Post by ropum56 on Mar 3, 2023 4:25:28 GMT -8
Within the film-industry, NFTs most importantly offer the ability to tokenize movie-scenes and sell them as collectibles in the form of NFTs.[83] In the music-industry artists are able to gain more control over their artwork without interference by third-parties by using NFTs.[84] Artists involved in one of or both segments of the entertainment-industry can use NFTs in order to make sure that they will receive royalties, to minimize both the financial impact as well as the relevance of pirated copies of their artworks as well as in order to engage in their art-form without influence by music-labels, film-studios or any other third-parties.[85] So far, NFTs have often been used in both the music- as well as the film-industry.
In May 2018, 20th Century Fox partnered with Atom Tickets and released limited-edition Deadpool 2 digital posters to promote the film. They were available from OpenSea and the GFT exchange.[86]
In March 2021 Adam Benzine's 2015 documentary Claude Lanzmann: Spectres of the Shoah became the first motion picture and documentary film to be auctioned as an NFT.[87]
Apart from these two examples there have been several other cases of NFTs being used in the film-industry. This includes, among other examples, the announcement about the release of an exclusive collection of NFT-artworks for Godzilla vs. Kong[88] as well as Kevin Smith announcing in April 2021 the release of his horror-movie KillRoy Was Here as an NFT. The 2021 film Zero Contact, directed by Rick Dugdale and starring Anthony Hopkins, was also released as an NFT.[89]
In April 2021, an NFT associated with the score of the movie Triumph, composed by Gregg Leonard, was the first NFT minted for a feature film score.[90]
In November 2021, film director Quentin Tarantino released seven NFTs based on uncut scenes of Pulp Fiction. Miramax subsequently filed a lawsuit claiming that their film rights were violated and that the original 1993 contract with Tarantino gave them the right to mint NFTs in relation to Pulp Fiction.[91]
By February 2021 NFTs accounted for US$25 million of revenue generated through the sale of artwork and songs as NFTs.[92] This trend has continued ever since in different degrees depending on the state of the market at the time, accounting for millions of Dollars monthly.[93] On February 28, 2021, for example, electronic dance musician 3LAU sold a collection of 33 NFTs for a total of US$11.7 million to commemorate the three-year anniversary of his Ultraviolet album.[94][95] On March 3, 2021, an NFT was made to promote the Kings of Leon album When You See Yourself.[96][97][98] Other musicians who have used NFTs include American rapper Lil Pump,[99][100][101] Grimes,[102] visual artist Shepard Fairey in collaboration with record producer Mike Dean,[103] and rapper Eminem.[104]
A paper presented at the 40th International Conference on Information Systems in Munich in 2019 suggested using NFTs as tickets for different types of events.[105] This would enable organizers of the respective events or artists performing there to receive royalties on the resale of each ticket.[106]
Other associated files
A number of internet memes have been associated with NFTs, which were minted and sold by their creators or by their subjects.[107] Examples include Doge, an image of a Shiba Inu dog,[108] as well as Charlie Bit My Finger,[109] Nyan Cat[110][111] and Disaster Girl.[112]
Some virtual worlds, often marketed as metaverses, have incorporated NFTs as a means of trading virtual items and virtual real estate.[113]
Some pornographic works have been sold as NFTs, though hostility from NFT marketplaces towards pornographic material has presented significant drawbacks for creators.[114][115] By using NFTs people engaged in this area of the entertainment-industry are able to publish their works without third-party platforms being able to delete them.[116]
The first credited political protest NFT ("Destruction of Nazi Monument Symbolizing Contemporary Lithuania") was a video filmed by Professor Stanislovas Tomas on April 8, 2019, and minted on March 29, 2021. In the video, Tomas uses a sledgehammer to destroy a state-sponsored Lithuanian plaque located on the Lithuanian Academy of Sciences honoring Nazi war criminal Jonas Noreika.[117]
In 2020, CryptoKitties developer Dapper Labs released the NBA TopShot project, which allowed the purchase of NFTs linked to basketball highlights.[118] The project was built on top of the Flow blockchain.[119]
In March 2021 an NFT of Twitter founder Jack Dorsey's first-ever tweet sold for $2.9 million. The same NFT was listed for sale in 2022 at $48 million, but only achieved a top bid of $280.[120]
On December 15, 2022, former President of the United States Donald Trump announced a line of NFTs featuring art of himself for $99 each.[121]
In May 2018, 20th Century Fox partnered with Atom Tickets and released limited-edition Deadpool 2 digital posters to promote the film. They were available from OpenSea and the GFT exchange.[86]
In March 2021 Adam Benzine's 2015 documentary Claude Lanzmann: Spectres of the Shoah became the first motion picture and documentary film to be auctioned as an NFT.[87]
Apart from these two examples there have been several other cases of NFTs being used in the film-industry. This includes, among other examples, the announcement about the release of an exclusive collection of NFT-artworks for Godzilla vs. Kong[88] as well as Kevin Smith announcing in April 2021 the release of his horror-movie KillRoy Was Here as an NFT. The 2021 film Zero Contact, directed by Rick Dugdale and starring Anthony Hopkins, was also released as an NFT.[89]
In April 2021, an NFT associated with the score of the movie Triumph, composed by Gregg Leonard, was the first NFT minted for a feature film score.[90]
In November 2021, film director Quentin Tarantino released seven NFTs based on uncut scenes of Pulp Fiction. Miramax subsequently filed a lawsuit claiming that their film rights were violated and that the original 1993 contract with Tarantino gave them the right to mint NFTs in relation to Pulp Fiction.[91]
By February 2021 NFTs accounted for US$25 million of revenue generated through the sale of artwork and songs as NFTs.[92] This trend has continued ever since in different degrees depending on the state of the market at the time, accounting for millions of Dollars monthly.[93] On February 28, 2021, for example, electronic dance musician 3LAU sold a collection of 33 NFTs for a total of US$11.7 million to commemorate the three-year anniversary of his Ultraviolet album.[94][95] On March 3, 2021, an NFT was made to promote the Kings of Leon album When You See Yourself.[96][97][98] Other musicians who have used NFTs include American rapper Lil Pump,[99][100][101] Grimes,[102] visual artist Shepard Fairey in collaboration with record producer Mike Dean,[103] and rapper Eminem.[104]
A paper presented at the 40th International Conference on Information Systems in Munich in 2019 suggested using NFTs as tickets for different types of events.[105] This would enable organizers of the respective events or artists performing there to receive royalties on the resale of each ticket.[106]
Other associated files
A number of internet memes have been associated with NFTs, which were minted and sold by their creators or by their subjects.[107] Examples include Doge, an image of a Shiba Inu dog,[108] as well as Charlie Bit My Finger,[109] Nyan Cat[110][111] and Disaster Girl.[112]
Some virtual worlds, often marketed as metaverses, have incorporated NFTs as a means of trading virtual items and virtual real estate.[113]
Some pornographic works have been sold as NFTs, though hostility from NFT marketplaces towards pornographic material has presented significant drawbacks for creators.[114][115] By using NFTs people engaged in this area of the entertainment-industry are able to publish their works without third-party platforms being able to delete them.[116]
The first credited political protest NFT ("Destruction of Nazi Monument Symbolizing Contemporary Lithuania") was a video filmed by Professor Stanislovas Tomas on April 8, 2019, and minted on March 29, 2021. In the video, Tomas uses a sledgehammer to destroy a state-sponsored Lithuanian plaque located on the Lithuanian Academy of Sciences honoring Nazi war criminal Jonas Noreika.[117]
In 2020, CryptoKitties developer Dapper Labs released the NBA TopShot project, which allowed the purchase of NFTs linked to basketball highlights.[118] The project was built on top of the Flow blockchain.[119]
In March 2021 an NFT of Twitter founder Jack Dorsey's first-ever tweet sold for $2.9 million. The same NFT was listed for sale in 2022 at $48 million, but only achieved a top bid of $280.[120]
On December 15, 2022, former President of the United States Donald Trump announced a line of NFTs featuring art of himself for $99 each.[121]