The future is encoded with crypto, so what does that mean for filmmakers and Hollywood?
The spectacle of NFTs is slowly revolutionizing how feature films will find funding and distribution. Everyday consumers can become film financiers by simply purchasing a profit share in a film through “pre-sale NFTs.”
Moviecoin.com, a crypto start-up, is leading the pack by partially financing the boxing biopic, Prizefighter, starring Russell Crowe and Ray Winstone. The lead developer of Moviecoin, James Hickey, told Express.co.uk that the groundbreaking inclusion of NFTs in the filmmaker process is “really to show that power can be returned to the artists and subsequently moved away from multiple intermediaries in a supply chain.”
Hickey continues promoting the inclusion of NFTs in Hollywood by saying, “By tokenizing movie pre-production and selling NFTs representative of future rights we truly believe the whole industry will be turned on its head or at the least forced to give people a better deal.”
Author: Alyssa Miller
This article comes from No Film School and can be read on the original site.
