NFTs in Motion: A New Era For The Entertainment Industry | Binance Blog

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First, it was digital art, then gaming and the music industry, and now, NFTs are making their way into the world of film and television. Understand how NFTs are disrupting the entertainment industry below 👇

beyond art and securing ownership rights. Through NFTs, the entertainment industry is finding innovative ways to raise funds, engage the viewer, and power the fan economy.Money matters a lot in the entertainment industry. It’s not enough to have a good script or a visionary director. Without funding, there is no film or television pilot. NFTs, however, can open a new avenue for fundraising that would help creators overcome budget constraints.

With an NFT-powered community at the helm, these decisions could potentially move away from the studio executives toward the audiences. Think of a DAO, but instead of protocol development decisions, community members here vote on what stories and characters they want to see on the big screen. There’s already been an influx of independent Web3 filmmaking studios financing their production process through NFTs recently.

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