Today, while the entertainment industry is transitioning to Web3, the Web3 blockchain capabilities and non-fungible token (NFT) enterprise models will cancel administrative burdens for production studios and independent producers. Likewise, they will automate film finance, legislative, and distribution operations and turn each film into a smart-contract-managed equity venture.
FilmoCrat is bridging the film industry with blockchain mapping movie spread strategies using NFT film venture modeling. The NFT film ventures will give financiers an edge in allocating smart money in encryption structured films, which also means:
• Braking into the huge existing market prone to modernization
• Unlocking film-equity participation and rewards globally
• Scaling a decentralized business model while promoting inclusive economies
We address both the current and future market needs. While the system is in development, we strive to onboard producers with presentable projects and industry insiders, investors, mentors, and advisors with motion picture production and marketing backgrounds.
Regardless of where the web markets move, the film industry faces two things, decentralized finance and pandemics. When moviegoers migrate from theater to online, DeFi may obsolete the subscription models.
Savvy online users already engage with tokenized entertainment for interactive and economic reasons. With audiences leaning towards reward-sharing models, the film industry is the next to deal with socio-economic change. Rather than opting for a streaming subscription, fans will partake in film support, including project voting, movie PR, and participation in profits, not to mention a fun, immersive experience. That, in short, is creating an opportunity for producers to gain investors backing and audience coverage simultaneously.
As a result, filmmakers will have to look for new platforms to let them move from passive to online-interactive audiences. But there is good news. FilmoCrat is developing a Movie Launch Theater to allow members to review pre-production trailers for upcoming movies, vote for them, and receive royalties. The beta viewers' votes turn into shares in films, giving investors an early insight into the after-production viewing rates. So, if you are a financier, or you feel like a beta audience fan or have a cinematic project to submit to the Teater, please be the first to sign up for a listing.
The Smart-Asset-based movie-spread models will allow independent producers to thrive. We have a patent-pending system that helps filmmakers, investors, and cinematic fans boost film proliferation with easy-to-use smart-contract tools. We notarize investors' and voters' rights to profit in synergy with VOD streaming and segregated revenue dispersal, clearing the related payments in electronic cash. Please find out more at https://filmocrat.com/
Thanks for sharing! This is something I've been thinking about recently too... In the videogame space also
Did you see this post by another member who created his own NFTs?
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The records braking valuation of digital art and collectible NFTs are mainly associated with cryptocurrencies and hyper-target publicity. Still, when the associated psychological hype vanishes, is the...
Expand commentThe records braking valuation of digital art and collectible NFTs are mainly associated with cryptocurrencies and hyper-target publicity. Still, when the associated psychological hype vanishes, is there anything of value left? The most optimistic answer is the foundation for decentrally financed (DeFi) economies.
Hence cryptocurrencies were born on blockchain and rendered extreme volatility; cryptos as a basis for film finance have a little or no go. However, when detached from speculative markets, blockchain-type digital ledger finds prolific use in automating the IT, accounting, legal, administrative, and information-sharing apps. That occurs in supply chains and production management processes, which, by the way, do not need cryptos or hype to become effective. In synergy with intelligent contracts that can handle customized events, hype-less blockchains make ground for streamlining some niche economies using, in fact, traditional money. And the film industry is among them.
Blockchain has developed instrumental technology over the last couple of years. Keeping entrenched in the old good administrative patterns while digital infrastructures expand cannot help much. Custom-tailored Smart Contracts can unlock broader access to film equity funding, manage copyright, profit rights, and distribution legal aspects, automate revenue and ROI dispersal for producers and financiers, and even reward audiences.
The NFT ownership concept, which evolved on a public blockchain using cryptos, goes further on permissioned digital ledger. It is getting converted to a Smart Asset film token, turning each project into an independent film venture. Creating a multiparty film finance model subject to segregated ROI provides a basis for a more intelligent infrastructure while processing all incoming and outgoing transactions in fiat electronic cash.