Crypto leaders have long said blockchain has great potential in entertainment. Decentralized Pictures marks the most significant vote of confidence in that to date.
For those outside the tight-knit circle of cryptocurrency devotees, the buzz around blockchain technology can feel like an impenetrable collection of technobabble — maybe nothing more than a passing fad. But early adopters of these decentralized data systems have long said blockchain is poised to change everything from finance to transportation and, yes, even entertainment.
Now, the potential of blockchain in the film industry has earned a major vote of confidence from one of Hollywood’s most influential families. The nonprofit Decentralized Pictures — co-founded by Roman Coppola, tech and entertainment veteran Leo Matchett, and American Zoetrope exec Michael Musante and led by a board that includes Sofia and Gia Coppola — plans to go live in the fall with a mission to discover and support underrepresented filmmakers using a blockchain-powered web platform.
“In a sense, this is a democratically selected film fund,” Musante told IndieWire. “Instead of a boardroom of executives, it’s our community that decides, that gives their opinion and tells people what they like.”
Continue reading: https://www.indiewire.com/2021/08/decentralized-pictures-blockchain-coppola-1234655602/
For those outside the tight-knit circle of cryptocurrency devotees, the buzz around blockchain technology can feel like an impenetrable collection of technobabble — maybe nothing more than a passing fad. But early adopters of these decentralized data systems have long said blockchain is poised to change everything from finance to transportation and, yes, even entertainment.
Now, the potential of blockchain in the film industry has earned a major vote of confidence from one of Hollywood’s most influential families. The nonprofit Decentralized Pictures — co-founded by Roman Coppola, tech and entertainment veteran Leo Matchett, and American Zoetrope exec Michael Musante and led by a board that includes Sofia and Gia Coppola — plans to go live in the fall with a mission to discover and support underrepresented filmmakers using a blockchain-powered web platform.
“In a sense, this is a democratically selected film fund,” Musante told IndieWire. “Instead of a boardroom of executives, it’s our community that decides, that gives their opinion and tells people what they like.”
Continue reading: https://www.indiewire.com/2021/08/decentralized-pictures-blockchain-coppola-1234655602/
