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 018: Don't Only Hire a DP because they own a RED Camera!

IFH 018: Don't Only Hire a DP because they own a RED Camera!

Now before I get a bunch of hate mail please let me explain. I love cinematographers. You can;t make a movie without on. It's by far one of the toughest positions on set. The pressure is immense.With that said the explosion of low cost cameras and lighting gear has thrown a huge amount of "cinematographers" into the market place.This podcast is a warning to young and inexperienced filmmakers not to hire not just a director of photography but any top level crew member  solely because they on some of the latest gear.This advice also goes for sound department, editorial, lighting, visual effects and definitely color grading. When hiring any top level positions in a film production it should be based on resume, demo reel, or reputation.All I'm saying is don't hire a crew member just because of the gear he or she owns. You'll thank me. Take a listen to this episode to hear my horror story that cost me over $50,000. OUCH!Get Social with Indie Film Hustle:Facebook: Indie Film HustleTwitter: @indiefilmhustle Instagram: @ifilmhustleYouTube: Indie Film Hustle TVPodcast: IFH PodcasBecome a supporter of this podcast: https://www.spreaker.com/podcast/indie-film-hustle-a-filmmaking-podcast--2664729/support.

27 Loka 201513min

IFH 017: Indie Film Distribution on VOD with Linda Nelson

IFH 017: Indie Film Distribution on VOD with Linda Nelson

The world of film distribution is filled with unknown land mines. Even more mysterious is how an indie filmmaker can get their film placed on these elusive VOD or Video on Demand platforms?That's where this episode comes in, we have video on demand expert Linda Nelson from Indie Film Rights, the film distribution arm of Nelson Madison Films. Linda walks us through the maze of VOD and film distribution options and explains what it takes to get your film placed in the potentially very lucrative platforms.Get Social with Indie Film Hustle:Facebook: Indie Film HustleTwitter: @indiefilmhustle Instagram: @ifilmhustleYouTube: Indie Film Hustle TVPodcast: IFH PodcasBecome a supporter of this podcast: https://www.spreaker.com/podcast/indie-film-hustle-a-filmmaking-podcast--2664729/support.

22 Loka 20151h 12min

IFH 016: Getting Attention from Influencers – My Roger Ebert Story

IFH 016: Getting Attention from Influencers – My Roger Ebert Story

I always get asked by indie filmmakers:“How do I get attention for my indie film?”This is one of the major challenges facing indie filmmakers/entrepreneurs in today’s noisy independent film landscape. One fast way is to get an “influencer” to focus a little light onto you or your project.Now this is much easier said than done. When I promote my projects I approach every online indie film influencer I can.This includes indie film sites, niche sites (around your subject matter), industry news outlets, film magazines, movie fan websites, film festivals, podcasters, conventions, and movie reviewers.In this podcast I tell the story of how the legendary film critic Roger Ebert was so amazingly kind to a young filmmaker.Get Social with Indie Film Hustle:Facebook: Indie Film HustleTwitter: @indiefilmhustle Instagram: @ifilmhustleYouTube: Indie Film Hustle TVPodcast: IFH PodcastBecome a supporter of this podcast: https://www.spreaker.com/podcast/indie-film-hustle-a-filmmaking-podcast--2664729/support.

20 Loka 201511min

IFH 015: Selling Your Film at the American Film Market with Ben Yennie

IFH 015: Selling Your Film at the American Film Market with Ben Yennie

If you have ever looked into selling your film at a film market then you more than likely have heard of the North America's largest film market, AFM or the American Film Market.The American Film Market is a labyrinth of crazy characters, thieves, wannabes, filmmakers hustling their latest film, distributors, industry professionals and of course buyers and sellers from around the globe.My guest this week is Ben Yennie who has written the only real guide to this carnival called "The Guerilla Rep: American Film Market Distribution Success on No Budget." You should not go to the American Film Market or any film market for that matter without reading this book.Get Social with Indie Film Hustle:Facebook: Indie Film HustleTwitter: @indiefilmhustle Instagram: @ifilmhustleYouTube: Indie Film Hustle TVPodcast: IFH PodcastBecome a supporter of this podcast: https://www.spreaker.com/podcast/indie-film-hustle-a-filmmaking-podcast--2664729/support.

15 Loka 20151h 6min

IFH 014: Post Production Workflow - Understand it or DIE!

IFH 014: Post Production Workflow - Understand it or DIE!

I know I'm being a bit dramatic when I say "Understand Post Production Workflow or DIE!" but I've seen and been involved with sooooooo many independent films that just die in post production because of one simple thing, they didn't understand post production workflow.Post Production Workflow is not a black art that only a few understand, granted it is getting more and more complicated these days but you as a indie filmmaker can still understand the basics.Get Social with Indie Film Hustle:Facebook: Indie Film HustleTwitter: @indiefilmhustle Instagram: @ifilmhustleYouTube: Indie Film Hustle TVPodcast: IFH PodcastBecome a supporter of this podcast: https://www.spreaker.com/podcast/indie-film-hustle-a-filmmaking-podcast--2664729/support.

12 Loka 201516min

IFH 013: Inside the Edit with Paddy Bird

IFH 013: Inside the Edit with Paddy Bird

I've been an editor now for over twenty years. When I was starting out I looked everywhere for some course, book, video, or anything that could teach me the black art of creative editing. There are many courses design to teach you AVID, Adobe Premiere or Final Cut Pro software but nothing on the creative process.One day I was surfing the net and found this site called "Inside the Edit." The site was boasting the it was the world's first "creative editing course," which I found very hard to believe. I took the course for a test ride and OH MY GOD, they did it, they cracked the code.LINKS AND RESOURCES MENTIONED IN THIS EPISODEInside the Edit - 10% OFF email: IFHDISCOUNT@insidetheedit.comInside the EditBlackmagic Design DaVinci Resolve Software for Mac/Win/LinuxAdobe Premiere Pro CCFinal Cut Pro XFreeFilmBook.com (Your FREE Audio Book)Six Secrets to get into Film Festivals for FREE!Get Social with Indie Film Hustle:Facebook: Indie Film HustleTwitter: @indiefilmhustle Instagram: @ifilmhustleYouTube: Indie Film Hustle TVPodcast: IFH PodcastBecome a supporter of this podcast: https://www.spreaker.com/podcast/indie-film-hustle-a-filmmaking-podcast--2664729/support.

8 Loka 20151h 30min

IFH 012: How to Turn Your Independent Film into a Business

IFH 012: How to Turn Your Independent Film into a Business

How to Turn Your Independent Film into a Money Making BusinessSo many independent film creators just want to think of themselves as artists. That's fine but it's called show business for a reason. If you don't understand the business you won't be able to create the show.In this episode I share with you what it takes to change your mindset and start thinking of your independent film not just as a precious piece of art but to also think of it as a product that needs to do well in the marketplace in order for you as the filmmaker to continue putting on that show!LINKS AND RESOURCES MENTIONED IN THIS EPISODEFreeFilmBook.com (Your FREE Audio Book)Six Secrets to get into Film Festivals for FREE!Action Items:Subscribe to the Podcast on iTunes,  Stitcher or via RSS.If you like this show take a listen to Dov Simens Interview:America's Greatest and Quentin's Tarantino's Film TeacherEnjoyed this blog post? Please share it in your social networks (Facebook, Twitter, email etc) by using social media buttons at the side or bottom of the blog. Or post to your blog and anywhere else you feel it would be a good fit. Thanks.I welcome thoughts and remarks on ANY of the content above in the comments section below...Get Social with Indie Film Hustle:Facebook: Indie Film HustleTwitter: @indiefilmhustle Instagram: @ifilmhustleYouTube: Indie Film Hustle TVPodcast: IFH PodcastBecome a supporter of this podcast: https://www.spreaker.com/podcast/indie-film-hustle-a-filmmaking-podcast--2664729/support.

6 Loka 201512min

IFH 011: Suzanne Lyons Pt 2: How to Produce Your First Feature Film

IFH 011: Suzanne Lyons Pt 2: How to Produce Your First Feature Film

Here's Part Two of my interview with Suzanne Lyons. This week on the show I'm excited to have uber independent film producer Suzanne Lyons. She has been living in the indie film space for over twenty years. Working on SAG Ultra Low Budgets to over $15,000,000 budgets she has seen it all.Suzanne Lyons takes you by the hand and walks you through what it takes to produce your first feature film. She goes over the pitfalls, legal concerns, deliverables, selling to foreign countries and most importantly of all how she gets her financing for her feature films.She laid out such amazing information that I had to break the episode up into two parts. I spoke at one of her famous indie film producing workshop and learned a ton while I was there. Suzanne Lyons also wrote an amazing book called Indie Film Producing: The Craft of Low Budget Filmmaking. I suggest you all pick it up. It's better than film school!LINKS AND RESOURCES MENTIONED IN THIS EPISODE:Suzanne Lyons IMDBSuzanne Lyons Production CompanyIndie Film Producing: The Craft of Low Budget FilmmakingFreeFilmBook.com (Your FREE Audio Book)Six Secrets to get into Film Festivals for FREE!Become a supporter of this podcast: https://www.spreaker.com/podcast/indie-film-hustle-a-filmmaking-podcast--2664729/support.

29 Syys 201551min

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