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(978)

MONDAY MOTIVATION!: You Can Do This!

MONDAY MOTIVATION!: You Can Do This!

Monday Motivation! We all need a kick in the butt sometimes on our screenwriting journey. These episodes will do just that. Never stop chasing that dream and keep on hustling.Become a supporter of this podcast: https://www.spreaker.com/podcast/indie-film-hustle-a-filmmaking-podcast--2664729/support.

12 Kesä 20233min

IFH 690: Inside the Golden Age of Hollywood with George Stevens Jr.

IFH 690: Inside the Golden Age of Hollywood with George Stevens Jr.

George Stevens, Jr. has achieved an extraordinary creative legacy over a career spanning more than 60 years. He is a writer, director, producer, playwright and author. He has enriched the film and television arts as a filmmaker and is widely credited with bringing style and taste to the national television events he has conceived.As a writer, director and producer, Stevens has earned many accolades, including 15 Emmys, two Peabody Awards for Meritorious Service to Broadcasting, the Humanitas Prize and 8 awards from the Writers Guild of America, including the Paul Selvin Award for writing that embodies civil rights and liberties.In 2012 the Board of Governors of the Academy of Motion Picture Arts and Sciences voted to present Stevens with an Honorary Academy Award for “extraordinary distinction in lifetime achievement.”Stevens served for eight years as Co-chairman of the President’s Committee on the Arts and Humanities following his appointment by President Obama in 2009.Stevens is Founding Director of the American Film Institute and during his tenure, more than 10,000 irreplaceable American films were preserved and catalogued to be enjoyed by future generations. In addition, he established the AFI’s Center for Advanced Film Studies, which gained a reputation as the finest learning opportunity for young filmmakers.Stevens was executive producer of The Thin Red Line, which was nominated for seven Academy Awards, including Best Picture. He co-wrote and produced The Murder of Mary Phagan, starring Jack Lemmon, which received the Emmy for Outstanding Mini-Series.He wrote and directed Separate But Equal starring Sidney Poitier and Burt Lancaster which also won the Emmy for Outstanding Mini-Series. He produced an acclaimed feature length film about his father, George Stevens: A Filmmaker’s Journey and in 1994 produced George Stevens: D-Day to Berlin, which depicted the wartime experiences of his father – one of the most highly regarded directors of all time. In collaboration with his son and partner Michael Stevens, he produced the feature length documentary Herblock – The Black & The White on the famed political cartoonist Herbert Block for HBO.Stevens made his debut as a playwright in 2008 with Thurgood, which opened at the historic Booth Theater on Broadway. The play had an extended run starring Laurence Fishburne as Supreme Court Justice Thurgood Marshall. Fishburne received a Tony nomination and returned to the role in the summer of 2010 with runs at the Kennedy Center and the Geffen Playhouse in Los Angeles.Thurgood was filmed while at the Kennedy Center and shown on HBO in 2011.In 2006, Alfred A. Knopf published Stevens’ Conversations with the Great Moviemakers of Hollywood’s Golden Age – the first book to bring together the interviews of master moviemakers from the American Film Institute’s renowned Harold Lloyd Master Seminar Series. Conversations with the Great Moviemakers – The Next Generation was released by Knopf in April, 2012.Please enjoy my conversation with George Stevens Jr.Become a supporter of this podcast: https://www.spreaker.com/podcast/indie-film-hustle-a-filmmaking-podcast--2664729/support.

8 Kesä 20231h 1min

IFH 689: Creating Revenue Streams for Filmmakers with Pat McGowan

IFH 689: Creating Revenue Streams for Filmmakers with Pat McGowan

Pat McGowan is a longtime Film & Video Creator from Ottawa, Canada. As with many in the “biz”, his career started as a musician, moved into audio post and then into directing, producing, shooting and editing. Until recently Pat was the owner/operator of inMotion.ca, a video production company in Ottawa & Toronto. Pat has a passion for wildlife videography and can be found in the Canadian Arctic looking for Polar bears, Narwhals, and Bowhead Whales.After a successful career spanning over two decades, Pat had an epiphany, and that led to the idea and creation of BlackBox Global. He wants nothing less than to change the relationships that creators have with each other and the global market so they can have better lives. He invites his fellow film & video peeps to join BlackBox and make the world a place where creators can be free to do what they love, own the content they make, and be fairly compensated.Become a supporter of this podcast: https://www.spreaker.com/podcast/indie-film-hustle-a-filmmaking-podcast--2664729/support.

6 Kesä 20231h 17min

MONDAY MOTIVATION!: Don't Be The Desperate Filmmaker

MONDAY MOTIVATION!: Don't Be The Desperate Filmmaker

Monday Motivation! We all need a kick in the butt sometimes on our screenwriting journey. These episodes will do just that. Never stop chasing that dream and keep on hustling.Become a supporter of this podcast: https://www.spreaker.com/podcast/indie-film-hustle-a-filmmaking-podcast--2664729/support.

5 Kesä 20232min

IFH 688: What They Don't Tell Filmmakers about Making an Indie Film with Jeremy Gardener

IFH 688: What They Don't Tell Filmmakers about Making an Indie Film with Jeremy Gardener

Jeremy Gardner is an American actor, writer, and director known for his work in the independent horror film "The Battery." He wrote, directed, and starred in the movie, which was released in 2012."The Battery" is a post-apocalyptic zombie film that gained critical acclaim for its character-driven approach and low-budget yet effective storytelling. Since then, Jeremy Gardner has continued to work in the film industry, both in front of and behind the camera.Become a supporter of this podcast: https://www.spreaker.com/podcast/indie-film-hustle-a-filmmaking-podcast--2664729/support.

1 Kesä 20231h 53min

IFH 687: Skipping First-Time Screenwriting Mistakes with Naomi Beaty

IFH 687: Skipping First-Time Screenwriting Mistakes with Naomi Beaty

Today on the show we have former studio executive turned screenwriting teacher and screenplay consultant Naomi Beaty. She is essentially an on-call development partner to screenwriters, producers, and directors at all levels. From those just starting out, to those firmly established and working in the industry today.She lived and worked in L.A. for over a decade, read thousands of scripts, and worked with hundreds of writers through one-on-one consulting, creating the Idea to Outline workshop, and teaching story structure for Save the Cat. I’ve worked with producers internationally and consulted on the 2016 Raindance Film Festival “Indie Film of the Year” winner, Selling Isobel.As a former development exec-in-training at Madonna and Guy Oseary’s Maverick Films, she worked on projects like Twilight, Percy Jackson and the Lightning Thief, and The Stanford Prison Experiment.In this episode, we get into the weeds about mistakes screenwriters make and what studios are looking for.Enjoy my talk with Naomi Beaty.Become a supporter of this podcast: https://www.spreaker.com/podcast/indie-film-hustle-a-filmmaking-podcast--2664729/support.

30 Touko 202353min

MONDAY MOTIVATION!: The Art Of Breaking The Rules

MONDAY MOTIVATION!: The Art Of Breaking The Rules

Monday Motivation! We all need a kick in the butt sometimes on our screenwriting journey. These episodes will do just that. Never stop chasing that dream and keep on hustling.Become a supporter of this podcast: https://www.spreaker.com/podcast/indie-film-hustle-a-filmmaking-podcast--2664729/support.

29 Touko 20233min

IFH 686: How to Get Things Done with David Allen

IFH 686: How to Get Things Done with David Allen

David Allen is a productivity consultant and the author of the book "Getting Things Done: The Art of Stress-Free Productivity." He is widely recognized for his expertise in personal and organizational productivity and has developed the GTD (Getting Things Done) methodology.In his book, "Getting Things Done," Allen presents a system for managing and organizing tasks and projects to increase productivity and reduce stress. The GTD methodology focuses on capturing all tasks and commitments into an external system, clarifying their meaning and desired outcomes, organizing them effectively, reviewing and updating regularly, and taking appropriate actions. The book has gained significant popularity and has become a widely implemented system for personal and professional productivity.David Allen has been involved in coaching, training, and consulting with various individuals and organizations, including Fortune 500 companies and government agencies. He continues to speak and conduct workshops on productivity and personal development, sharing his insights and strategies to help individuals and teams enhance their effectiveness and achieve their goals.Become a supporter of this podcast: https://www.spreaker.com/podcast/indie-film-hustle-a-filmmaking-podcast--2664729/support.

25 Touko 202348min

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