What are Film NFT tokens?
From the emergence of the fever of non-homologous tokens (NFT) It won’t be long; But this industry has not only been able to benefit from the trillion-dollar crypto space; Rather, he himself has shone as a good phenomenon. These unique tokens have revolutionized digital art. Now that queer tokens have invaded the art world, they range from just a few JPEG images of some pixelated cryptopunk characters. (Cryptopunk) Or some tired monkeys in the Bord Ip project (BAYC) are not limited The movie token is considered one of the news-making and new tokens that has gained a lot of popularity these days.
Multi-thousand dollar token sales of internet memes and jokes have proven that fans of the strange and fascinating NFT industry have no limit to what they can do. format They do not have an effect. For example, the NFT token Devil Girl Meme (Disaster Girl) which shows an image of a little girl in front of a burning house, was sold for a staggering $500,000. Also, Charlie’s video asexual token sale bit my finger Charlie Bit My Finger With the figure of 761 thousand dollars, it showed that the video format can be as popular as other NFT formats. Currently, the wave of asynchronous tokens has also reached longer videos such as documentaries and movies.
It seems that after creating a revolution in graphic arts such as painting, drawing and photography, now non-traditional tokens have opened their doors to the seventh art industry. Considering the effect of these tokens on the funding of films and the decentralization of their distribution and sales, we also intend to dedicate this article to the investigation of this emerging field and talk about the impact of NFT tokens on the film industry and filmmaking. Also, let’s refer to a number of popular non-film token projects and examine some of the future possibilities of this industry.
tokenTheHi Film heterosexuality (Film NFT) What is?
Movie tokens They are like other NFTs, except this time they target the film industry. A non-film token can allow independent producers to easily find investors for their film idea. Audiences can also get a fair share of the net income from the sale of movies and help their favorite filmmakers and artists in financing their favorite works.
With this concept, non-film token holders not only own the content or rights of the film; Rather, they can buy these tokens while the film is in production and then invest to earn more. In this way, non-film token holders keep pace with their favorite filmmakers during the film production process and join the film production and production team. In exchange for this investment, fans can also get a share of the movie’s profit.
Tokenizing clips, artwork, and JPEG images from movies and pre-selling them as non-movie tokens can greatly help capitalize on this popular industry. In fact, film NFTs are a bridge between the real world of film production costs and the virtual world of blockchain tokens. Token buyers can also profit by staking their assets before a movie’s release and monetize their loyalty to their favorite movies and filmmakers.
The effect and importance of filmic tokens
Generative film tokens can transform the international filmmaking industry; Because they allow the audience not only to enjoy their favorite content; Rather, they allow a new and unknown generation of talented actors, directors, and writers to access the necessary resources and capital and be able to realize their film idea.
For example, Antara, a film inspired by the biography of an Arab warrior, recently made a lot of noise as the first official Hollywood film to raise part of its funding through NFT sales. Buyers of unique tokens of this title were able to benefit from its 50 million dollars profit as much as their shares. At the same time, it is possible to receive 80% profit from investing and growing profits (Yield Farming) These tokens are also present during the production of the film.
One of the criticisms raised about non-symbolic tokens in other art fields is that they remain idle and unusable after being sold to collectors. This is despite the fact that the unique movie token can have unlimited capacity for the actors, directors, writers, and producers of the film, and it can also provide a unique investment opportunity to the film fans.
Ali Asghar Merchant (Aliasgar Merchant)one of the executive directors in Tendermint company (Tendermint), Token Ahirmetali considers the film as a transformative phenomenon that can successfully finance independent films. He adds that these tokens can remove financial barriers from films. Merchant says:
Gentile tokens will not only change the way movies are made in the future; Rather, they pave the way for communities that did not have access to the media before.
ProjectTheProminent tokensThe Film heterosexuality
Although the gay token movie is a relatively new idea, many producers have jumped into it in hopes of making the medium successful in the future. In the following, we will introduce a number of films that have used unconventional movie tokens in a way.
Claude Lanzmann: Specters of the Shoah
Recently, the NFT version of the political documentary “Claude Lanzmann: Ghosts of the Shoah”, which was nominated for the Oscar for the best documentary in 2016, has been released. Although the mentioned documentary was initially broadcast on HBO, it was not possible to purchase it digitally or physically. However, with the help of movie tokens, 10 copies of this documentary worth 375 thousand dollars each were sold in the digital currency market.
Stoner Cats animated series
Fans of non-homosexual film tokens are not limited to specific titles or documentaries; But different episodes of the animated series “Stoner Cats” starring Mila Kunis Mila Kunis and Jane Fonda (Jane Fonda) and Chris Rock (Chris Rock) It has also been tokenized and sold with an amount equal to 8.4 million dollars. It is interesting that these parts were sold quickly in less than 40 minutes to show once again the rare desire of users to buy unusual tokens.
Deadpool 2 superhero movie
Gentile tokens are also used as a means of promoting the film; For example, for Marvel’s superhero movie “Deadpool 2”, special non-homosexual tokens were offered to people who bought tickets to watch the movie in the cinema. This made the film widely accepted by the audience.
It’s not bad to know that the acceptance of superhero movies by non-homosexual tokens does not end with the movie “Deadpool 2”. For example, unusual tokens in the form of short clips and JPEG images of “Spider-Man” during the release of the movie “Spider-Man: No Way Home” ((Spiderman: No Way Home) were published, they were among the hot topics among the fans of this film for a long time. The appeal of this story becomes even more prominent when we remember that companies like Marvel, which embrace film NFTs, are currently producing Hollywood’s highest-grossing and highest-grossing films.
Krapopolis and Vule
Last year, Fox (Fox), the large American media company, in addition to establishing a company focused on non-homosexual tokens, also announced the release of its blockchain series. According to the report of one of the board members of this company, the creator of the popular series “Rick and Morty” (Rick and Morty)Dan Harmon (Dan Harmon)this time to produce a series called “Cropopolis” Krapopolis It is said to be the first animated series that runs entirely on blockchain. Not to mention Enderboy Entertainment (Enderby Entertainment) is also responsible for the production of this collection.
The producer of this collection in cooperation with one of the fintech blockchain companies (FinTech) With the name of Currency Works (CurrencyWorks)the first NFT-based movie viewing and distribution platform called Violet (Vuele) has launched Violet is supposed to help users to collect, watch and exchange unique limited edition movies by becoming a member of this platform.
Historical fiction film Arab warrior
As we mentioned earlier, one of the noisy movies that used non-sexual film tokens is the movie Antara Is. Meanwhile, one of the NFT communities nicknamed Arabian Camels (Arabian Camels) Recently, they announced the investment of 50 million dollars on this Hollywood project; It is a historical film with a flavor of imagination about the life of an ancient Arab warrior. MoonPay digital currency exchange, in cooperation with the creators of this movie, held the first release of tokens of this movie on January 14 of this year.
This film can be considered as the first Hollywood title that allows people to participate in the production process and directly interact with the performance of the film. Additionally, access to film distribution and sales revenue makes making such products a win-win situation for filmmakers and investors. The producer of the said film, Joseph Brandmeier (Josef Brandmaier), believes that this project will have a profound impact on Hollywood. He says:
This exciting and revolutionary move will inject a new spirit into the cinema business.
It seems that Brandmeier’s opinion is not so wrong. This film covers the relationship between users and the world of Hollywood; A concept that is completely unexpected for some and very attractive for others. Good or bad, Antara will undoubtedly change the concept of film in the space of non-sexual tokens.
The future of tokensTheMovie heterosexuals
From the point of view of Gareth Minks (Garrett Minks)senior technology manager at Rirtech company (RAIR TECH)if non-identical tokens are a means of authenticating users to access movie streaming services and scalable capital is collected through decentralized self-governing organizations, the film industry can achieve a very efficient business model using Web 3.
Read more: What is Web 3.0? How to invest in the next generation of the Internet?
Andy Lian (Andy Lian)manager of the Big One trading platform (Big ONE), also believes that in the near future, non-monogamous tokens can turn movies into an interactive experience for viewers eager for NFTs. He says:
This capability will raise the issue of financing films to a new level; Because [با این فناوری] It will be possible to earn profit from every minute of the video.
Gentile tokens can play a variety of roles in the filmmaking industry. Also, they can be a buyer’s license to access special behind-the-scenes content or even star in a movie. The appeal and acceptance of these tokens can make the process of attracting investors for films, especially independent films, a more decentralized process and reduce the dependence of filmmakers on large investment companies or traditional methods.
Also, non-mythic tokens can deepen the experience of watching a movie so that the audience is also a part of the storytelling experience. For example, an NFT can be used to unlock a VR version of a movie or access interactive content; so that the viewer can influence the outcome of the film. This issue can make the movie more personal and attract more audience.
TotalTheclassification
In this article, we got acquainted with a new concept called movie token, which has recently started a lot of discussion in both the blockchain and cinema industries. In the present paper, we pointed out that NFTs are no longer limited to JPEG images and may include feature-length fiction or documentaries. We then took a look at the impact of these unique tokens on the film and filmmaking industry and presented a number of film projects that utilize the feature of NFTs. Finally, we predicted the future of these tokens.
Generative tokens and a ready-made platform like Metaverse can change the world. The path that these tokens take to the film industry could be one with a lot of potential success. These tokens create a link between the world of fantasy and reality, and with a few encrypted codes, they provide real capital to film producers. Another point is that the money-making industry of cinema will no longer be monopolized by a few large and concentrated companies, and the audience can benefit from the profits of the production and screening of films. Having said that, we should not forget that the only effective factor in actualizing the capacities of movie tokens is the efforts of the community members in creating and using these opportunities.