Fun

‘Durmientes’ Aims to Be One of the First Films Funded Fully With NFT Sales in Latam

News Feed - 2022-08-16 05:08:47

"Durmientes" Aims to Be One of the First Films Funded Fully With NFT Sales in Latam


“Durmientes,” a new movie that will be directed by Gibran Bazan, a Mexican filmmaker, aims to be funded fully by the sale of a series of non-fungible tokens (NFTs). The NFTs, which will be sold on Metaown, a Mexico-based NFT marketplace, and designed by artist Gabriel Colin, will feature 3D models that will be connected to the story of the film and will bring benefits to owners. Durmientes Will Try to Succeed Using an NFT-Based Financing Model


Cryptocurrencies and non-fungible tokens (NFTs) are migrating to other industries that can also take advantage of their properties and technology. “Durmientes,” a new Mexican film project which will be directed by filmmaker Gibran Bazan, will produce a set of NFTs that will be sold in order to raise funding for the film.


The financing team of the film will issue 1,500 NFTs that will feature some important object present in the film’s script. These will be done in 3D art, and will also bring important benefits for their owners, allowing them to assist in the shooting of the film, or even appear in a scene.


Director Gibran Bazan thinks that these new technologies might change the landscape of funding in the film industry. About this, he stated:


Part of this new world and Web3 is going to open up a panorama for creators because instead of big companies having the projects, now it’s the people. It is decentralization of content.


The 1,500 NFTs will be sold using Metaown, a Mexico-based NFT marketplace. However, neither the price of the NFTs nor the amount the film needs to raise has been shared. Similar Initiatives


While Durmientes’ NFT funding initiative is one of the first in Latam, other projects have already tried to tap into the NFT market for funding films. Niels Juul, the executive producer of movies like The Irishman, directed by Martin Scorsese, founded NFT Studios with this same premise last year.


In an interview with the Guardian, Juul stated that his idea was to democratize the funding stage of indie films, a process that can present many difficulties due to the focus Hollywood has on big blockbusters.


Other projects have gone in different ways. Zero Contact, a film starring Anthony Hopkins, was released as an NFT, with copies of the film sold for $90,000. NFT characters from the Bored Ape Yacht Collection will also be featured in the upcoming trilogy of interactive films produced by cryptocurrency exchange Coinbase. Tags in this story anthomy hopkins, anthony hopkins, crowdfunding, durmientes, film, Funding, gibran bazan, Martin Scorsese, metaown, nft, Niels Juul


What do you think about Durmientes and its goal of getting funding via NFT sales? Tell us in the comments section below. Sergio Goschenko


Sergio is a cryptocurrency journalist based in Venezuela. He describes himself as late to the game, entering the cryptosphere when the price rise happened during December 2017. Having a computer engineering background, living in Venezuela, and being impacted by the cryptocurrency boom at a social level, he offers a different point of view about crypto success and how it helps the unbanked and underserved. Galaxy Digital Terminates $1.2 Billion Bitgo Acquisition Deal, Crypto Firm Still Plans for Nasdaq Listing NEWS | 2 hours ago Spending $276M in Ether — Colossal Ethereum Whale That Participated in the Genesis ICO Transfers 145,000 ETH NEWS | 10 hours ago


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleGalaxy Digital Terminates $1.2 Billion Bitgo Acquisition Deal, Crypto Firm Still Plans for Nasdaq Listing Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItRipple CEO: SEC Lawsuit Over XRP "Has Gone Exceedingly Well"


The CEO of Ripple Labs says that the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) against him and his company over XRP "has gone exceedingly well." He stressed: "This case is important, not just for Ripple, it’s ... read more.Central Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year NFT Sales Volume Saw a Small Uptick This Week — Moonbirds, Mutant Apes Take Top Sales Goldman Predicts US Recession Odds at 35% in 2 Years, John Mauldin Wouldn"t Be Surprised if Stocks Fell 40% Digital Ruble ‘Much Needed,’ Russia’s Central Bank Says, Won’t Delay Testing

News Feed

TikTok parent company explores on-chain possibilities for Web3 gaming and AI
Savannah Fortis11 hours agoTikTok parent company explores on-chain possibilities for Web3 gaming and AIBytePlus is partnering with Mysten Labs to integrate advanced AI algorithms and data warehousing technology into the
Brazilian Brokerage Platform Rico to Offer Cryptocurrency Services Next Year
Brazilian Brokerage Platform Rico to Offer Cryptocurrency Services Next Year Rico, a Brazilian brokerage platform part of XP Inc., has announced it plans to enter the cryptocurrenc
Crypto Exchange Binance Ends Some Services in Singapore to Comply With Regulation
Crypto Exchange Binance Ends Some Services in Singapore to Comply With Regulation Binance is terminating some services in Singapore, including fiat deposit services and spot tradin
Lending Platform Ledn Launching Bitcoin-Backed Mortgage Product, Raises $70 Million
Lending Platform Ledn Launching Bitcoin-Backed Mortgage Product, Raises $70 Million Global digital asset savings and credit platform Ledn has announced the upcoming launch of a bit
Court denies Kraken’s motion to dismiss SEC lawsuit
Alex O’Donnell3 hours agoCourt denies Kraken’s motion to dismiss SEC lawsuitThe SEC alleges Kraken is operating an unregistered securities exchange.606 Total views2 Total sharesListen to article 0:00NewsOwn this piec
Is Dogecoin’s 30% Decline A Chance To Buy On Discount? Here Is the Pertinent Level To Watch
Este artículo también está disponible en español. Recent price action has seen Dogecoin stuck in a correction path for over a month now, and the meme now finds itself tra
Bitcoin’s sudden 7% retreat sees $660M in liquidations in 1 day
Martin Young3 hours agoBitcoin’s sudden 7% retreat sees $660M in liquidations in 1 daySome suggest a waning ETF narrative and economic data from the United States may have sparked the sudden crypto sell-off.9826 Total
Bithumb Terminates Trademark Agreements With 2 Foreign-Based Exchanges
Bithumb Terminates Trademark Agreements With 2 Foreign-Based Exchanges Leading Korean crypto exchange Bithumb is terminating its trademark agreements with two co
Crypto Exchange FTX Fires 3 Top Executives, Report Reveals
Crypto Exchange FTX Fires 3 Top Executives, Report Reveals Three high-ranking executives of failed cryptocurrency exchange FTX have reportedly been dismissed. Among them is one of
Up to 99% of Mt. Gox’s $8.2B Bitcoin could be sold — Analyst
Zoltan Vardai13 hours agoUp to 99% of Mt. Gox’s $8.2B Bitcoin could be sold — AnalystNearly all of Mt. Gox’s former creditors might be looking to sell their Bitcoin, which has increased by over 8,500% in value in t
Bitcoin Price Dominance And Altcoin Season: What The Sudden Volatility Means For The Market
Este artículo también está disponible en español. Crypto analyst Master Kenobihas provided extensive analysis, which discusses the Bitcoin price dominance and altcoin sea
Rakesh Upadhyay6 hours agoPrice analysis 8/28: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, SOL, DOTThe S&P 500 is attempting a recovery, but Bitcoin and select altcoins are struggling to break above their respective res