Media Titan Fox Launches $100M Fund for Its New NFT Studio

[Galaxy]

Fox Corporation, the company behind Fox News, is funneling $100 million into a creator fund to expand its emerging NFT business. In May, Fox Entertainment first announced the launch of Blockchain Creative Labs, a non-fungible token (NFT) marketplace of sorts. The media titan said that the marketplace would sell digital goods, including NFTs, “that provide exclusive social experiences to engage and reward super fans.”

Now, with a fresh $100 million, Fox Entertainment and its animation studio, Bento Box Entertainment, are doubling down on these ambitions. Source