12/07/2021 Anthony Hopkins’ new film will be sold as an NFT — here’s what that means for creators and the ones buying it

  • Anthony Hopkins' new film Zero Contact will premiere as an NFT on Vuele, a global distribution platform for NFTs. 
  • Vuele boasts of being the first direct-to-consumer platform where limited edition film and other content can be watched, collected, or traded. 
  • NFT's represent only the digital form, and artists are free to sell their creations in physical condition as well.

Anthony Hopkins’ new film Zero Contact is going to premier as a non-fungible token (NFT) on a new platform called Vuele

The creative world was the first to adopt the concept, and it has already led to some record-breaking milestones. However, this is the first time that a full length feature film will be offered up for sale as an NFT.

“It creates scarcity in copies of the film and protects against piracy,” Dugdal told Deadline. The NFTs are likely to appear on Vuele in late July or early August. They will include the film along with extras at different price points, yet to be determined. 

NFTs are collectibles. This means that the NFT copies of Zero Contact will be treated as a limited edition version of the movie. According to Rick Dugdal, the producer and director of the movie, there will be four or five ‘drops’ of the movie. 

Each of these drops will be exclusive, limited-edition versions of the film and collectible content. Users can buy or bid on these items using cryptocurrency or regular credit cards. 

And, here’s a quick look into how this works.

How do you distribute a film as NFT?

Traditionally, a film requires a label partner, distribution channels, and multiple parties across regions for a release. As an NFT, the film can be directly released on the blockchain, maintaining a ledger of all its owners. 

The token is cryptographic, meaning it has established a unique identity and a confirmation of digital ownership. For fans, it means absolute uniqueness in the files they are purchasing, adding more value to the digital commodity.

"As opposed to Bitcoin, which is fungible and can be exchanged with millions of other Bitcoins, NFT's proposition of being unique makes it a collector's item or an investor's paradise," Vikram Subburaj, co-founder and CEO of Giottus cryptocurrency exchange told Business Insider.

"It is worth noting that NFTs are only proof of ownership and do not prohibit adoption or copies of the art on the internet or otherwise. That is, there is no IP associated with it other than claims to verifiable digital ownership," he added. 

NFTs represent only the digital form, and artists are free to sell their creations in the physical world as well. 

How does the creator earn money from an NFT?

The creator faces two likely scenarios — blockbuster earnings or nothing. Like nascent cryptocurrencies, NFTs are yet to take off as a mainstream utility, and their profitability is unpredictable. But it offers a look into the future, where independent artists can show their work to the masses without relying on third parties.

In terms of monetisation, it's pretty simple.

An NFT is created by ‘minting’, which is the process of developing and placing the file on a blockchain. Ethereum is currently the go-to blockchain because of its smart contracting ability, which can automatically maintain and update the ownership ledger.

Once minted, if the NFT is sold for ₹100, the creator earns the sum directly. If the first owner resells the NFT after a year for ₹2000, the creator gets a particular percentage of the sum as a royalty fee. Hence, his earnings for the second transaction will be ₹200 --if we assume the royalty fee is set at 10%.

And, the creator will continue to earn royalties as long as the NFT is being traded.

"For example, an original song from AR Rahman can be 'owned' uniquely on a blockchain. When the demand for the song goes up or becomes valuable with time, you can sell it with a considerable gain to the next owner, much akin to how we sell a plot of land or a house," Subburaj added.

Hence, the initial investor or buyer can also make money on the blockchain while protecting the creator's assets from piracy or illegal distribution.

The blockchain also helps ensure that the art or creation is permanently archived and cannot be tampered with, automatically creating another level of authentication that can withstand time.



Interesting NFTs
Traffic explores a crossroads between the metaverse & reality through organized chaos. The complexity of this aural / visual landscape demanded over 200 hours of design time between Slimesunday & 3LAU. Every detail of this piece was built from scratch, from the reflective puddled pavement to the stabbing synthesis of the song. We think we'll be spending a lot more time in the metaverse in the future, don't you?
Luminous space
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Tactical Cats
Tactical Cats Practical cats, dramatical cats.. Experience the lighthearted inner smile when you are purrfectly purrrple. The cat's meow of pick-me-up paints with swirling tails of joy as vivid as the swirling magentas, blues and purple. I was able to with this work quietly paint a tribute to memories of meeting fans and revisiting "old friends" within the paint itself. All while pretending to paint a version of catwoman for the audience. More on that in bonus material. This is an alternate animation made specifically for crypto art collectors. This NFT depicts the rare, unused in media: verified image. Mixed Media: Bio/Digital. Glycerin on 5'9" human skin 10-14 hours Performance art. Shot on Canon EOS RP. 16 + hours Photoshop and DaVinci Resolve. All Works are SFW. Art has been Seen on the front page of Reddit, Featured in the New York Times, Galileo.tv, and multiple other promotions including Twitch.tv, Disney Interactive, RIOT games, WB games, AMD and more! More on how this art is unique and potentially explosive in the NFT world: https://youtu.be/CXbNF2Y6srs ------------------------- The purchase of this NFT Grants the buyer unique bonus material. Physical mail Bonus Package: A Physical Art Print. Autographed from the Artist in 12x16. Please allow a few weeks for Delivery. Digital Bonus Package: This image in .mp4. An "About the Art" Video and an "From the Artist" introduction. A README.txt about the artwork with some personal notes and Links relevant to the artwork.
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Discord logo factory. 3D animation, 10-second loop, 30 fps. Created using Cinema4D, X-Particles, Octane, and After Effects. Originally posted on TikTok (@jigpx) on 2/20/21. 47.5m+ views, 3.2m+ likes (as of 4/22/21).
The term “Fuku” refers to fortune or good luck. “Shiva” refers to the Hindu deity who represents strongly polar qualities, both severe and delicate. On a beach inspired by adventures on Phi Phi island in Thailand, three youths cavort. Two are representational figures and the third is psychologically rendered. A dynamic relationship ensues between the triad; a reciprocity of active and passive states. The boy on the right engages in maneuvers of evasion, defense, and is dressed in a speedo which reiterates the colors and symbolism of the caution tape on the left and upper right frame of the composition. In concurrent reaction the psychedelic figure shoots out a rocket powered paper airplane. The nude boy seated in the froth and sand approaches in passive repose, and is met with active attention but equal physical reserve by the psychedelic being. Perhaps the most naked figure is also the least representational. Looming large, dynamic, and active, it engages its companions playfully. Various symbols interject into the otherwise naturalistic scene, most notably a beach ball and two contaminated barrels nested in the sand. The upright barrel reads “FukuShima” in Kanji. The barrel laying down reads “Dharma”. To the left the scene is bounded by caution tape, reiterating the danger of the nuclear waste while also hosting alien archetypes, whose presence, as is the nature of these entities, runs up and just behind the consciousness of the psychedelic figure’s eggshell-like skull.