We are in the midst of a jaw-dropping “crypto winter.” A massive chill fills the Web3 air. Non-fungible token (Nft) sales have dropped a shocking 97 since the beginning of the year. The much-trumpeted promise of NFTs transforming media and entertainment artist/fan and creator/audience relationships is in tatters. Shattered. Doa. Right? Wrong.
NFTs continue to present a transformational mass market opportunity for Hollywood, the music industry, and all artists and creators long-term. We are still only in the early innings — just stepping up to the plate, really. This will take time, but it’s happening.
Let’s take Hollywood first
Fox Television — the sole major studio without a Netflix-like direct-to-consumer paid subscription streaming service — earmarked 100 million months ago to develop Nft-fueled programming. Its first major project is the new animated series “Krapopolis” from the creative mind of Dan Harmon, co-creator of “Community.” Nft buyers will get exclusive token-gated access and private screenings,...
NFTs continue to present a transformational mass market opportunity for Hollywood, the music industry, and all artists and creators long-term. We are still only in the early innings — just stepping up to the plate, really. This will take time, but it’s happening.
Let’s take Hollywood first
Fox Television — the sole major studio without a Netflix-like direct-to-consumer paid subscription streaming service — earmarked 100 million months ago to develop Nft-fueled programming. Its first major project is the new animated series “Krapopolis” from the creative mind of Dan Harmon, co-creator of “Community.” Nft buyers will get exclusive token-gated access and private screenings,...
- 10/4/2022
- by Peter Csathy
- The Wrap
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