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The Netflix 'Selena' Creator Rejects Hollywood in Favor of NFTs

The Netflix ‘Selena’ Creator Rejects Hollywood in Favor of NFTs

Moisés Zamora’s Journey to Success

After years of climbing the Hollywood ladder, Moisés Zamora finally achieved success with his own Netflix show, “Selena: The Series.” The show performed well, reaching 25 million households in its first four weeks. However, financial security did not follow Zamora’s success.

At the Film3 Summit in Los Angeles, Zamora expressed his disappointment at the lack of residual or compensation systems for creators in the streaming model, leading to labor strikes. This experience led him to redefine success in the entertainment industry and take matters into his own hands.

Currently, Zamora is preparing to launch Videomart, an on-chain platform that allows filmmakers to launch their own films, build dedicated fan bases, and earn a greater portion of revenue through NFTs.

Redefining Success in Entertainment

Zamora aims to convince indie filmmakers that finding a smaller audience of dedicated fans is more beneficial than securing deals with major studios. He highlighted the limitations of streaming platforms like Netflix and emphasized the potential for creators to generate revenue through smaller but dedicated audiences.

The Launch of Videomart

Videomart recently concluded beta testing and is set to be publicly launched at the 2024 Sundance Film Festival. The platform currently features 35 films, with plans to add another 400 titles in the coming months. Zamora hopes that Videomart will lower barriers for entry into film production by utilizing NFTs and emerging technology.

Embracing Emerging Technology in Film Production

Videomart joins a growing ecosystem of initiatives leveraging NFTs to connect filmmakers directly to fan bases and provide alternative avenues for film funding and distribution. Other blockchain-backed startups have also emerged with similar goals, aiming to disrupt the traditional Hollywood studio system.

Hot Take: A New Era for Filmmakers

Moisés Zamora’s journey from traditional Hollywood success to launching an innovative on-chain platform signals a shift in the entertainment industry. With emerging technologies like NFTs and decentralized platforms, filmmakers have new opportunities to find success outside of the traditional studio model. As creators embrace these changes, the landscape of film production and distribution is set to undergo a significant transformation.

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The Netflix 'Selena' Creator Rejects Hollywood in Favor of NFTs