Marvel Producer Avi Arad to Turn Huxley Ethereum NFT Comics Into Film

No release target has been announced for the Huxley film. The partners plan to release interactive, Huxley-themed metaverse experiences later this year “on the way” to launching the film, per a release.

An NFT works like a blockchain-backed receipt for a digital item, and can represent things like images, video files, and digital comic books. The market swelled to $25 billion worth of trading volume in 2021, per data from DappRadar.

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The first NFT issue of Huxley was released in October, with 10,000 digital issues released at a mint price of 0.10 ETH apiece (about $390 then). A second issue has since been released, with four more on the horizon. According to OpenSea, secondary sales of the two issues have thus far generated over 1,920 ETH, or about $4.9 million at today’s rate.

Mauro, a concept artist who has worked on films like “Elysium” and “The Hobbit” plus the Halo and Call of Duty game series, launched his first NFTs in March 2021. Evolution, his first drop on the Flow blockchain, generated more than $2 million in sales. Soon after, Mauro told Decrypt about the impact that NFTs can have for digital artists.

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“This is a very big idea that will help every artist in the world and change a lot of artists’ lives, I think,” he said. “It basically solves a problem that we’ve been having our whole careers with not being able to make any money with our digital creations. It’s completely revolutionary to me.”

Arad is a co-founder of Marvel Studios and has produced a wide array of Marvel comic adaptations from multiple studios, including “Iron Man,” “X-Men,” and “Spider-Man: Into the Spider-Verse.” He has also produced other entertainment adaptations, such as the newly-released “Uncharted” film.

Aku, a young Black astronaut character created by Micah Johnson, was the first original NFT IP optioned for a film adaptation last year. Collectors of Aku NFTs may be able to help shape the film and future of the IP, Johnson told Decrypt in August.

Since then, successful NFT projects such as the Bored Ape Yacht Club, CryptoPunks, and World of Women have hired representation with an eye to enter other entertainment verticals, including film, TV, and more. Last week, actress Reese Witherspoon announced that her Hello Sunshine production studio will develop films and TV series based on World of Women.