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 680: Directing The Last Exorcism with Daniel Stamm

IFH 680: Directing The Last Exorcism with Daniel Stamm

Daniel Stamm was born and raised in Hamburg, Germany, where as a teenager he was host of a radio show and editor of a youth magazine. He toured with a theater, studied drama and published a play before he went to Belfast, Northern Ireland, as a peace worker. Two years later he returned to Germany to go to film school and study screenwriting at the Filmakademie Baden-Wuerttemberg in Ludwigsburg. He wrote a TV movie which got nominated for Germany's most prestigious media award and directed a documentary on rock musician Nick Cave.Daniel moved to Los Angeles and graduated from the American Film Institute's directing program.His thesis film got nominated for the ASC award. In the following three years he made short films, wrote songs for local singers, sat on a film festival jury in Kosovo, became a certified hypnotist and hitch-hiked across the US. In 2008 Daniel's first feature film, 'A Necessary Death', premiered at SXSW in Austin, Texas, before winning the audience award at AFI Fest later the same year. His second feature, 'The Last Exorcism', premiered at the Los Angeles Film Fest in 2010, was distributed by Lionsgate and grossed over $65million worldwide. The film and/or its actors got nominated for the People's Choice Award, two Independent Spirit Awards and an MTV Movie Award. It won an Empire Award as well as awards in Sitges and Toronto.Become a supporter of this podcast: https://www.spreaker.com/podcast/indie-film-hustle-a-filmmaking-podcast--2664729/support.

4 Mai 20231h 57min

IFH 679: Screenwriting a Multi-Million Dollar Movie Franchise with Aaron Mendelsohn

IFH 679: Screenwriting a Multi-Million Dollar Movie Franchise with Aaron Mendelsohn

Today's guest is a screenwriter, director, professor, and Secretary-Treasurer of the Writers Guild of America West Aaron Mendelsohn. He is best known for co-creating and co-writing the successful AIR BUD family film franchise, which sired eleven sequels and generated millions of dollars over the years. If you have kids then you probably already have seen an Air Bud spin-off film.Aaron has a number of projects in development including the drama pilot BAD MEDICINE with ITV America and the action-comedy ARMOR HERO with Alpha Pictures. His romantic comedy LIKE CATS & DOGS aired recently on the Hallmark Channel. He recently wrote the animated feature PRINCES for Warner Bros, the drama pilot THE ASSOCIATE for Sony, and the animated pilot HOODS for Cartoon Network.Other produced projects include the perennial ABC Family holiday movie THE 12 DATES OF CHRISTMAS, the Lifetime TV movie CHANGE OF HEART, the Fox TV series KINDRED: THE EMBRACED, the kid's TV pilot THE ADVENTURES OF TAXI DOG, the family feature THE THREE INVESTIGATORS: THE SECRET OF TERROR CASTLE, and the independent feature CHAPTER ZERO, which he also directed. Aaron has also written film and TV projects for Fox, New Line, Showtime, Paramount, the Spike Network, New Regency, Hasbro Studios, Bob Yari, Lightstorm, and Arnold Kopelson.Twenty years into a successful screenwriting career and he still loses his way in the thickets of story-breaking and script-writing. Aaron assembled The 11 Fundamental Questions: A Guide to a Better Screenplayto help guide his path, and they've been his road map ever since."This is a VERY smart way to deconstruct and demystify the job of screenwriting." – Billy Ray, Oscar-nominated screenwriter of "Captain Phillips"Starting out as a personal story-breaking method and evolving into a masterclass that Aaron has taught around the world, THE 11 FUNDAMENTAL QUESTIONS is now an ebook (newly revised and expanded for Amazon/Kindle) that shares the secrets of his successful technique. Simple and intuitive, each question in the book is strategically designed to elicit key story points, challenge lazy writing, and stimulate ideas.Wherever you are in the writing process, and whether you're writing for film, television, new media, or books, asking yourself the 11 FUNDAMENTAL QUESTIONS is a great way to enhance your creative process and sell more projects.This is a fun episode. Get ready to take some notes. Enjoy my conversation with Aaron Mendelsohn.Become a supporter of this podcast: https://www.spreaker.com/podcast/indie-film-hustle-a-filmmaking-podcast--2664729/support.

2 Mai 20231h 27min

MONDAY MOTIVATION!: Tools In The Toolbox

MONDAY MOTIVATION!: Tools In The Toolbox

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.

1 Mai 20232min

IFH 678: Inside the PIXAR Story Brain Trust with Rob Edwards

IFH 678: Inside the PIXAR Story Brain Trust with Rob Edwards

Rob Edwards has written two classic animated films for WALT DISNEY FEATURE ANIMATION, the Academy Award nominated Treasure Planet and the Academy Award and Golden Globe nominated The Princess and the Frog. He also consulted on Tangled, Wreck-it Ralph and Frozen. He penned AMULET for Warner Brother's and ANIMATED AMERICAN for Disney.Rob is currently writing projects for SHOWTIME, SONY, PARAMOUNT, and Chris Rock. Rob is also known for his work on the television shows "The Fresh Prince of Bel-Air", "Full House", "A Different World", "Roc", "In Living Color" and as the creator of "Out All Night." In 2012, Rob launched robedwards.net where he shares the tools he has developed over 30 years of writing professionally. He has taught and/or lectured for UCLA, Tisch School of the Arts at NYU, Syracuse University, Boston University, Howard University, The Organization of Black Screenwriters, CTN Expo, LMU, Digital Hollywood, The Scriptwriters Network, The Writers Store, University of California Riverside, Le Moyne College and others.Become a supporter of this podcast: https://www.spreaker.com/podcast/indie-film-hustle-a-filmmaking-podcast--2664729/support.

27 Apr 20231h 46min

IFH 677: How to Write for Television, Netflix & Hollywood with Dan Hernandez and Benji Samit

IFH 677: How to Write for Television, Netflix & Hollywood with Dan Hernandez and Benji Samit

Today on the show we have the showrunning writing duo of Dan Hernandez and Benji Samit. They are responsible for bring iconic character Pikachu to the big screen. The film starred Ryan Reynolds.Ace detective Harry Goodman goes mysteriously missing, prompting his 21-year-old son, Tim, to find out what happened. Aiding in the investigation is Harry's former Pokémon partner, wise-cracking, adorable super-sleuth Detective Pikachu. Finding that they are uniquely equipped to work together, as Tim is the only human who can talk with Pikachu, they join forces to unravel the tangled mystery.Easily one of my favorite projects they worked on is the Netflix show One Day at a Time. On that project they got to work with the television living legend Norman Lear.This comedy-drama is inspired by Norman Lear's 1975 series of the same name. This time around, the series follows the life of Penelope, a newly single Army veteran, and her Cuban-American family, as they navigate the ups and downs of life. Now a nurse, Penelope is raising two strong-willed children.When faced with challenges, Penelope turns to her "old-school" mother, and her building manager, who has become an invaluable confidant. The series offers a contemporary take on what life looks like in both good and bad times, and how loved ones can help make it all worthwhile.On television, Hernandez and Samit have written for, The Tick, Super Fun Night and 1600 Penn. They were named in Paste Magazine's list of the top 28 comedy writers of 2018. In 2019, Samit and Hernandez signed a long-term deal with 20th Century Fox Television to develop, write and produce animated and live-action seriesWe discussed how they got their big break, how they approach the craft, the world of the writer's room and much more.Enjoy my conversation with Dan Hernandez and Benji Samit.Become a supporter of this podcast: https://www.spreaker.com/podcast/indie-film-hustle-a-filmmaking-podcast--2664729/support.

25 Apr 20231h 23min

MONDAY MOTIVATION!: Fake It Till You Make It!

MONDAY MOTIVATION!: Fake It Till You Make It!

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.

24 Apr 20238min

IFH 676: Horror Filmmaking Masterclass with Danny Draven

IFH 676: Horror Filmmaking Masterclass with Danny Draven

Danny Draven is an award-winning director and producer of genre films. After receiving his film degree in Boston, he moved to Hollywood and worked his way up through the ranks until he began producing and directing sci-fi/horror films for genre studio Full Moon Pictures (Puppet Master series, Trancers) where he cut his teeth before starting his own successful production/post-production company. He has also edited over 100 feature films, including films for Lionsgate, NBC Universal's Chiller TV, SyFy Channel and a series for Lifetime Network TV.He has worked with and been mentored by Hollywood veterans such as Master of Horror Stuart Gordon (Fortress, Re-Animator), legendary cinematographer Mac Ahlberg (Beverly Hills Cop 3), executive producer Harry Bring (X-Files, Criminal Minds) and executive producer Mark Ordesky (Lord of the Rings Trilogy). He is also the author of three published books on genre filmmaking and a member of the Producers Guild of AmericaBecome a supporter of this podcast: https://www.spreaker.com/podcast/indie-film-hustle-a-filmmaking-podcast--2664729/support.

20 Apr 20232h 13min

IFH 675: Inside HBO’s Writers Room with Showrunner Daniel Knauf

IFH 675: Inside HBO’s Writers Room with Showrunner Daniel Knauf

Today's guest is writer and showrunner, Daniel Knauf. Daniel Knauf had a couple of small credits to his name—a TV movie here, a stint on Wolf Lake there—when he managed to sell the intricate Great Depression-era genre show Carnivale to HBO.The series, an intricate blend of meticulously researched period detail and secret-history fantasy, purported to tell the tale of what happened when the last two “Avatars”—superpowered beings of light and darkness—met in the United States on the eve of World War II. The series attracted a cult audience that remains devoted to this day, but a mass audience wasn’t sure what to make of the program, and HBO canceled it after two seasons, saying the show’s story was finished, in spite of Knauf’s plan for a six-season run.We go deep inside the writer's room, what it takes to be a showrunner and many of his misadventures in Hollyweird!Enjoy my conversation with Daniel Knauf.Become a supporter of this podcast: https://www.spreaker.com/podcast/indie-film-hustle-a-filmmaking-podcast--2664729/support.

18 Apr 20231h 21min

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