NFT communities greenlight Web3 films: A decentralized future for fans and Ho...
The traditional film industry is one of the most centralized and traditional of them all. Just a handful of movie studios and streaming conglomerates control the lions share of the global film market.But nonfungible tokens (NFTs) and a growing crypto-centric community of enthusiastic filmmakers might just disrupt the industry.Some independent projects offer a glimpse into Web3 filmmaking, while others provide a window into distribution. Decentralized streaming also demonstrates what community-based film development and exhibition might look like in the not-so-distant future. Thanks to the....
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Decentralized film financing platform Mogul Productions recently announced its next big step towards decentralizing the world of entertainment. Mogul Productions is an Ethereum based film financing and movie NFT platform that has taken great strides towards creating transparency in the film industry. By merging blockchain technology with the film industry, Mogul Productions is aiming for a future where the power of decision-making lies in the hands of fans who are the foundational element of the industry. In what could be the biggest step towards this goal, Mogul Productions has recently....
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Jake Fraser believes that DAOs can let fans get involved from the scriptwriting process to the selection of actors who will play in a film. As more people begin to integrate Web3 technologies into entertainment and production, the use case for decentralized autonomous organizations (DAOs) in filmmaking has been highlighted in a Cointelegraph interview with Jake Fraser, the head of business development at the film-focused blockchain project Mogul Productions. When it comes to DAO usage in films, a deeper level of fan engagement was highlighted by Fraser. As an example, the executive pointed....
With TikTok facing the prospect of removal from the United States, users should realize that traditional tech companies are far less reliable than the decentralized web. People are often skeptical about Web3, many of them influencers and digital content creators. Notably, many of those most reluctant to embrace Web3 are very successful on Web2. Since they’ve mastered monetization on popular Web2 platforms such as TikTok, Twitch and others, why bother learning the rules of a new game? The current regulatory debate around restricting TikTok in the U.S. provides a salient example of the risks....