Blockchain made it to Hollywood with world’s first ethereum funded movie

The Pitts Circus is the first ever ethereum funded movie.

The movie, classified as a horror-comedy, centres on an Australian Circus family.

It shows the day-to-day struggles of this circus family as they travel, with a modern twist.

The twist? Having problems with their hardware wallet.

The movie is set in a time where blockchain is a vital part of daily lives.

Toni Caradonna, Producer of The Pitts Circus, stated in a press release, they “were a bunch of Circusfreaks and Cryptopunks that always wanted to tell the amazing Story of this unique Circus Family.”

“We believe that blockchain technology will have the same impact on society as the Internet did. For the first time in history, humans are delegating trust away from institutions and people to machines and processes.

“With every disruptive innovation technology that can be both good and bad. In our case it empowered us and our community to create a piece of art that does not follow mainstream,” he said.

The movie was financed by 666 crowdfunded shares, with each shareholder holding 50 percent of the movie’s revenue for a 20-year guarantee.

“We strongly believe in diversity in society and in the arts too. The fact that Ethereum has made this possible and gave art the voice we think it merits is a good thing,” Caradonna said.

Just last week, the film made its way to Hollywood, premiering at the famous Laemmle’s theatre.

The innovative approach garnered much attention, with awards and nominations in three different film festivals including Hollywood.

Via Facebook.

This shows that “blockchains like ethereum actually do have a real-world impact that is way above the boring trading business”.

The community-focused approach will pave a way for the filmmaking industry to collaborate with blockchain.

The funding platform eMovie Ventures now allows buyers to vote and contribute in various ways for future projects.

Caradonna added in an interview that contributors could exchange ideas for the possibility the community may vote to have them put into production.

“This equates to lower production costs for the movie from community suggestion, and more film sales because the ideas have already been validated by the consumer.

“Combining lower production budgets with higher revenue rewards shareholders with improved profit. EMV coin holders profit from the content they help generate,” he said.

Now we just got to wait for the movie to come out next year or eagerly wait for Rotten Tomato to release reviews.

While you wait, maybe you could jump on this collaborative approach and see how far it goes.