Film3 Summit Shines Spotlight on Blockchain in Entertainment Industry
Film3, a community of filmmakers and entertainment professionals embracing blockchain technology, will be in the spotlight at the upcoming second annual Film3 Summit in Los Angeles. Produced by “The Squad,” a core collective of Film3 enthusiasts founded by filmmaker Jordan Bayne, the event will take place from October 27-29 at the offices of Famecast in Santa Monica. The Squad advocates for the use of decentralized tools to create a fairer, more accessible, and financially sustainable framework for film production and distribution.
Exploring Disruption in the Entertainment Industry
The Film3 Summit will feature panels and fireside chats discussing various topics related to the current state of the entertainment industry and efforts to disrupt it. These include recent resolutions to the writers’ strike in Hollywood, ongoing actors’ strikes, and the importance of collective action. Prominent participants in the festival’s programming include Oscar-nominated producer Rachel Winter, writer and director Miguel Faus, actor Laurence Fuller, and Leo Matchett, co-founder and CEO of Decentralized Pictures.
Empowering Creators with Film3
The Film3 Summit acts as a conduit for bridging Web3 and Hollywood. It introduces new avenues for financing, creating, marketing, and distributing entertainment by utilizing the core concepts of Film3: creator-led communities that act as studios by owning their own intellectual property (IP) and amplifying content to audiences. The goal is to empower creators while delivering unique experiences to viewers.
MetaFilm3 Fest: A Virtual Streaming Event
This year’s summit will also feature MetaFilm3 Fest, a sister event that will take place entirely online. Powered by Theta, a decentralized protocol for video streaming, MetaFilm3 aims to be a Netflix-like pop-up streaming event accessible to global audiences. The virtual fest, launching on October 27, will showcase multiple panels, world premieres of films, and the debut of blockchain-backed platforms. Attendees can securely stream films using NFT passes developed by Theta for $30 each.
Hot Take: Blockchain Revolutionizing the Film Industry
The Film3 Summit and MetaFilm3 Fest represent significant steps toward revolutionizing the film industry through blockchain technology. By embracing decentralized tools and empowering creators, Film3 aims to create a more equitable and financially viable landscape for film production and distribution. The events provide a platform for education, collaboration, and the exploration of new avenues in entertainment. As blockchain continues to disrupt traditional industries, Film3 is at the forefront of driving change and innovation in the world of filmmaking.
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