A group of blockchain enthusiasts sold a collection of non-fungible tokens called the Infinite Machine Collection for 168 ETH (~$672,000 at the current price) in just 28 hours, The Defiant first reported.
The enthusiasts sold a total sum of 2,100 NFTs, with the remaining collection of 10,499 NFTs to be offered in the coming weeks. The proceeds will go towards The Infinite Machine budget, a movie about the Ethereum blockchain network based on Camila Russo's book: The Infinite Machine: How an Army of Crypto-hackers Is Building the Next Internet with Ethereum.
However, the raised funds represent only 4.2% of the movie's budget (~$16 million) set by producers. The project’s artists will get 22.5% of the proceeds, with 10% will go to a community treasury pool.
Camila Russo, who is also an executive producer of the film, says the idea behind the collection was to help fund the movie together with the Ethereum community. She added:
But this project is also about supporting artists who live in oppressive regimes and can benefit from decentralization the most, and I’m extremely proud this initial sale is already making a big impact on their lives.
As of press time, The Infinite Machine doesn't have a release date.