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Quick takeaways
- NFTs can revolutionize movie financing by enabling crowdsourcing and transforming ownership structures.
- Producer Neil Jewel plans to raise funds for films by selling NFTs, offering buyers ownership stakes and profit shares.
Deep dives
Hollywood's Risky Business
Hollywood's movie business is a high-stakes industry where most producers disappoint by releasing unsuccessful movies despite investing millions. The norm is financial peril in movie financing as an overwhelming majority of movies fail to make significant profits. To revolutionize this, a movie producer plans to introduce excitement by using the concept of crowdsourcing through non-fungible tokens (NFTs). These unique tokens on the blockchain can revolutionize ownership and financing in the industry.
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highlights
Listen to the best highlights from the podcasts you love and dive into the full episode