The cryptocurrency market opens a new way for creators to raise money for their products. One of these creators is Miguel Faus, a Spanish writer and moviemaker, who plans to sell non-fungible tokens (NFTs) to fund his new movie called Calladita.
Starting from March 2, Faus will sell NFTs in the form of a reward system, which includes perks such as stills and a unique four-minute short film centered on the character of the movie.
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In an interview with Decrypt, Faus said those first few movies that get funded by crypto or NFTs "will have a place in history" as the cryptocurrency market is "going to be huge for indie filmmaking across the world."
There are a ton of film buffs in the NFT space — and also people who are excited by something new. Even if they're not particularly cinephiles, they are excited to see a new use-case for NFTs.
The upcoming Calladita is based on a short movie of the same title, which tells the story of a Colombian domestic worker in a mansion in the Costa Brava. Amongst cocktails, drugs and dishwashers, she will look for her own way of having fun, says the movie's description.
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To The Moon earlier reported that a group of blockchain enthusiasts had 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 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.