collection. Set to debut on the platform’s ADOT NFT marketplace, the NFT series will feature characters from the animated film Legend of the Two Heroes.

The $15 million budget film from Hong Kong director Hernan Yau and renowned screenwriter Robert Lence is scheduled for global release in early 2023. Notable works featuring Lence’s scripts include Toy Story, Beauty and the Beast, and Shrek.

CROWN Token’s NFT series will have a total of 590 mints from 39 NFTs, with 15 mints for each NFT and 5 rare NFTs with only 1 mint each. Collectors can purchase the rare NFTs with CROWN Token. Additionally, the top three main characters in the feature film will later be added to an upcoming MMO role-playing game.

The NFTs are expected to unlock opportunities for lovers of animated films. As CEO of VUCA Digital which manages the CROWN Token Project, Pan Lorattawut said: “It’s exciting to see this project with our ADOT marketplace come to life. We want NFT holders to be involved in the animated action film’s creation in every possible way. This is one of the ways we not only reward our ecosystem, but continue to expand the benefits of IPs.”

The global NFTs market size is projected to expand at a CAGR of 27.6% to $342 billion by 2032 due to cryptocurrency use and rising demand for digital art, according to a report by Market Research Future.

CROWN Token Project expects its ADOT Marketplace to experience growth in the coming years, with the utility of its token expanding as a result. CROWN Token is a crypto project by VUCA Digital, a blockchain consulting firm affiliated to IP management firm T&B Media Global.