Decentralized Pictures, a non-profit organization aimed at discovering innovative ways, wants to support the community of moviemakers with a blockchain-based application.
The organization wrote in a press release that alongside the application launch, Decentralized Pictures also rolls out an award program in partnership with The Gotham Film & Media Institute called The Gotham x Decentralized Pictures Documentary Initiative to "provide funding and support to select documentary filmmakers."
As part of this program, two winning projects will share in a financing award of up to $50,000 for their documentary movies. Decentralized Pictures says all community members can get the so-called FILMCredits tokens for providing "honest opinions and feedback on film proposals."
Decentralized Pictures Founder Roman Coppola says the collaboration with The Gotham will inaugurate the organization's financing application. He added:
After years of hard work, we're opening our doors to the community and inviting independent filmmakers around the world to submit their projects for a chance to bring their visions to life.
Those interested in applying for the program could submit their applications on May 20 — during the Cannes Film Festival — and will remain open until June 20. The review and voting period for submissions will begin on June 13 and continue for one month, with the winners to be announced on July 20.