The term NFTs, after making a massive revolution in the art and music industry, now started transforming one of the biggest industries “The Film Industry”. Here let us look at how these Non Fungible Tokens (NFTs) are set to transform how movies are funded & decentralize the whole process to make NFT holders take part in the progress of film making.
NFTs in Film Industry
An NFT Community, Arabian Camels is about to create "$50M" worth of Hollywood movie "Antara".This movie is the first NFT based movie that allows a buyer to be a part of this Hollywood movie by digitally owning the rights and this is based on the life of ancient Arabian Knight Antarah Ibn Shaddad. This allows holders to partake in movie streaming & box office revenue.
Producer of "ntara", Josef Brandmaier said " This Arabian Camels will have an immense impact on Hollywood. This will inject a whole new lease of life into the film industry and is an exciting & greatest revolutionary move.
Transformation of Film Industry By NFTs
The combination of digital and real worlds is what sets NFTs apart in the film industry.
In the concept of NFTs in the Film Industry, the NFT holders not only merely enjoy the ownership of content or movie rights themselves, but also the holders can stake these NFTs for earning while the movie is still in production.
Here holders can choose to remain invested in the movie's journey and also can employ their capital for earning market-beating returns. The members of NFT Communities also get roles in the movie being produced, join the production team, and be given credit as producers with the cast and crew of real movies.
Movie NFTs & Its Impact
Movie NFTs will disrupt the international movie-making industry by granting audiences the ability to not only enjoy their favorite content instead also empower the new breed of actors, directors, and writers with great access to the funds from the same movie community & bring their movie ideas to their life.
Developer Relations Engineer at Tendermint, Aliasgar Merchant said that NFTs have the potential to change the game blueprints of independent films by creating utility of NFTs by offering the ability to weigh the creative decisions.
To Whom Does This NFTs in the Film Industry Benefit?
Movie NFTs help each and every single person working in and behind the movie production. Some of the film industry people who can enter into the NFT globe by launching their own NFTs & NFT Marketplace are as follows :
Actress
Actors
Musicians
Producer
Fans of Movie
Director
Production Designer
Costume Designer
Cinematographer
Music Supervisor
Editor
Art Director
Screenwriter and more.
To know more at : NFT Development For Film Industry
