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.

Episoder(979)

IFH 698: Writing the 90 Day Screenplay with Alan Watt

IFH 698: Writing the 90 Day Screenplay with Alan Watt

Today on the show we have screenwriter and best-selling author Alan Watt. Alan Watt is the author of The 90-Day Novel, Amazon’s #1 book on writing, as well as The 90-Day Rewrite: The Process of Revision and The 90-Day Screenplay: From Concept to Polish. He runs the publishing company, The 90-Day Novel Press which has also published The 90-Day Play. Watt has written screenplays for numerous production companies and is the author of the L.A. Times bestselling novel Diamond Dogs.He has taught everyone from award-winning authors to A-list screenwriters, USC business school students, journalists, poets, actors, professional athletes, war veterans, housewives, doctors, lawyers, maximum security prisoners, television showrunners, Emmy-winning directors, and first-time writers.Many of his students have gone on to successful careers, writing New York Times and International bestsellers, appearing on Oprah, winning major literary awards, becoming top screenwriters and television show-runners, and most importantly, developing a craft and methodology that delivers consistent results.We get into the weeds on how to write a screenplay in 90 days. Enjoy my talk with Alan Watt.Become a supporter of this podcast: https://www.spreaker.com/podcast/indie-film-hustle-a-filmmaking-podcast--2664729/support.

6 Jul 20231h

IFH 697: Building a Filmmaking Brand on Youtube with Darious Britt

IFH 697: Building a Filmmaking Brand on Youtube with Darious Britt

Darious Britt is a filmmaker, YouTuber, and educator known for his work in the film and online video industry. He is popular for his YouTube channel "D4Darious," where he shares filmmaking tips, tutorials, and insights to help aspiring filmmakers improve their craft. On his channel, he covers various aspects of filmmaking, including screenwriting, cinematography, directing, and post-production.Darious Britt's approachable teaching style and informative content have earned him a significant following on YouTube, and he has become a source of inspiration and knowledge for many aspiring filmmakers and content creators. He has also collaborated with other creators and professionals in the industry to share their experiences and expertise with his audience.Become a supporter of this podcast: https://www.spreaker.com/podcast/indie-film-hustle-a-filmmaking-podcast--2664729/support.

4 Jul 20232h 33min

IFH 696: How I Wrote Birdman with Oscar® Winner Alexander Dinelaris

IFH 696: How I Wrote Birdman with Oscar® Winner Alexander Dinelaris

Alexander Dinelaris is an Academy Award and Golden Globe winning screenwriter for "Birdman (or The Unexpected Virtue of Ignorance)", a co-producer on the three time Academy Award® winning film "The Revenant", and the book writer for the Broadway musical "On Your Feet! The story of Emilio and Gloria Estefan", as well as "The Bodyguard Musical" which began on the West End and now performs worldwide.He is the screenwriter and producer of the upcoming feature film, “Jekyll & Hyde” which he is readapting for the London stage. Alexander also wrote the screenplay for "Carmen" which was directed by Benjamin Millepied and premiered at the 2022 Toronto International Film Festival.film company, Lexicon, is currently developing "State of Motion", a story by Marco Perego Saldana, written by Alexander. Lexicon is also producing "In The Summers" written by Alessandra Lacorazza and "Consurgo", which was written by Alexander.He recently teamed with Grammy winner, Residente, to write a historical film about Puerto Rico. Alexander will be making his directorial debut with a film adaptation of his play, "Still Life" in January of 2024.Please enjoy my conversation with Alexander Dinelaris.Become a supporter of this podcast: https://www.spreaker.com/podcast/indie-film-hustle-a-filmmaking-podcast--2664729/support.

29 Jun 20231h 15min

IFH 695: Writing Screenplays that Actually Sell with Lucy V. Hay

IFH 695: Writing Screenplays that Actually Sell with Lucy V. Hay

Today on the show we have Lucy V. Hay from Bang2Write. Lucy is an author and script editor, living in Devon with her husband, three children, and six cats. Lucy is the associate producer of Brit Thrillers Deviation (2012)and Assassin (2015) both starring Danny Dyer.In addition to script reading and writing her own novels, Lucy also blogs about the writing process, screenwriting, genre, careers and motivation and much more at her blog Bang2write, one of the most-hit writing sites in the UK.Enjoy my conversation with Lucy V. Hay.Become a supporter of this podcast: https://www.spreaker.com/podcast/indie-film-hustle-a-filmmaking-podcast--2664729/support.

27 Jun 20231h 6min

IFH 694: Screenwriting for Schwarzenegger & Stallone with Miles Chapman

IFH 694: Screenwriting for Schwarzenegger & Stallone with Miles Chapman

Today on the show we have Miles Chapman, the screenwriter behind the successful action franchise Escape Plan starring the legendary Sylvester Stallone. The premise was simple but great.When a structural-security authority finds himself set up and incarcerated in the world's most secret and secure prison, he has to use his skills to escape with help from the inside.Then add Sly and another legend, Arnold Schwarzenegger to the mix and you have action nirvana. Miles and I discuss how the project came to be, some extremely entertaining stories from the set and what it was like working with legends.The first Escape Plan was such a big international hit that the producers spawn off to more sequels, which Miles wrote as well.Enjoy my conversation with Miles Chapman.Become a supporter of this podcast: https://www.spreaker.com/podcast/indie-film-hustle-a-filmmaking-podcast--2664729/support.

22 Jun 20231h 9min

IFH 693: Inside Writing the Oscar Nominated Mad Max: Fury Road with Brendan McCartney

IFH 693: Inside Writing the Oscar Nominated Mad Max: Fury Road with Brendan McCartney

Brendan McCarthy studied Painting and Film at Chelsea school of Art under the celebrated British Pop Artist Patrick Caulfield.Brendan is one of the UK's most gifted graphic novelists. His ground-breaking comics of the early 80s (Strange Days, Skin, Rogan Gosh) as part of 'The British Invasion' paved the way for comics’ increasing popularity in Hollywood.He was also one of the pioneers of computer animation, creating the visuals for the 90s computer animated TV series ReBoot, the first long-form digital narrative that preceded Pixar and Dreamworks' later successes. He has spent more than 20 years working in Hollywood, and is the co-writer and a designer on Mad Max Fury Road.More recently, Brendan has created new graphic novels including Spider-Man Fever (for Marvel), Solo (for DC Comics) and Swimini Purpose, The Zaucer of Zilk and Dream Gang for independent US publishers. A best-selling retrospective collection of his classic comic book work was released last year, The Best of Milligan & McCarthy.Enjoy your journey into the mind of Brendan McCarthy.Become a supporter of this podcast: https://www.spreaker.com/podcast/indie-film-hustle-a-filmmaking-podcast--2664729/support.

20 Jun 202350min

MONDAY MOTIVATION!: Make A Living As A Filmmaker

MONDAY MOTIVATION!: Make A Living As A 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.

19 Jun 20232min

IFH 692: How I Wrote Erin Brockovich with Susannah Grant

IFH 692: How I Wrote Erin Brockovich with Susannah Grant

In the male-dominated world of Hollywood, Susannah Grant has emerged as a powerful force, breaking barriers and reshaping the landscape of screenwriting. With her unique storytelling abilities and uncompromising vision, Grant has become a trailblazer, paving the way for women in the film industry.Born on January 4, 1963, in New York City, Grant developed a passion for storytelling at a young age. She attended Amherst College, where she studied English and received her Bachelor of Arts degree. Grant's love for writing and storytelling drove her to pursue a career in screenwriting, and she enrolled in the prestigious American Film Institute in Los Angeles.Grant's breakthrough moment came in 1995 when she wrote the screenplay for the critically acclaimed film, "Pocahontas." Her heartfelt and emotionally resonant script earned her widespread recognition, including an Academy Award nomination for Best Adapted Screenplay. This achievement placed Grant in an elite category, as she became one of the few women to receive such recognition in the film industry.However, it was her work on the film "Erin Brockovich" in 2000 that solidified her position as a groundbreaking screenwriter. Grant's masterful script, based on a true story, portrayed the journey of Erin Brockovich, a determined legal assistant who takes on a corporate giant. The film, directed by Steven Soderbergh and starring Julia Roberts, became a critical and commercial success, earning Grant her second Academy Award nomination.Grant's screenwriting prowess lies in her ability to tell stories that resonate deeply with audiences. Her characters are flawed, complex, and relatable, capturing the essence of the human experience.Whether it's exploring themes of justice, resilience, or personal growth, Grant's writing delves into the core of the human condition, leaving a lasting impact on viewers.Beyond her skillful storytelling, Grant's contribution to the industry extends to her advocacy for women in film. She has been a vocal supporter of gender equality and has actively fought against the gender disparity that exists within the industry. Grant believes in creating opportunities for female filmmakers and has mentored and championed aspiring women writers, directors, and producers, encouraging them to tell their stories and make their mark in Hollywood.In addition to her screenwriting work, Grant has ventured into directing. In 2007, she made her directorial debut with the film "Catch and Release," which she also wrote. While the film received mixed reviews, it showcased Grant's versatility as a storyteller and her willingness to take creative risks.Grant's impact on the film industry cannot be overstated.Through her groundbreaking work and unwavering commitment to her craft, she has inspired a new generation of female storytellers, empowering them to shatter the glass ceiling and claim their rightful place in the world of cinema.As the landscape of Hollywood continues to evolve, Susannah Grant remains a steadfast figure, pushing boundaries, challenging conventions, and amplifying the voices of underrepresented communities. Her dedication to storytelling and advocacy serves as a guiding light, reminding us of the transformative power of cinema and the importance of diverse perspectives.In a time when the call for inclusivity and gender equality is louder than ever, Susannah Grant's legacy stands as a testament to the strength, resilience, and creativity of women in film. Through her remarkable career, she has proven that a powerful story knows no gender and that the talent and passion of women in the industry are indispensable. Susannah Grant's impact will continue to be felt for generations to come as she paves the way for a more inclusive and representative film industry.Please enjoy my conversation with Susannah Grant.Become a supporter of this podcast: https://www.spreaker.com/podcast/indie-film-hustle-a-filmmaking-podcast--2664729/support.

15 Jun 20231h 6min

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