BONUS EPISODE: The Complete Guide to NFT in Independent Film (and How to Make Money)

BONUS EPISODE: The Complete Guide to NFT in Independent Film (and How to Make Money)

So today we are going to go down the rabbit hole of NFTs. What the heck is an NFT. It is a Non Fungible Token. Basically, an NFT is a completely original digital file or a digital collectable which is registered on a blockchain ledger just like any cryptocurrency. But unlike cryptocurrency, like Bitcoin or Ethereum, an NFT is totally unique and because it lives on the blockchain it verifies who is the rightful owner of this one-of-a-kind digital collectable file.

In February 2021, digital artist Peebles sold a digital artwork for $69.3 million at auction. You heard correctly almost $70 million for a digital file. The founder of Twitter, Jack Dorsey, sold his very first tweet as an NFT for $2.9 million.

It took me a minute to understand what these things were and then it clicked. NFTs are digital baseball cards, comic books, Garbage Pail Kids or Pokemon cards. They are just a digital version and in many ways better because you know exactly how many copies exist.

The NBA is sell "moments" as NFTs through NBA Top Shots. Basically, they are selling highlight clips as NFT and they are killing it. Fans of the NBA are gobbling these NFTs as fast as they are released. I really think there is now one doing NFTs better than the NBA right now.

Musicians are having amazing success selling NFTs directly to their fans. This is turning the established music industry on its head. NFTs are essentially killing off the middle man. No more label, just a direct relationship with the artist's fans.

The other amazing thin about NFTs is that the artist continues to make money on every sale of the NFT forever. Let me explain. When an artist creates a NFT by minting it. Minting is the process of create the digital file (NFT) and placing it on the blockchain. The artist then sets the residual percentage every time the NFT sells.

So if I mint a short film and sell it for $500. I get $500. Now, if the new owner sells it 2 years from now for $10,000 I get 10% of that sale. Every time that NFT is resold I get my cut. All transactions transparent. All on the blockchain.

So how can filmmakers make money? There are so many options because NFTs are in their infancy. Everyone is trying to figure out how to use them in indie film. Some ideas are:

Selling the distribution rights to the entire film, like Kevin Smith is doing with is latest film Killjoy
Selling the distribution rights to your film in shares like the indie film Lotawana
Create an NFT to a short film to finance it
Sell NFT collectables from the film
Fund raise your film's budget with NFTs

These are just some ideas. I decide to throw my hat in the ring and created an experiment. I minted a few NFTs for my first short film BROKEN and some "legacy NFTs" of the first ever filmmaking tutorials ever uploaded to YouTube. Here is the description of one of the NFTs.

This NFT is called Muzzle Flash Breakdown and is one of the first filmmaking tutorials to ever be uploaded to YouTube. It was uploaded on August 28, 2006 by filmmaker, author and Indie Film Hustle Podcast host Alex Ferrari from his 2005 award-winning short film BROKEN.

It was taken from the best-selling DVD of the film. That DVD was one of the first indie short films to ever create a massive collection of tutorials and making of videos that explained how to make a low-budget independent film with off-the-shelf software and digital consumer cameras.

This is part of a limited series of filmmaking tutorials that were uploaded to YouTube from the short film BROKEN. All the videos were uploaded and released on the same day in 2006. The external link attached to this NFT will show the original upload to YouTube.

Link: https://www.youtube.com/watch?v=yFPoBZY5BrA

When you purchase this NFT you will also gain access to the short film BROKEN, the entire collection of tutorials and commentary tracks via private link and passcode. You will also receive the original QuickTime file that was uploaded to YouTube.

To access my NFTs go to: www.ifhnft.com

I released three of 6 of the total filmmaking tutorials I uploaded on YouTune back in Aug 2006. If these sell out I'll upload the rest and maybe some of my other popular short films I directed over the years. I wanted to give you an example of what an independent film NFT looked like and this is totally an experiment to see what happens.

Maybe I'll never sell an NFT, maybe I sell them three years from now or maybe they will sell out in 15 min. Who knows. What I am excited about is the potential of what this could mean for the indie filmmaking community.

In this episode I break down everything you need to know about NFTs, how to make money with them and more. Enjoy!

Become a supporter of this podcast: https://www.spreaker.com/podcast/indie-film-hustle-a-filmmaking-podcast--2664729/support.

Jaksot(979)

IFH 036: How to Direct Actors with Nina Foch

IFH 036: How to Direct Actors with Nina Foch

Have you been confused and frustrated when directing actors? I think every director and actor has been frustrated with each other at one or more points in there career but don't worry Nina Foch is here to help. I'll get to who she is in a moment.For a filmmaker, directing actors can be a daunting task. Actors seem to have a language of their own which us directors have a very hard time understanding. For those masters like Steven Spielberg, Quentin Tarantino, and Martin Scorsese, directing actors is second nature.They are able to understand the language of the actor. They are able to make a scene come alive. No matter how well a scene is written, if the direct can not communicate with his or her actors then all is lost.What to do? Enter Nina Foch, the legendary film teacher from the gold standard of film schools, USC School of Cinematic Arts. As I was looking for filmmaking courses on-line I came across this gem of a course that I couldn't believe was available to us mere indie film mortals. A master class from USC School of Cinematic Arts called Directing the Actor by Nina Foch. Become a supporter of this podcast: https://www.spreaker.com/podcast/indie-film-hustle-a-filmmaking-podcast--2664729/support.

29 Joulu 201511min

IFH 035: What Happens After You Win the SXSW Film Festival with Brant Sersen

IFH 035: What Happens After You Win the SXSW Film Festival with Brant Sersen

Have you always wonder what happens to indie filmmakers  who win HUGE film festivals like the SXSW Film Festival? Well wonder no more.I've invited one of my oldest friends onto the show, Brant Sersen, the writer and director of the SXSW Audience Award winning film "Blackballed: The Bobby Dukes Story" staring Rob Corddry.Some other films he's directed are Release, Splinterheads, and Sanatorium.Over the years I've heard Brant tell me all sorts of stories about his misadventures in Hollywood. So if you are expecting a "Entourage" style story you're on the wrong website.What I try to do with Indie Film Hustle is to give you the no BS info, stories and experiences you can only get by being in the heat of battle. Brant Sersen's story is no different.Take a listen...Become a supporter of this podcast: https://www.spreaker.com/podcast/indie-film-hustle-a-filmmaking-podcast--2664729/support.

24 Joulu 20151h 3min

IFH 034: VFX Supervisor: Their Role & How They Can Help Your Film

IFH 034: VFX Supervisor: Their Role & How They Can Help Your Film

How can a VFX Supervisor make your indie film's VFX shine? I've been a VFX Supervisor on multiple feature films, shorts, commercial and music videos. My job was to get the shots the director wanted done at a high standard and on budget.I've seen many independent films come through my doors at Numb Robot with VFX dreams in their eye but also with no understanding or budget on how to achieve them, that where a good VFX Supervisor comes in.In this episode I breakdown what a VFX Supervisor does and also the things indie filmmakers need to understand before creating Jurassic World in their backyard.Become a supporter of this podcast: https://www.spreaker.com/podcast/indie-film-hustle-a-filmmaking-podcast--2664729/support.

22 Joulu 201518min

IFH 032: How a Post Production Supervisor Can Save Your Butt!

IFH 032: How a Post Production Supervisor Can Save Your Butt!

So how can a Post Production Supervisor save your butt? Well I've been a Post Production Supervisor for over 15 years and have seen a lot of indie filmmakers get beaten up, taken advantage of and just plain ripped off in the post production process.In short the Post Production Supervisor is there to protect the film or project from going over budget, ripped off and making sure everything is done on time and budget. Here is the official definition of a Post Production Supervisor:Post Production Supervisors are responsible for the post production process, during which they maintain clarity of information and good channels of communication between the producer, editor, supervising sound editor, the facilities companies (such as film labs, CGI studios and negative cutters) and the production accountant. The Post Production Supervisor has a pivotal role in ensuring that the film's post production budget is manageable and doable, and that all deadlines are met. Take a listen!Become a supporter of this podcast: https://www.spreaker.com/podcast/indie-film-hustle-a-filmmaking-podcast--2664729/support.

15 Joulu 201513min

IFH 031: How to Make a Good Script Great with Linda Seger

IFH 031: How to Make a Good Script Great with Linda Seger

Linda Seger is a legend when it comes to screenwriting coaching and script consultanting. She's been couching for over 30 years and pretty much invented the job title. After reading her best selling book, "Making A Good Script Great" I had to have her on the show.She's  best known for her method of analyzing movie scripts, which she originally developed as her graduate school dissertation on "What Makes a Great Script." She founded the script consulting industry, becoming the first entrepreneur who saw script consulting as a business, rather than an offshoot of seminars or books.Linda Seger has consulted on over 2000 screenplays and over 100 produced films and television shows including Universal Soldier, The Neverending Story II, Luther, The Bridge (miniseries,) etc.Take a listen to this master class on screenwriting with Linda Seger and get ready to take notes!Become a supporter of this podcast: https://www.spreaker.com/podcast/indie-film-hustle-a-filmmaking-podcast--2664729/support.

10 Joulu 20151h 5min

IFH 030: How to Make a Music Video

IFH 030: How to Make a Music Video

So you want to make music videos. Want to follow in the foot steps of David Fincher, Mark Romanek and Spike Jonez? It's not a bad plan at all. Many filmmakers start off in music videos. It's a great place to get experience, learn the tools and experiment.I've directed a few music videos in my day and have worked in some capacity on hundreds over the years. I wanted to do an episode where I breakdown my process for making a music video. The music video in question is for the band Ozomatli and the stand up comic Gabriel Iglesias aka Fluffy.Gab and I have done a few projects together over the years, two of which were music videos, Hey It's Fluffy and Stand Up Revolution.I had an absolute ball shooting both. Today we will be dissecting Stand Up Revolution, which was for his Comedy Central show "Gabriel Iglesias Presents: Stand-Up Revolution." It was a large production for me and I learn a ton.Take a listen!Become a supporter of this podcast: https://www.spreaker.com/podcast/indie-film-hustle-a-filmmaking-podcast--2664729/support.

8 Joulu 201521min

IFH 029: Blueprint to Make it in the Film Business with Richard "RB" Botto from Stage 32

IFH 029: Blueprint to Make it in the Film Business with Richard "RB" Botto from Stage 32

Blueprint to Make it in the Film Business with Stage 32Have you ever wanted an easy blueprint to make it in the film business? I know I have. Well you are in for a treat. I had an amazing interview with Richard "RB" Botto from the online film community Stage 32.com.Stage 32 is a US-based social network and educational site for creative professionals who work in film, television and theater. Stage 32 links professionals in the entertainment industry including directors, writers, actors and entertainment staff.It caters to film industry professionals with featured bloggers, online education taught by industry professionals, news from Hollywood and filming locations around the world, Stage 32 meetups page, an online lounge and a film business jobs page that allows members to connect with others on film ventures, along with standard social media functions.Become a supporter of this podcast: https://www.spreaker.com/podcast/indie-film-hustle-a-filmmaking-podcast--2664729/support.

3 Joulu 20151h 46min

IFH 028: How Quentin Tarantino is Keeping Film Alive w/ The Hateful Eight

IFH 028: How Quentin Tarantino is Keeping Film Alive w/ The Hateful Eight

Ah, the good ol' digital vs film debate. Well you won't get any of that in the article or podcast. With Quentin Tarantino's The Hateful Eight coming out Dec 25, 2015, and it being shot in "Glorious 70mm," there has been a lot of chatter about film again.With filmmakers like Christopher Nolan shooting 35mm and IMAX on his latest film and JJ Abrams shooting Star Wars: The Force Awakens in 35 mm, film seems to still be an art form that many filmmakers are not ready to let go of just yet.What Quentin Tarantino has done with The Hateful Eight is unique. He has brought back to life the Ultra Panavision 70 technique along with anamorphic 65mm lenses that haven't been seen since the 60's.Here are some specs:Camera: Panavision 65 HR Camera and Panavision Panaflex System 65 StudioLenses: Panavision APO PanatarFilm Stock 65mm: Kodak Vision3 200T 5213, Vision3 500T 5219Aspect Ratio: 2.75:1Listen to the episode for the rest.Become a supporter of this podcast: https://www.spreaker.com/podcast/indie-film-hustle-a-filmmaking-podcast--2664729/support.

1 Joulu 201520min

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