NFTs Disrupt Traditional Filmmaking with the Help of the Community

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NFTs are being used to disrupt trad ways of bringing creative products to market. One of the more interesting use cases we have seen lately is NFT-funded filmmaking, seeking to disrupt how films are financed, creatively produced, & sourced! This 🧵 explores this trend 👇:

Here are some quick stories about this phenomena we've seen in the news lately: a) NFT Funded Film Calladita wins top Sundance Prize - nftplazas.com/nft-funded-film/ b) @SethGreen @steveaoki & @pplpleasr1 are leading this wave w/ an animated short - decrypt.co/120302/steve-aoki-seth-green-nft-shibuya-pplpleasr

The @shibuyaxyz project by @pplpleasr1 and @maciej_kuciara continues to be the NFT project doing the most in this arena to push out content directly funded and influenced by NFT holders. Check out their film White Rabbit as an example of this medium! shibuya.xyz/shows/white-rabbit/player

Since SV's Sapienz mint is all about giving the power to the community to participate in the co-creation process with each other to bring products to life, we are fascinated. We think this trend will continue to disrupt trad filmmaking in serious ways. Some of those include:

Decentralized Rights Management: NFTs can be used to store & manage rights info for film assets, such as characters, scenes, music, and visual effects, in a decentralized & transparent manner. This ensures that they receive proper compensation for the use of their assets.

New Business Models: NFTs enable new business models for the film industry, such as tokenized ticket sales, virtual screenings, & fan-owned franchises. This opens up new revenue streams for filmmakers & helps to mitigate the risk associated with traditional film financing.

Interactive Storytelling: NFTs can be used to create interactive, multimedia experiences that allow viewers to participate in the story & shape its outcome. This choose your own adventure model with film is being deployed by Dominion, the Seth Green & Aoki project above.

These are all ways we see use cases evolving over the next few years in regards to NFTs and the film industry! Comment below with your thoughts! Want to see more 🧵s like this? Like/RT this post, follow @stapleverse & stay tuned!