Is it really a “new way of financing” independent films?
Or is it just another gimmick to find funding in the ever harder world of movie making?
Non-Fungible Tokens are now being touted as the way indie producers can raise funding for projects.
THR reported about “financing the movie through a combination of NFTs and a first-of-its-kind public offering to sell shares in the film.” It’s unclear what makes the IPO a one-of-a-kind when filmmakers have been crowdfunding films for years.
And NFTs are the opposite of what most producers want: an NFT has a single owner/viewer, and most filmmakers seek a wide audience.
If NFT’s are simply “chotskies” (ie, little mementos) of the movie like a poster or a gif, then what’s so new about that?
However, if you can find a wealthy someone who, like the PharmBro who spent $2 Million for a music CD, to buy an NFT of the film for its production cost plus a profit, then you’re on the right track. That woman is the “executive producer.”
https://www.hollywoodreporter.com/business/business-news/nft-independent-film-afm-2021-1235038434/
Crowd Funding News 