Launchpads, Creative Studios, and DAO’s shaping the future of Web3 Film
A common tagline for Web3 companies is that they solve Web2 industry problems through the blockchain.
Visual art, music, videos, and written text all have taken on decentralized mediums through some iteration of a metaverse or digital platform over the past several years. However, the market, and particularly the VC/Investors that fund these companies are no longer looking at those who simply solve Web2 issues with blockchain technology, but those completely changing the landscape of our industries.
WEB3 And The Film Industry
Within the film industry most productions are financed by investors and companies that take massive royalties and influence over the production and distribution processes. This is argued to stifle creative expression, deprive artists from the bounty of their works, and censor content from public release.
There are several companies within the Web3 film space that are not only solving these issues, but creating an entirely new film landscape with launchpads, creative studios, and decentralized autonomous organizations (DAOs) to support this new ecosystem.
Decentralized Pictures
Specializing in launchpads is Decentralized Pictures — a non-profit focused on supporting creators financially and by connecting them with experts in the field to produce their ideas. You can check out more on them here and the opportunities they provide artists to jump-start their careers.
NFT Film Squad And Non-Fungible Films
For creative studios, we have NFT Film Squad and Non-Fungible Films. Both are creative media production houses set on producing Web3 content by incorporating IP ownership, creator-added utility, and NFT financing. Both companies offer premium NFT passes that grants access to their studios, resource library, and community of investors, film makers, and educators.
Vabble and The Film Financing DAO
Then, we have Vabble, and specifically the Film Financing DAO. This is a platform where you can not only pitch your creative idea but also invest in your favorite productions.
We see the Film Financing DAO as an entirely unique feature in the Web3 film space. A brief summary is below with a full DAO whitepaper being released soon.
The DAO
Within the DAO, there are currently two branches.
- The Studio
- The Investors — Film Board & Retail/Institutional Investors
The DAO Studio makes up the content curators. Any Web3 Studio or individual may join the DAO Studio and deliver a film proposal to bring their idea to life and acquire investor funding.
Within this proposal they must provide all relevant information to help investors make calculated decisions on whether a film should be moved into investment rounds or distributed through the auditor (Vabble LLC). This depends on if the studio is looking for financing, financing and distribution or distribution only.
Films that are financed and distributed by the DAO will be released on the Vabble SVOD platform. Vabble LLC will manage the auditing process for all revenue generated by films on the SVOD platform and consumer funds held within the DAO. It will also perform audits on rewards to be distributed based on users’ actions on the SVOD.
While Vabble LLC will be the initial auditor of the DAO, it can be voted and changed by the community at any time. The investors are the controllers of the DAO’s governance and are the liquidity providers to studios who require film financing. Guiding this process is the Filmboard which is an elected group of experienced film industry individuals. They are selected from the retail/institutional investor community to ensure quality productions are financed and their vote carries a higher weight due to their experience.
If a studio is successful during the voting period, its proposal is delivered to the wider Vabble network of investors outside the DAO where they may invest and seek rewards in VAB token, USDT, USDC, ETH & NFTs.
Once an investment is made and the round is over, it is entered into a smart contract along with all investors’ addresses. Then, once the production is finished and ready to be released the elected auditor will provide reports on revenue generated by the film within the SVOD and deliver this revenue back to the DAO where the smart contract distributes the revenue to the studio and investors as set forth in the contract.
This smart contract technology and DAO organization brings unique opportunities to investors and the ability for creators to bring their dreams to life. This, in combination with Vabble’s SVOD and Film NFT Marketplace, is the future of cinematic financing, production, distribution, and consumption.
The Potential
For the entire Web3 space, this technology has the potential to shape the industry and we are confident that in combination with the launchpads and creative studios in the space we can integrate a DAO to create a new era of film.
Cheers from the Vabble team.
All the fun is over on our socials so to join in on our new town halls every second week.
Twitter: https://twitter.com/VabbleApp
Discord: https://discord.gg/vabble
Telegram: https://t.me/vabble
