Indian movie distributor Mbur Films is going all-in on decentralization with the launch of a decentralized autonomous organization (DAO) called Media Monkeys - The Internet's Movie Studio.
In an interview with WRCBtv, Bradley Coburn, Lead at Mbur Films, said the DAO will first have a horror-themed NFT on OpenSea in 2022 to fund a horror movie. However, details of the movie were not disclosed as the DAO first wants to raise funds.
Coburn added that NFT buyers will be able to have their names in the credits of the movie, name a character, attend the premiere, visit the set, and so on if the project gets the green light. He added:
We feel that there are so many extraordinary benefits to producing a film and by tying some of those benefits to NFTs and granting the benefits to holders of those NFTs, we feel like we're adding a lot of value to the NFT space.
As To The Moon earlier reported, a group of blockchain enthusiasts sold a collection of NFTs called the Infinite Machine Collection for 168 ETH in just 28 hours. The group sold a total sum of 2,100 NFTs to fund an upcoming movie about the Ethereum blockchain network based on Camila Russo's book called The Infinite Machine.