{"id":527588,"date":"2022-12-15T17:30:00","date_gmt":"2022-12-15T14:30:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/nfts-and-soulbound-tokens-define-web3-filmmaking-says-director\/"},"modified":"2022-12-15T17:30:00","modified_gmt":"2022-12-15T14:30:00","slug":"nfts-and-soulbound-tokens-define-web3-filmmaking-says-director","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/nfts-and-soulbound-tokens-define-web3-filmmaking-says-director\/","title":{"rendered":"# NFTs and Soulbound tokens define Web3 filmmaking, says director"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3e7785ed145\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3e7785ed145\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/nfts-and-soulbound-tokens-define-web3-filmmaking-says-director\/#%E2%80%9D_NFTs_and_Soulbound_tokens_define_Web3_filmmaking_says_director_%E2%80%9C\" >&#8221; NFTs and Soulbound tokens define Web3 filmmaking, says director   &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_NFTs_and_Soulbound_tokens_define_Web3_filmmaking_says_director_%E2%80%9C\"><\/span>&#8221; NFTs and Soulbound tokens define Web3 filmmaking, says director   &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTIvNDEyMGNlODgtMmJlZS00YTBmLTgwNDktNDc5NWJiN2YwNzkzLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-30a6cf80>Web3 tools and innovations are making their way into various mainstream industries across the world. Some such as the sports and music industries have made a big leap into adoption. However the world of cinema has not been as vocal on its adoption.<\/p>\n<p>Some filmmakers in the past have touched on DAOs as a tool to boost community engagement around cinematic projects.<\/p>\n<p>Recently, big names in cinematic entertainment like Disney have made more swift moves into the space by hiring Web3-related lawyers and bringing the Polygon blockchain network into its accelerator program.<\/p>\n<p>Cointelegraph sat down with Director Stephen Fung, who is currently developing the Web3 film project Departed Apes, to better understand how Web3 tools like nonfungible tokens (NFTs) and now soulbound tokens (SBTs) can serve cinema. Moreover, Fung helped define what makes a Web3 film, and if it&#8217;s a genre of its own.<\/p>\n<p>Despite there being not a lot of buzz in the world of cinema around Web3 tools, Fung says these two worlds share one inherent feature: visuals.<\/p>\n<blockquote><p>\u201cFilms are just moving images, telling stories. It&#8217;s all very visual based. In my opinion, besides the tech behind Web3, it&#8217;s also a very visually based [industry].\u201d<\/p><\/blockquote>\n<p>However, where the film industry may be hesitant around the whole NFT movement, is intellectual property (IP) rights.\u00a0<\/p>\n<p>\u201cFilm companies\u2019 most valuable asset that they have is their intellectual property (IP). Let&#8217;s say if you&#8217;re Marvel you&#8217;re not going to dive into something that may have the potential of jeopardizing any of the IP,\u201d says Fung. \u201cThey tend to be a lot more careful, which is very understandable.\u201d<\/p>\n<p>This can be seen in a recent lawsuit between blockbuster director Quentin Tarantino and the film studio Miramax, over NFTs which were made about the former\u2019s hit movie Pulp Fiction. The main issue in this case was over property rights. <\/p>\n<p><strong><em><u>Related: <\/u><\/em><\/strong><strong><em>Academy Award winner Anthony Hopkins sells out NFT collection in minutes<\/em><\/strong><\/p>\n<p>Nonetheless Fung highlighted the ways in which these tools can still be useful to communities in the crossover world of Web3 and cinema. He suggested using Discord for NFTs as a \u201cwriters\u2019 room\u201d to include the community, which is usually a \u201cclosed doors\u201d element in filmmaking.\u00a0<\/p>\n<p>The director also highlighted who SBTs can help creators differentiate those who are in it for reselling NFTs and those who have a passion for the project.<\/p>\n<blockquote><p>\u201cWe will use it more like a badge of honor for these early supporters.\u201d<\/p><\/blockquote>\n<p>Fung continued to say that as far as Web3 <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/watch-movies-tv-seriess\/\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Watch Movies &amp; TV Series\" target=\"_blank\" rel=\"noopener\">movies<\/a> go, there is no definition at the moment, rather two perspectives: \u201ceither a movie that stems from characters that originated from the Web3 space,\u201d he says, \u201cLike if the Bored Ape Yacht Club were to make a movie.&#8221;<\/p>\n<p>Or if there is a film shown inside a metaverse. In other words taking a standard cinematic film and Web3-izing it through the ways viewers interact with it.<\/p>\n<p>Overall, the director emphasized that this is still a time of development for the whole space, therefore those in cinema should allow for \u201csome level of being risky\u201d as they step into the space and explore. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"nifty_newsletter\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/nfts-and-soulbound-tokens-define-web3-filmmaking-says-director\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; NFTs and Soulbound tokens define Web3 filmmaking, says director &#8220; Web3 tools and innovations are making their way into various mainstream industries across the world. Some such as the sports and music industries have made a big leap into adoption. However the world of cinema has not been as vocal on its adoption. Some&#8230;<\/p>\n","protected":false},"author":1,"featured_media":527589,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=1200\/https:\/\/s3.cointelegraph.com\/uploads\/2022-12\/4120ce88-2bee-4a0f-8049-4795bb7f0793.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[91498,95118,93542,74355,116,55649],"class_list":["post-527588","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-metaverse","tag-nft","tag-web3","tag-adoption","tag-art","tag-artists"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/527588","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=527588"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/527588\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/527589"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=527588"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=527588"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=527588"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}