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(980)

BONUS EPISODE: Hollywood Directing: How to Choose the Right Lens for Your Shot

BONUS EPISODE: Hollywood Directing: How to Choose the Right Lens for Your Shot

Hollywood Directing: How to Choose the Right Lens for Your ShotOn today's episode, I wanted to give you a sneak peek of one of the best selling filmmaking courses on Udemy right now, Hollywood Film & Television Directing Masterclass with former guest and master film instructor Gil Bettman. On the show, you'll hear a lesson on how you can AMP UP your static shots by the choosing the right lenses.Enjoy!LINKS AND RESOURCES MENTIONED IN THIS EPISODEBuy This is Megon iTunesHollywood Film & Television Directing Masterclass (EXCLUSIVE 50% OFF)Indie Film Syndicate Membership - First Month FREESPONSORSDirecting Actors Master Course – (30% OFF – CODE: HUSTLE)Get Your Film on Netflix, Hulu & Amazon & Keep 100% off the Revenue - DistribberHollywood Camera Work: Mastering High-End Blocking and Staging (30% OFF – CODE: HUSTLE)Werner Herzog's Filmmaking MasterClassAaron Sorkin Screenwriting Master ClassFreeFilmBook.com (Download Your FREE Filmmaking Audio Book)KILLER RESOURCES!!!INDIE FILM SYNDICATE Filmmaking CommunityIFH's Online Film SchoolSix Secrets to get into Film Festivals for FREE!To share your thoughts:Leave a note in the comment section below.Share this show on Twitter, Facebook, or Pinterest.To help the show:Leave an honest review on iTunes. Your ratings and reviews really help and I read each one.Subscribe to the Podcast on iTunes,  Stitcher, Soundcloud or via RSSFilmmaking ResourcesFilmmaking Hacks: Filmmaking Master Course Directing Actors Film Workshop USC Film School's ONLY Online Course: Directing the Actor Become a supporter of this podcast: https://www.spreaker.com/podcast/indie-film-hustle-a-filmmaking-podcast--2664729/support.

9 Nov 20227min

IFH 631: From Horror Indies to The Revenant with Mark L. Smith

IFH 631: From Horror Indies to The Revenant with Mark L. Smith

I've spoken to many people in the film business over the years but today's guest is one of the hardest working craftsman I've had the pleasure of sitting down with. Today on the show we have screenwriter, producer and director, Mark L. Smith. If you look at his IMDB you'll see a list of 15 projects at various stages of development. He's come a long way from entering the Hollywood scene some 15 years ago with his fear-striking horror screenwriting and directorial debut, Séance in 2006.Read Mark L. Smith's ScreenplaysMark stumbled onto writing as a hobby during off-seasons at his family’s ranch where he worked after college. Self-taught, some workshops and an inventory of specs later, his path crossed Mel Gibson’s - who bought Smith’s first-ever script written in 2001.From then onwards, he’s been credited for successful writing and producing for hits like The Revenant (2015) and Overlord (2018) and The Midnight Sky which was just released in 2020, starring the incomparable, George Clooney.In Overload, a small group of American soldiers finds horror behind enemy lines on the eve of D-Day.While producing his directorial debut horror, film Séance, with friend of the show and veteran producer Suzanne Lyons, Smith was also a writer on Vacancy in 2006. You will hear more in the interview of his experience navigating the world of filmmaking on both sets, as a rookie, and the village of support he received.Vacancy follows the unfortunate adventure of a married couple who becomes stranded at an isolated motel and finds hidden video cameras in their room. They soon realize that unless they escape, they'll be the next victims of a snuff film.After Vacancy, many horror projects started to open up for Smith. He worked those for a while until it felt old and he had the urge to do something different. That's when he co-wrote the revisionist western script for The Revenant with legendary director, Alejandro Gonzalez Iñárritu.  The film was based in part on Michael Punke’s 2002 novel by the same title. You can watch the remarkable Making of documentary of The Revenant here.Starring Leonardo DiCaprio, Tom Hardy, Will Poulter, and Domhnall Gleeson, the story sets in the 1820s, where a frontiersman, Hugh Glass, sets out on a path of vengeance against those who left him for dead after a bear mauling.The twist and turns that caused delayed production of the film and its eventual success will pique your interest. The Revenant became an instant commercial and artistic success. It grossed $533 million worldwide, earned 11 Oscar nominations, 3 Golden Globe awards, and 5 BAFTA awardsMark recently wrote The Midnight Sky that released last year, starring George Clooney. It is a screen adaptation of Lily Brooks-Dalton’s novel, ‘Goodmorning, Midnight’ which is a post-apocalyptic tale that follows a lonely scientist in the Arctic, as he races to stop Sully and her fellow astronauts from returning home to a mysterious global catastrophe.I had an absolute ball speaking to Mark. He's one of the hardest working screenwriters in Hollywood. We discuss everything from The Revenant, genius-level tips on how to adapt a book to the screen to what it was like work with Quentin Tarantino on the Star Trek script that has yet to be made. If you pray, please pray to the Hollywood Gods that Mark and Quentin's Star Trek gangster film sees the light of day.Enjoy this conversation with Mark L. Smith.Become a supporter of this podcast: https://www.spreaker.com/podcast/indie-film-hustle-a-filmmaking-podcast--2664729/support.

8 Nov 20221h 26min

MONDAY MOTIVATION!: Do You Believe in Yourself?

MONDAY MOTIVATION!: Do You Believe in Yourself?

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.

7 Nov 20223min

IFH 630: The Evolution of Your Creative & Filmmaking Dream with Kyle Cease

IFH 630: The Evolution of Your Creative & Filmmaking Dream with Kyle Cease

After over 20 years of achieving what he thought were his dreams of being a headlining touring comedian and actor, Kyle Cease suddenly discovered that the belief “When something happens, I will be happy” is a complete lie. Following the calling of his heart, he decided to quit his stand-up career at its peak, and now—as a transformational comedian and New York Times bestselling author of I Hope I Screw This Up—he brings his one-of-a-kind wisdom to sold-out audiences around the world and reaches millions online.Kyle Cease has made more than 100 different TV and movie appearances, including 10 Things I Hate About You, Not Another Teen Movie, Jimmy Kimmel Live, The Late Late Show With Craig Ferguson, Chelsea Lately, The Martin Short Show, Comics Unleashed, and numerous VH1 shows. He has two #1 Comedy Central specials to his credit and, in 2009, Kyle earned the #1 ranking on Comedy Central’s Stand-up Showdown.Become a supporter of this podcast: https://www.spreaker.com/podcast/indie-film-hustle-a-filmmaking-podcast--2664729/support.

3 Nov 20221h 25min

BONUS EPISODE: David Fincher & The Art Of Cinematography With Oscar® Nominee Jeff Cronenweth

BONUS EPISODE: David Fincher & The Art Of Cinematography With Oscar® Nominee Jeff Cronenweth

Today on the show we have Oscar® nominee Jeff Cronenweth A.S.C. Cronenweth worked as a loader and 2nd assistant before graduating high school, and then enrolled in film school at USC where he studied cinematography. Among his classmates were John Schwartzman and Robert Brinkmann, as well as [director] Philip Joanou.After graduation, Cronenweth resumed working with his father, joining a core camera team that included operators John Toll and Dan Lerner, and 1st assistants Bing Sokolsky and Art Schwab.Jeff worked with father Jordan Cronenweth (cinematographer most notable for Blade Runner) as a camera loader and second assistant camera during high school, working his way up to first assistant camera and then camera operator until the mid-1990s.Moving up to first assistant, Cronenweth began working with Toll, who was just beginning his work as a cameraman, and veteran Sven Nykvist."I couldn't have learned from better people than John, Sven and my father,"Cronenweth relates."They were all soft-spoken, but very tenacious in achieving their goals. It was a great experience to watch them, learn set etiquette and see how they delegated responsibilities and dealt with producers and crews. I did six pictures with my father and eight pictures with Sven." [From American Cinematographer Magazine.]The first major motion picture where he acted as a DP was on David Fincher's masterpiece Fight Club. Other notable feature films on which he worked as a DP are One Hour Photo, K-19: The Widowmaker, Down With Love, The Social Network, Hitchcock, The Girl with the Dragon Tattoo, and Gone Girl.Enjoy my conversation with Jeff Cronenweth A.S.C.Become a supporter of this podcast: https://www.spreaker.com/podcast/indie-film-hustle-a-filmmaking-podcast--2664729/support.

2 Nov 20221h 18min

IFH 629: Watch This to Survive on a Film Set with Christine Chen

IFH 629: Watch This to Survive on a Film Set with Christine Chen

Christine Chen is an Academy qualified film producer, director and co-author of Get Reelisms. She fell in love with capturing images and telling stories through film the first time she got her hands on an early addition VHS camcorder in 1993. Christine’s love of film turned into a life-long passion for writing and directing.Christine has a B.A. from Rice University as well as a MBA from the University of Texas McCombs. Christine's films have been showcased at festivals such as Hollyshorts, New Orleans Film Festival, and Fantasia Film Festival. Christine’s recent feature, Erzulie had a limited theatrical run in May 2022 and is now available on VOD starting June 14, 2022 through Kamikaze Dogfight Films and Gravitas Ventures.Enjoy my conversation with Christine Chen.Become a supporter of this podcast: https://www.spreaker.com/podcast/indie-film-hustle-a-filmmaking-podcast--2664729/support.

1 Nov 20221h 19min

MONDAY MOTIVATION!: How to Be an Unstoppable Filmmaking Force!

MONDAY MOTIVATION!: How to Be an Unstoppable Filmmaking Force!

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.

31 Okt 20222min

IFH 628: Confessions of a Hollywood Studio Test Screener with Terrence Martin

IFH 628: Confessions of a Hollywood Studio Test Screener with Terrence Martin

Terrence Martin is known for his films Holes (2003), Get Away If You Can (2022) and The Donner Party (2009).His new film "Get Away If You Can" starring Dominique Braun, Terrence Martin and Ed Harris is about a troubled married couple hope that sailing across the open ocean might bring back the spark that's been lost between them. But, their relationship is brought to the breaking point when one refuses to explore a mysterious deserted island.Enjoy my conversation with Terrence Martin.Become a supporter of this podcast: https://www.spreaker.com/podcast/indie-film-hustle-a-filmmaking-podcast--2664729/support.

27 Okt 202259min

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