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)

MONDAY MOTIVATION!: Dealing With Rejection

MONDAY MOTIVATION!: Dealing With Rejection

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.

17 Huhti 20233min

IFH 674: How to Always Make Money with Independent Film Godfather Roger Corman

IFH 674: How to Always Make Money with Independent Film Godfather Roger Corman

Roger William Corman was born April 5, 1926, in Detroit, Michigan. Initially following in his father's footsteps, Corman studied engineering at Stanford University but while in school, he began to lose interest in the profession and developed a growing passion for film. Upon graduation, he worked a total of three days as an engineer at US Electrical Motors, which cemented his growing realization that engineering wasn't for him. He quit and took a job as a messenger for 20th Century Fox, eventually rising to the position of story analyst.After a term spent studying modern English literature at England's Oxford University and a year spent bopping around Europe, Corman returned to the US, intent on becoming a screenwriter/producer.He sold his first script in 1953, "The House in the Sea," which was eventually filmed and released as Highway Dragnet (1954).Horrified by the disconnect between his vision for the project and the film that eventually emerged, Corman took his salary from the picture, scraped together a little capital and set himself up as a producer, turning out Monster from the Ocean Floor (1954). Corman used his next picture, The Fast and the Furious (1954), to finagle a multi-picture deal with a fledgling company called American Releasing Corp. (ARC). It would soon change its name to American-International Pictures (AIP) and with Corman as its major talent behind the camera, would become one of the most successful independent studios in cinema history.With no formal training, Corman first took to the director's chair with Five Guns West (1955) and over the next 15 years directed 53 films, mostly for AIP. He proved himself a master of quick, inexpensive productions, turning out several movies as director and/or producer in each of those years--nine movies in 1957, and nine again in 1958. His personal speed record was set with The Little Shop of Horrors (1960), which he shot in two days and a night.In the early 1960s he began to take on more ambitious projects, gaining a great deal of critical praise (and commercial success) from a series of adaptations of Edgar Allan Poe stories, most of them starring Vincent Price. His film The Intruder (1962) was a serious look at racial integration in the South, starring a very young William Shatner. Critically praised and winning a prize at the Venice Film Festival, the movie became Corman's first--and, for many years, only--commercial flop. He called its failure "the greatest disappointment in my career." As a consequence of the experience, Corman opted to avoid such direct "message" films in the future and resolved to express his social and political concerns beneath the surface of overt entertainments.Those messages became more radical as the 1960s wound to a close and after AIP began re-editing his films without his knowledge or consent, he left the company, retiring from directing to concentrate on production and distribution through his own newly formed company, New World Pictures. In addition to low-budget exploitation flicks, New World also distributed distinguished art cinema from around the world, becoming the American distributor for the films of Ingmar Bergman, Akira Kurosawa, Federico Fellini, François Truffaut and others. Selling off New World in the 1980s, Corman has continued his work through various companies in the years since--Concorde Pictures, New Horizons, Millenium Pictures, New Concorde. In 1990, after the publication of his biography "How I Made A Hundred Movies in Hollywood And Never Lost A Dime"--one of the all-time great books on filmmaking--he returned to directing but only for a single film, Frankenstein Unbound (1990)With hundreds of movies to his credit, Roger Corman is one of the most prolific producers in the history of the film medium and one of the most successful--in his nearly six decades in the business, only about a dozen of his films have failed to turn a profit. Corman has been dubbed, among other things, "The King of the Cult Film" and "The Pope of Pop Cinema" and his filmography is packed with hundreds of remarkably entertaining films in addition to dozens of genuine cult classics.Corman has displayed an unrivaled eye for talent over the years--it could almost be said that it would be easier to name the top directors, actors, writers and creators in Hollywood who DIDN'T get their start with him than those who did. Among those he mentored are Francis Ford Coppola, Ron Howard, Martin Scorsese, Jack Nicholson, James Cameron, Robert De Niro, Peter Bogdanovich, Joe Dante and Sandra Bullock. His influence on modern American cinema is almost incalculable. In 2009 he was honored with an Academy Award for Lifetime Achievement.Become a supporter of this podcast: https://www.spreaker.com/podcast/indie-film-hustle-a-filmmaking-podcast--2664729/support.

13 Huhti 202336min

IFH 673: How I Wrote Ant-Man with Joe Cornish

IFH 673: How I Wrote Ant-Man with Joe Cornish

Have you ever wondered what it is like screenwriting inside the Marvel and Studio machine? Wonder no further, today we have screenwriter and director Joe Cornish. Joe was one of the writer's on Marvel's Ant-Man. The English comedian and filmmaker burst onto the scene in 2011 with his very successful film directorial debut, Attack The Block, starring John Boyega, who played Moses, a low-level crook, teenage gang leader, an orphan looking for respect around the block. The British sci-fi comedy horror film centers on a teenage street gang who have to defend themselves and their block from predatory alien invaders on Guy Fawkes Night.Cornish and his comedy partner, Adam Buxton form the successful duo, Adam & Joe an ironic pop culture sketch show which gained a lot of success in the UK alongside Cornish’s long-term work in the UK TV entertainment industry. In 2011 he joined iconic directors, Peter Jackson and Steven Spielberg as a writer for the screenplay and story for the 3D animated action-adventure film, The Adventures of Tintin: The Secret of the Unicorn --- co-written alongside Edgar Wright and Steven Moffat.Intrepid reporter Tintin and Captain Haddock set off on a treasure hunt for a sunken ship commanded by Haddock's ancestor.This $135 million budget film grossed $374 million at the box office and received a plethora of nominations including Oscars for Best Original Score, a Golden Globe for Best Animated Feature Film, two BAFTA nominations for Best Animated Film and Best Special Visual Effects.Cornish co-wrote the screenplay for the Marvel Comic character, Ant-Man, along with Wright, Adam McKay, and Paul Rudd in 2015.Rudd, starring as Ant-Man is armed with a super-suit with the astonishing ability to shrink in scale but increase in strength, cat burglar Scott Lang must embrace his inner-hero and help his mentor, Dr. Hank Pym, plan and pull off a heist that will save the world. Similar to most Marvel Studio movies, the film carried a big budget of $169.3 million and grossed $519.3 million.His latest film, The Kid Who Would Be King (2019), which was written undirected by Cornish, joins a band of kids who embarks on an epic quest to thwart a medieval menace.Joe honestly, was extremely forthcoming and transparent about a lot of things; like what really happened behind the scenes on Ant-Man and what it's like to write inside the Marvel machine, working with filmmaking legends like Steven Spielberg and Peter Jackson. And we also discuss his craft, how he approaches screenwriting and directing, and much more.Enjoy this conversation with Joe Cornish.Become a supporter of this podcast: https://www.spreaker.com/podcast/indie-film-hustle-a-filmmaking-podcast--2664729/support.

11 Huhti 20231h 14min

IFH 672: How to Build a Paying Audience for Your Indie Film with Pat Flynn

IFH 672: How to Build a Paying Audience for Your Indie Film with Pat Flynn

Pat Flynn, the founder of Smart Passive Income (SPI), is a pioneering figure in the world of online business and digital marketing. His success story has inspired countless entrepreneurs to create their own passive income streams, and his educational resources have empowered individuals to achieve financial freedom. In this article, we will explore Pat Flynn's journey, his strategies for success, and the impact of Smart Passive Income on the digital landscape.Pat Flynn's story began in 2008 when he was laid off from his architecture job during the global financial crisis. Facing an uncertain future, Flynn decided to take matters into his own hands and started exploring ways to generate income online.He initially found success by creating a website called Green Exam Academy, which provided study materials for the LEED exam, an architecture industry certification. The site quickly gained traction, and Flynn realized the potential of passive income as he continued to earn money from the sales of his study materials even while he slept.In 2009, Flynn founded Smart Passive Income to share his experiences and teach others how to create their own online businesses. Through his blog, podcast, and various online courses, Flynn quickly became a trusted authority on digital entrepreneurship and passive income generation.Strategies for SuccessPat Flynn's success is rooted in several key strategies that he's consistently employed throughout his career. Some of these principles include:Transparency: Flynn has always been open about his successes and failures, sharing detailed income reports and case studies with his audience. This level of transparency has helped him build trust and credibility with his followers.Diversification: Flynn emphasizes the importance of diversifying income streams to protect against economic downturns or changes in consumer preferences. His own businesses reflect this, with income sources ranging from affiliate marketing and digital products to online courses and speaking engagements.Providing Value: Flynn is a firm believer in the idea that providing value to your audience is the key to long-term success. Through high-quality content and a genuine desire to help others, Flynn has cultivated a loyal following that continues to support his ventures.Continuous Learning: Flynn attributes much of his success to his commitment to learning and adapting to the ever-changing digital landscape. He regularly invests in his own education and encourages others to do the same.Over the years, Smart Passive Income has become a go-to resource for aspiring digital entrepreneurs. Pat Flynn's relatable story and clear, actionable advice have helped thousands of individuals create their own passive income streams and achieve financial independence. Flynn's influence extends beyond his website and podcast, as he has also authored books, spoken at conferences, and collaborated with other industry experts.In addition to inspiring others, Flynn's work has helped shape the digital marketing industry as a whole. His commitment to transparency and ethical marketing practices has set a standard for others to follow, fostering a more honest and authentic online business environment.Enjoy our conversation with Pat Flynn.Become a supporter of this podcast: https://www.spreaker.com/podcast/indie-film-hustle-a-filmmaking-podcast--2664729/support.

6 Huhti 202356min

IFH 671: How I Built a Blockbuster Career Off of an Indie Film with Craig Brewer

IFH 671: How I Built a Blockbuster Career Off of an Indie Film with Craig Brewer

Craig Brewer (Director/Producer) began his career as a filmmaker in Memphis, Tennessee. While working at Barnes & Noble, he learned camera and editing techniques from books he purchased with his employee discount. In 2000, he made his first feature film, THE POOR & HUNGRY, which won Best Digital Feature at the 2000 Hollywood Film Festival. Brewer’s second film, HUSTLE & FLOW, starring Terrence Howard and Taraji P. Henson, was produced by Stephanie Allain and the late John Singleton. The film premiered at the 2005 Sundance Film Festival, winning the Audience Award for Best Feature. The film secured a record-breaking acquisition deal by Paramount Pictures and MTV Films. It garnered an Academy Award nomination for lead actor Terrence Howard and won the Academy Award for Best Original Song: Three 6 Mafia’s "It’s Hard Out Here for a Pimp." Brewer’s third film, BLACK SNACK MOAN, starred Samuel L. Jackson, Christina Ricci, and Justin Timberlake. The film premiered at the 2007 Sundance Film Festival and was released in theaters by Paramount Pictures.In 2011, Brewer directed the remake of FOOTLOOSE for Paramount and produced the concert documentary KATY PERRY: PART OF ME. Moving into Television, Brewer directed the pilot to TERRIERS, which ran for one season on FX. He then re-teamed with Terrence Howard and Taraji P. Henson, directing ten episodes on their hit TV series, EMPIRE. In 2018, Brewer began his collaboration with Eddie Murphy on two films. The first, DOLEMITE IS MY NAME, based on the life of Rudy Ray Moore, won The Critic’s Choice Award for Best Comedy, an NAACP Award for Best Independent Film, and earned Eddie Murphy a Golden Globe Nomination for Best Actor.Next was the highly anticipated sequel, COMING 2 AMERICA. The film was produced by Paramount and released by Amazon Studios in 2020, becoming the most streamed movie for Amazon ever.Enjoy my conversation with Craig Brewer.Become a supporter of this podcast: https://www.spreaker.com/podcast/indie-film-hustle-a-filmmaking-podcast--2664729/support.

4 Huhti 20231h 15min

MONDAY MOTIVATION!: You Are What You Believe In

MONDAY MOTIVATION!: You Are What You Believe In

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.

3 Huhti 20234min

IFH 670: How I Made $193M Off My Micro-Budget Film with Oren Peli

IFH 670: How I Made $193M Off My Micro-Budget Film with Oren Peli

Oren Peli, an Israeli-American film producer, director, and screenwriter, is the creative genius behind the horror sensation Paranormal Activity. The movie single-handedly revolutionized the found-footage genre and spawned a successful franchise, all while being produced on a shoestring budget. In this article, we explore Peli's background, the making of Paranormal Activity, and its immense impact on the horror film industry.Oren had always been fascinated by the world of movies.After moving to the United States in his early twenties, Peli initially worked as a software programmer. However, his passion for films remained undiminished, and he soon turned his attention to filmmaking. With no prior experience, Peli embarked on an ambitious journey and created a movie that would leave a lasting impact on the horror genre.Enjoy our conversation with Oren Peli.Become a supporter of this podcast: https://www.spreaker.com/podcast/indie-film-hustle-a-filmmaking-podcast--2664729/support.

30 Maalis 20231h 37min

IFH 669: The Secrets of Story with Matt Bird

IFH 669: The Secrets of Story with Matt Bird

You’ve just boarded a plane. You’ve loaded your phone with your favorite podcasts, but before you can pop in your earbuds, disaster strikes: The guy in the next seat starts telling you all about something crazy that happened to him–in great detail. This is the unwelcome storyteller, trying to convince a reluctant audience to care about his story.We all hate that guy, right? But when you tell a story (any kind of story: a novel, a memoir, a screenplay, a stage play, a comic, or even a cover letter), you become the unwelcome storyteller.So how can you write a story that audiences will embrace?The answer is simple: Remember what it feels like to be that jaded audience. Tell the story that would win you over, even if you didn’t want to hear it.Today's guest Matt Bird can help you. He is a screenwriter and the author of the best-selling book The Secrets of Story: Innovative Tools for Perfecting Your Fiction and Captivating Readers.The Secrets of Story provides comprehensive, audience-focused strategies for becoming a master storyteller. Armed with the Ultimate Story Checklist, you can improve every aspect of your fiction writing with incisive questions like these:• Concept: Is the one-sentence description of your story uniquely appealing?• Character: Can your audience identify with your hero?• Structure and Plot: Is your story ruled by human nature?• Scene Work: Does each scene advance the plot and reveal character through emotional reactions?• Dialogue: Is your characters’ dialogue infused with distinct personality traits and speech patterns based on their lives and backgrounds?• Tone: Are you subtly setting, resetting, and upsetting expectations?• Theme: Are you using multiple ironies throughout the story to create meaning?To succeed in the world of fiction and film, you have to work on every aspect of your craft and satisfy your audience. Do both–and so much more–with The Secrets of Story.I dig into Matt's story system and breakdown the secrets of story.Enjoy my conversation with Matt Bird.Become a supporter of this podcast: https://www.spreaker.com/podcast/indie-film-hustle-a-filmmaking-podcast--2664729/support.

28 Maalis 20231h 17min

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