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!: Why Filmmaking Goals Suck?

MONDAY MOTIVATION!: Why Filmmaking Goals Suck?

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.

27 Maalis 20232min

IFH 668: Creating the Ultra-Violent World of John Wick with Derek Kolstad (CROSSOVER)

IFH 668: Creating the Ultra-Violent World of John Wick with Derek Kolstad (CROSSOVER)

Today we have a special CROSSOVER episode of the IFH Podcast. Our guest is Derek Kolstad, the genius behind the extremely successful John Wick franchise. An ex-hitman comes out of retirement to track down the gangsters that took everything from him. With New York City as his bullet-riddled playground, JOHN WICK (Keanu Reeves) is a fresh and stylized take on the "assassin genre”.He is also the screenwriter of One in the Chamber, The Package (starring Steve Austin & Dolph Lundgren). This episode is from the archives of The Make Your Movie Podcast with Dave Bullis available from the IFH Podcast Network. Dave chats with Derek about bad movies, screenwriting, the film business, and working with Keanu Reeves.I wanted to bring this amazing episode to the IFH Tribe. Get ready to dive into the ultra-violent world of Derek Kolstad.Become a supporter of this podcast: https://www.spreaker.com/podcast/indie-film-hustle-a-filmmaking-podcast--2664729/support.

23 Maalis 20231h 12min

IFH 667: From Short Film Script to Spielberg with Sacha Gervasi

IFH 667: From Short Film Script to Spielberg with Sacha Gervasi

Being a podcaster now for over 600 episodes I've heard all sorts of stories on how people make it in the film business. From Sundance darlings to blind luck. Now today's guest story is easily one of the most incredible and entertaining origin stories I've ever heard. We have on the show today award-winning director, producer, and screenwriter, Sacha Gervasi. Sacha won the screenwriter lottery with his first-ever screenplay, which was a un-produceable short film script, caught the eye of the legendary Steven Spielberg. That script, My Dinner with Herve would eventually be expanded and released in 2018 by HBO. The film stars the incomparable, Peter Dinklage. Unlike most writers/directors who go on to produce their debut films, Gervasi’s 1993 entry project wasn’t made until just three years ago.I promise you, Sacha spills every detail of the fascinating story of his encounter with Hervé Villechaize, the famous little person from shows like Fantasy Island and films like James Bond's The Man with the Golden Gun. Hervé was arguably one of the most famous people in the world in the late '70s and early 80's. Sacha sat with Herve in a marathon interview, and the connection they forge during their brief, yet impactful meet.[presto_player id=154803]After his life-changing encounter with the Fantasy Island star, which followed Hervé's abrupt and unfortunate suicide, Sacha was determined to get his story told in its entirety and justifiably. He ditched his mid-level journalism job in England and moved to Los Angeles to attend film school at UCLA after developing the script for My Dinner with Herve. While on the climb-up, Sacha wrote screenplays for The Big Tease (1999) and The Terminal (2004) which was directed by Steven Spielberg and starred Tom Hanks. The comedy-drama film grossed $219.4 million at the Box office with a $60 million budget and has become a holiday classic in the UK.Tom Hanks played an Eastern European tourist who unexpectedly finds himself stranded in JFK airport, and must take up temporary residence there because he is denied entry into the United States and at the same time is unable to return to his native country because of a military coup.In 2008, Sacha made his documentary directorial debut and executive produced Anvil! The Story of Anvil. The amazing documentary premiered at the 2008 Sundance Film Festival about a heavy metal band that never gave up on their dreams of being a successful band. Anvil was established in 1978 and became one of the most influential yet commercially unsuccessful acts with thirteen albums. The documentary ranks at 98% on Rotten Tomatoes.He also directed the 2012 film Hitchcock, a story about the relationship between Alfred Hitchcock and his wife, Alma Reville during the filming of Psycho (1969). It starred Anthony Hopkins, Helen Mirren, and Scarlet Johansson. I also interviewed Sacha and an old friend of his, Iron Maiden heavy metal band singer, Bruce Dickinson on my new podcast, Next Level Soul that you have to catch up with if you are down for more knowledge bombs and cool stories from Sacha. That episode comes out on Saturday. Here's a bit on my new podcast Next Level Soul.The Next Level Soul Podcast is a self-help & spirituality podcast that asks the big questions about living and thriving in the world today by having candid and inspiring conversations with thought leaders from every walk of life. The show covers inspirational, motivational, spiritual, health-oriented, yoga, meditation, wellness, and many more topics. New episodes of Next Level Soul air every Saturday anywhere you listen to podcasts. Let's take your SOUL to the next level.Sasha is such an interesting human being, I had such a ball talking with him. We talk about the film business, his origin stories, his screenwriting craft, what he's doing now, and so much more.Enjoy my entertaining conversation with Sacha Gervasi.Become a supporter of this podcast: https://www.spreaker.com/podcast/indie-film-hustle-a-filmmaking-podcast--2664729/support.

21 Maalis 20231h 24min

MONDAY MOTIVATION!: How To Get Over Your Filmmaking Fears

MONDAY MOTIVATION!: How To Get Over Your Filmmaking Fears

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.

20 Maalis 20232min

IFH 666: Shazam! You WON'T Believe How David F. Sandberg Created This Blockbuster Film!

IFH 666: Shazam! You WON'T Believe How David F. Sandberg Created This Blockbuster Film!

So many times we hear those mythical stories of a filmmaker who makes a short film and uploads it to YouTube in hopes of a big-time film producer sees it and comes down from Mount Hollywood and offers him or her a deal to turn that short into a studio feature. Today's guest had that happen to him and then some. On the show is writer/director David F. Sandberg.David's story is the "lottery ticket" moment I speak about so often on the show. His journey in Hollywood is remarkable, inspiring, and scary all at the same time. He created a short film called Lights Out. That short was seen by famed filmmaker and producer James Wan (Furious 7, Aquaman, The Conjuring) who offered to produce a feature film version at New Line Cinema.The feature version of the film was made for $5 million and grossed $150 million at the box office. Here's what the film is about.When Rebecca left home, she thought she left her childhood fears behind. Growing up, she was never really sure of what was and wasn’t real when the lights went out…and now her little brother, Martin, is experiencing the same unexplained and terrifying events that had once tested her sanity and threatened her safety. A frightening entity with a mysterious attachment to their mother, Sophie, has reemerged. But this time, as Rebecca gets closer to unlocking the truth, there is no denying that all their lives are in danger…once the lights go out.The film stars Teresa Palmer (“Triple 9”) as Rebecca; Gabriel Bateman (“Annabelle”) as Martin; Billy Burke (the “Twilight” franchise) as Martin’s father, Paul; Alexander DiPersia (“Forever”) as Rebecca’s boyfriend, Bret; and Maria Bello (“Prisoners”) as Sophie. After the success of Lights Out he tackled the horror prequel Annabelle Creation. That film went on to make over $300 million at the box office with a $15 million budget.Several years after the tragic death of their little girl, a dollmaker and his wife welcome a nun and several girls from a shuttered orphanage into their home, soon becoming the target of the dollmaker’s possessed creation, Annabelle.The studio Gods were pleased with David because he was offered New Line Cinema’s Shazam!, the origin story that stars Zachary Levi (TV’s “Chuck”) as the titular DC Super Hero, along with Asher Angel (TV’s “Andi Mack”) as Billy Batson, and Mark Strong (the “Kingsman” movies) in the role of Super-Villain Dr. Thaddeus Sivana. Shazam! was a box office smash.David and I discuss his days making short films, which he still makes on the side, working in the studio system, his filmmaking philosophy, how he could afford a place to stay in Los Angeles while he was in pre-production on Lights Out and what it takes to make it as a filmmaker in today's world.Enjoy my conversation with David F. Sandberg.Become a supporter of this podcast: https://www.spreaker.com/podcast/indie-film-hustle-a-filmmaking-podcast--2664729/support.

14 Maalis 20231h 13min

MONDAY MOTIVATION!: Go Make Your Movie NOW!

MONDAY MOTIVATION!: Go Make Your Movie NOW!

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.

13 Maalis 20232min

BONUS EPISODE: OSCAR WINNERS! The Daniels Breakdown How they Made Everything, Everywhere, All at Once!

BONUS EPISODE: OSCAR WINNERS! The Daniels Breakdown How they Made Everything, Everywhere, All at Once!

Daniel Kwan and Daniel Scheinert, collectively known as DANIELS, have been writing and directing together for over a decade, initially with a slew of viral music videos, commercials, and short films, then with feature films and TV directing.They've developed a reputation for combining absurdity with heartfelt personal stories. Oftentimes they incorporate a unique brand of visual effects, and visceral practical effects into their genre blending projects.They have directed music videos for Manchester Orchestra, Foster the People, and won a VMA for their video for “Turn Down For What,” which Scheinert bullied Kwan into being the lead actor in. Kwan is a really good dancer.They wrote and directed the feature film Swiss Army Man starring Paul Dano and Daniel Radcliffe, which went on to win the Directing Award at the Sundance Film Festival, received multiple nominations, and gained a large cult following.While they were writing & developing their new movie Everything Everywhere All At Once, a kung fu sci-fi dramedy starring Michelle Yeoh, Scheinert went and directed a small redneck dramedy called The Death of Dick Long, also released by A24.When an interdimensional rupture threatens to unravel reality, the fate of the world is suddenly in the hands of a most unlikely hero: Evelyn (Michelle Yeoh), an overwhelmed immigrant mother. As bizarre and bewildering dangers emerge from the many possible universes, she must learn to channel her newfound powers and fight to save her home, her family, and herself, in this big-hearted and hilarious adventure through the multiverse.They both live in Los Angeles. One of them has a son. The other has a goofy dog. But to be honest Daniel does most of the work.Become a supporter of this podcast: https://www.spreaker.com/podcast/indie-film-hustle-a-filmmaking-podcast--2664729/support.

13 Maalis 20231h 5min

IFH 665: Secrets to Working Inside the Hollywood Machine with Boaz Yakin

IFH 665: Secrets to Working Inside the Hollywood Machine with Boaz Yakin

We have for you on the show today screenwriter and director, Boaz Yakin, The writer behind The Punisher, Dirty Dancing: Havana Nights, The Rookie, & Safe and directing, The Fresh, Remember the Titans and the comedy-drama, Uptown Girl among others.Growing up in a talented theatrical family, it was only natural for Yakin to pursue a life in film or some sort of performing arts.His dad, who was a teacher at Juilliard and a theater director enrolled Boaz into the famous Stell Adler script analysis class when he was only 17 years old. Thereafter, he tried out film school at US City college, later transferred to NYU, before quitting school after his first script was auctioned and got him in the door at 19 years old.At age 22, Yakin wrote his first produced film, Marvel's The Punisher. When Frank Castle's family is murdered by criminals, he wages war on crime as a vigilante assassin known only as The Punisher.In 1990, Yakin co-wrote one of the action films of the times, The Rookie, starring star boy Charlie Sheen, and Clint Eastwood who also directed the film.But his big hit came right after, FRESH, Yakin’s directorial debut is an emotional coming of age story, that offers a realistic glimpse of the dangerous life in New York City's projects during the crack epidemic.Michael, nicknamed Fresh, is a 12-year-old kid running drugs for gangsters, notably Esteban, inspired by the chess lessons of his father, an alcoholic speed-chess master played by Samuel L. Jackson. Fresh devises and executes a brilliant plan to extricate himself and his drug-addicted sister from their hopeless lives.Next up for Boaz was directing the box-office smash. REMEMBER THE TITANS.Academy Award® winner Denzel Washington shines in REMEMBER THE TITANS. Based on real events, this remarkable story celebrates how a town torn apart by friction and mistrust comes together in triumphant harmony. After leading his team to fifteen winning seasons, beloved football coach Bill Yoast (Will Patton) is demoted and replaced by tough, opinionated Herman Boone (Washington). How these two men overcome their differences and turn a group of hostile young men into champions is a remarkable portrait of courage and perseverance. You and your family will never forget the Titans!His blockbuster smash, Now You See Me featured big industry names like Morgan Freeman, Jesse Eisenberg, Isla Fisher, Dave Franco, Mark Ruffalo, Woody Harrelson, Michael Caine, etc. The $75 million budget film grossed $351.7 dollars.The plot follows an FBI agent and an Interpol detective who track and attempt to bring to justice a team of magicians who pull off bank heists and robberies during their performances and reward their audiences with the money.Boaz continued his blockbuster ways by working on the $200 million tentpole film Prince of Persia: The Sands of Time, starring Jake Gyllenhaal.A young fugitive Prince and Princess must stop a villain who unknowingly threatens to destroy the world with a special dagger that enables the magic sand inside to reverse time.Boaz and I chatted about his creative process, the business side and political side of screenwriting and directing in Hollywood during this conversation. He was extremely raw and honest about what it really is like working inside the Hollywood machine.Enjoy this conversation with Boaz Yakin.Become a supporter of this podcast: https://www.spreaker.com/podcast/indie-film-hustle-a-filmmaking-podcast--2664729/support.

7 Maalis 20231h 25min

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