Because I’m getting this question a lot. The principal purpose of Muse DAO, mid-term, is to make movies.
Okay, how?
Simple, and through several different methods:
The first is through partnerships with established production companies. On a production-by-production basis, we share creative development, financing, and distribution of intellectual property with companies with proven track records. Our core team have contacts in the film industry who are eager to bridge into crypto as a means of financing film in new and subversive ways. Through said partners, we leverage credibility as a DAO and build brand recognition and reputation.
Ideally, down the line, production companies won’t just be partnered externally, they’ll be part of the DAO itself, with their productions mounted exclusively on our decentralized platform of financing.
The second is to continue to expand the treasury and begin establishing independence. The quicker the expansion of the treasury, the quicker the expansion of budgets and volume of movies produced, and therefore, the exponential growth of profit.
Methods of expanding the treasury are as follows:
NFT sales of proprietary intellectual property, metaverse build-outs, and onboarding up-and-coming NFT artists.
Collections like “Lore (Black Crown)’’ serve many purposes simultaneously: a development tool for expansive fictional worlds, as collectables/merchandise, and finally as memberships (exclusives like free merchandise and tickets to digital premiers included in their purchase). We have a number more collections of Lore NFTs, based on planned future IP, in the works. Metaverse buildouts for external IP — including world-building as a service — is another of many possibilities for the Lore concept.
Additionally, there are options of products like graphic novels that allow us to convert scripts and narrative into immediate releases for widespread audiences as proof of concept. If the story is saleable, the story is saleable. With this also comes concept art, storyboarding, and everything in between. Once a film has achieved production, it also opens us up to behind the scenes extras, movie posters, memorabilia, and other digital and physical merchandise.
We’re a DAO of trained, dedicated creatives here to fairly monetize and contract out our creativity for the good of the DAO and its community, and with this, we aim to bring on lesser known artists so that they can do the same. If they sell work leveraging our model and platform, everyone wins. (All works sold under this structure require written consent from the artist. 70% of proceeds, including royalties, go directly to the work’s creator, verifiable on the blockchain. The remainder funds MDAO’s platform of decentralized film and media financing and production.)
The Third is via traditional financing. It’s been around forever. It works. There’s no reason the DAO can’t be treated in these instances like a single entity seeking traditional financing.
For those unfamiliar with traditional film financing methods, generally a film is funded via a combination of investors, tax credits, grants, and other sources. Many states, or even countries will subsidize film production as it drives tourism and is healthy for the economy. There is nothing stopping a DAO entity from engaging in these exact practices.
The Last is DAO participation and utilization. Being a Decentralized Autonomous Organization is one of our greatest strengths, and we should leverage this strength as often as we possibly can. We actively encourage member participation in nearly all aspects. You, as a DAO member, have the power to build with us. If you have an idea to bring revenue in, we want to hear it. If you have a film or pilot script, or a project, a series of NFTs, a graphic novel in the chamber, pitch it. If you think you know a guy who knows a guy who wants to finance movies but doesn’t know how, reach out to them, or let us know. DAOs are the quickest way to supreme innovation, and we have every desire of capitalizing off of every ounce of it for the good of all.
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For any questions regarding today’s Medium, feel free to drop into our Discord and ask away. You can also DM me, Ulysses, or our co-founder, Atreides, directly.
Discord: https://discord.gg/RUG8f4eVSZ
Twitter: Twitter.com/Muse_DAO
Website: MuseDAO.org
