Decentralized Pictures Introduces DCP+
Decentralized Pictures, a blockchain-based film funding platform, is set to launch its own in-app streaming service, DCP+, with a beta release planned “in the next month or so.”
The Importance of Fair Distribution
- Co-founder Leo Matchett emphasized the need to provide filmmakers with a fair and transparent way to showcase their work and monetize it.
- DCP+ will allow filmmakers to distribute their content 100% free, on-chain, auditable, and immutable.
Integration and FilmCredits Token
- DCP+ will be integrated into Decentralized Pictures’ platform.
- Users can rent films using the FILMCredits token, which can be purchased with fiat or earned through community participation.
Equity Allocation and Peer Review
- Creators can allocate streaming revenue to equity holders based on their profit participation.
- Users will receive rewards for reviewing content, allowing for an incentivized peer review process.
Additional Features and Future Plans
- Curated lists and following tastemakers will be part of the platform.
- Filmmakers can conduct test screenings and contribute to a rewards pool to engage users.
Community Moderation and Non-Profit Status
- Volunteer community members will review content for copyright violations, illegal material, and compliance with guidelines.
- Decentralized Pictures sees DCP+ as a public service, with 100% of revenue going back to rights holders.
Hot Take: Decentralized Pictures Empowers Filmmakers
Decentralized Pictures’ introduction of DCP+ with its innovative features and focus on fair distribution is a game-changer for the film industry. By providing a platform that allows filmmakers to showcase their work, monetize it transparently, and engage with a community of reviewers and supporters, Decentralized Pictures is empowering creators in a whole new way. The integration of blockchain technology ensures transparency and immutability, setting a new standard for film distribution platforms. With its non-profit status and dedication to returning revenue to rights holders, Decentralized Pictures is shaping the future of independent filmmaking.
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