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RE: Smart Media Tokens (SMT's) Look Promising for Filmmakers and Film Funding
Awesome to hear and think of for that purpose. I think with time SMT's will be funding a lot of great projects via crowdfunding like KickStarter only at much greater ease and with no middle man.
SMT's is not like kickstarter in my opinion, because the different way it works. But it does gonna help new projects like kickstarter does.
And unlike kickstarter, you and the people you upvote will be rewarded with more than just a t-shirt. If a site is set-up properly, the token could become very valuable.
Well I mean with kickstarter you're not only funded with a t-shirt it depends on what project you're funding and what reward you vouch for. But with films it be great in pre-production to be able to fund better costumes, sets, special fx, etc. in advance and then as a result the users who fund that would get digital access or DVD/Blu-Ray (whatever medium at that time) copies once released. Also, I think a lot of people love seeing the process of how a film or show develops so a behind the scenes look at what you're directly funding potentially with SMT's could be a great avenue for independent filmmakers and fans everywhere. Either way great to see this being discussed more and more.
Nice!!!!!
I understand its content @zacherybinx, but what differences exist between crowdfunding and KickStarter?. And what could that reward be? @brian-rhodes
Regards!
Nice!!!!!
A real simple example of this not in film-making but in it's neighboring field is music. Fans can fund albums easily and as a result essentially pre-order their copy. This allows the starving artists to make the artistic decisions they want vs. a label having so much control and receiving x percentage, which if you haven't checked out the documentary Artifact I highly suggest it. [http://www.imdb.com/title/tt2370718/] So many of the creative individuals are getting screwed by terrible contracts and such. Blockchain and SMT quite simply will help a lot more individuals profit from their work and create new avenues for others to do so. I think ultimately SMT's are a win for individuals but especially the creative types! Worldwide it'll be easier than ever to get the funding you need for your small project. It makes finding a niche and completing a project from home easier than ever. Great time to be alive in that respect!