Download or read book Blockchain Film Funding written by John Rodsett and published by Independently Published. This book was released on 2022-11-30 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: BLOCKCHAIN FILM FUNDING The landscape of the film industry is changing and at its forefront is the innovative, Blockchain technology and Web 3.0. The bottom line with film financing in this constantly shifting, competitive marketplace is that producers must come up with additional funding in any way possible and Blockchain can be a new innovative film funding potential. This new innovative technology provides certain concepts and protocols that potentially open a pandora's box of new forms of film finance. Exciting new film funding avenues discussed in detail, include NFTs; tokenization and security tokens; the Defi and the Fintech market and the ever-expanding equity crowdfunding financing model. Blockchain technology creates the concept of tokenization and specifically NFTs and Security Tokens. This is the foundation of a new source of funding, never utilized by the film industry. Tokenization enables the creation of NFTs and security tokens both of which you can use to raise capital for projects including film. Blockchain also provides other benefits that are potentially significant. These include decentralization, transparency, immutability, smart contracts, and several other revolutionary concepts that can potentially change business practices significantly. NFTs are digital assets whose ownership is blockchain-based. Their value is based on their uniqueness. The traits create intrinsic value for NFTs because of their limited supply, uniqueness, rarity, and the fact that they are acquired as an entire token. NFTs can provide a significant new financial resource to generate film funding Security Tokens. With the expansion of the Fintech finance market and the ability via Blockchain to utilize security tokens, a whole new film funding avenue opens. Yes, it is regulated, and yes, it demands a certain degree of initial investment to set up an offering (STO), but this market has immense potential. Smart contracts are the business rules, terms, and conditions of a contract/transaction that blockchain technology codes / embeds into the network system. These rules are laid down within the blockchain as a smart contract. Equity crowdfunding is a further extension of the traditional method but now can incorporate blockchain security tokens and open up another major area of funding. With Blockchain technology, and the introduction of tokenization, investors who regularly were excluded can potentially participate and feel secure that their investment is less likely to end up in the accounting fog of Hollywood.