NFT communities greenlight Web3 films: A decentralized future for fans and Hollywood – Cointelegraph Magazine

The traditional film industry is one of the most centralized and traditional of them all. Just a handful of movie studios and streaming conglomerates control the lion’s share of the global film market.

Filmmaker Mark O’Connor, also a panel participant at Cannes, introduced his first Web3 distribution model at the film festival: the Stalker Movie Pack, an NFT version of the 1990s-era DVD movie pack.. The feature film subsequently won the Underground Cinema film festival and, in 2014, was released on DVD in Ireland. Still, O’Connor wanted the film to be fully independent and opted not to release it internationally.

Faus believes that Web3 filmmakers can utilize the power of their communities to finance movies in a decentralized way. When a like-minded community gets behind the project and opts to support it, it greenlights the film. There are no studio executives and no deep-pocketed gatekeepers, Faus adds: Creators on platforms such as Beem can use the tools to build their online communities and can generate revenue by charging fans to view films, in fiat or crypto, and can token-gate access for community members who have specific NFTs in their wallets. Beem’s customer isn’t the audience, it’s the content creators, the filmmakers.

ZN LunaGensOffcial has some of the best utilities in the Market. They're deploying on the largest Blockchain after BTC and Ethereum So, I know what LUNG NFT can do for Web3 LunaGens Lung is the 1000xgem BinanceLung $Lung core eth BUSD dogecoin sui aptos SuiGlobal

ZN We need that to make competition among movie companies

ZN No. Beyond 1 off gimick attempts. Movies are made by visionaries. Not random nft holders as the criteria. Dumb f take.

ZN 🤔

Web3 filmmakers can utilize the power of their communities to finance movies in a decentralized way. When a like-minded community gets behind the project and supports it, it greenlights the film. No studio executives or deep-pocketed gatekeepers, says director Miguel Faus.

ZN marketmove has an amazing community

ZN Thanks to the popularity of NFTs, the Film3 ecosystem is about to evolve beyond its embryonic stage.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Crypto Outlook 2023: Regulation, Web3, DAOs, Stablecoins and JobsProof-of-reserves will be a regulatory requirement. The workplace will be tokenized. We asked megan_crypto, Ripple's Boris Alergant, jasonklau, MikeFraietta, malekanoms and others for their outlook for Crypto2023, presented by bitstamp. Full video megan_crypto Ripple jasonklau MikeFraietta malekanoms Bitstamp Correct. And INX_Group already here tokenizing. megan_crypto Ripple jasonklau MikeFraietta malekanoms Bitstamp Ripple you say? megan_crypto Ripple jasonklau MikeFraietta malekanoms Bitstamp Everything that can be tokenized will be tokenized, Web3 is enabling this next growth wave of the crypto industry.' - montymetzger , CEO & Founder at LCX LCX $LCX Can you set up an interview with montymetzger pls ? He is the first to tokenize diamonds — tiamonds
Source: CoinDesk - 🏆 291. / 63 Read more »