The Year of the NFT: The Future of Investing in Film, TV and Entertainment Content

We’ve entered the age where an innocent photo posted on the internet can turn into a viral meme overnight. Nowadays, it doesn’t stop there. When the picture-turned-meme becomes such a craze that the internet demands more, the next transformation is — you guessed it — the NFT. Memes (like the Side-Eyeing Chloe meme of a toddler looking unimpressed) are selling as NFTs for upward of $75,000 USD. This is just the tip of the iceberg for investors and creators capitalizing on Non-Fungible Tokens.

THE LOW-DOWN

NFTs are sometimes just as valuable (if not more so ) than physical collector items, but they’re digital and not tradable — only sale-able. So instead of buying a famous painting to hang on the wall, a person would buy a minted version as a digital file. NFTs offer digital ownership of a file (a movie clip, special access, a photo, music files) for whatever a person purchases.

WHO MAKES NFTs

The answer is simple: Everyone.

Celebrities like Snoop Dogg, Paris Hilton, and Michael Jordan are making headlines with the unique digital files they minted and sold as NFTs. These digital art forms have grown into a multibillion-dollar industry — fueled by art lovers and memorabilia hunters buying up millions of dollars’ worth of rarified digital creations & souvenirs from music, art, film, and sports industries.

ritestream’s TAKE

As a platform dedicated to the creation and monetization of film, tv and sports NFTs, ritestream agrees with the axiom, “there’s no business like show business.”

Our solution reimagines show business by taking a new approach to the antiquated methods of the past in attempts of tackling the production, licensing, and funding pain points traditionally associated with bringing new content to life. Thus, a new launchpad and streaming service — a media ecosystem in Web3 — is born. One that incorporates a marketplace for content to be licensed and distributed, a Launchpad for creators to seek funding where audiences and fans can interact and invest, and an NFT marketplace to create and monetize specially curated NFTs such as iconic scenes from movies to sports bloopers. This all comes neatly packaged in an app for capitalizing on and consuming fresh content.

MAKING THE FUTURE riteNOW: NFTs and the Big Screen

ritestream is shaking things up for collectors and creators and truly pioneering the future of NFTs.

Celebrities and artists alike want to give their fans what they want — and there’s no doubt about it: fans want access to exclusive celebrity content, and they’re willing to pay for it. The NFT marketplace puts creators in a unique position by being able to dictate how their art is consumed while generating revenue during the process via NFTs.

Blockchain technology and NFTs afford artists and content creators a unique opportunity to monetize their wares. For example, artists no longer have to rely on galleries or auction houses to sell their art. Instead, the artist can sell it directly to the consumer as an NFT, which also lets them keep more of the profits.

Pulp Fiction, undeniably a classic, was released in 1994. It wasn’t until 2021 when superfans were able to get their hands on the highly coveted original script with all the scribbles of Tarantino’s greatness via an NFT.

Our model eliminates the middleman and all of that wait time. We want to make sure fans — and entertainers — never have to wait this long to invest in (and reap the rewards) the content they love. NFTs are changing the way the world consumes content. It’s time to change how it’s monetized, too.

ritestream curates NFTs on behalf of artists (while empowering them with the final weigh in on creative) in a way that programs royalties into the sale and exchange of the NFT so they’ll receive a percentage of sales whenever their art is sold to a new owner. This is an attractive feature as artists generally do not receive future proceeds after their art is first sold. This is like owning stocks in your own art.

Here’s how it works:

NFT Creation

Creators list their NFT projects for funding via ritestream and offer the community the opportunity to have fractional ownership of the NFT by contributing using RITE coin — the app’s official currency that can be purchased and used at cryptocurrency to fund projects, watch content, purchase fractional ownership of projects, and invest in NFTs.

Creators will need to stake the equivalent of US$1,000 in RITE coins to list their projects for funding on the platform. They will need to hold these coins in their wallets for a period of twelve months post funding of their NFT through the community.

NFTs AS AN INVESTMENT

The community will now be able to own a piece of their favorite content via NFT using RITE coins. However, each project listed on ritestream for funding will have its own staking requirements. As an example, if someone wants to have fractional ownership of a new NFT from a well-known director, they will need to stake a higher amount of RITE coins in order to be able to purchase that NFT.

By comparison an NFT from a lesser known director will have lower staking requirements.

Each project will therefore have its own staking requirement with the platform setting a minimum staking requirement of US$1,000 equivalent in RITE coins.

INSTANT ROI: Fractional NFT Ownership

Owners of NFT’s (fractional or whole) will earn RITE coins based on licensing revenues and viewership of that NFT across the entire ecosystem. NFTs that receive a higher rating from the community will then be licensed for a higher fee to streamers and consumers. These revenues will flow to the fractional NFT owners in proportion to their ownership of the token.

INCENTIVIZING NFT CREATION

We want to build a content rich ecosystem that not only encourages new talent but also attracts established producers and directors to the platform. Sixty percent of the community pool will be reserved for supporting NFT projects on the platform. Community members that hold a minimum of US$10,000 equivalent in tokens in their wallets for a period of 6 months or more will be eligible to vote on which projects get supported via the community pool.

Partner’s who stake more than US$100,000 equivalent in RITE cointokens will receive exclusivity to content with a first window to broadcast new NFTs in their country.

If you are ready to get on the right side of history, then the ritestream platform is where you should be planting roots. Critics project that in the very near future many existing forms of art — like paintings, album covers and movie scenes — will have an NFT attached. ritestream’s model weeds out all the noise and focuses solely on film, TV and sport entertainment.

To learn more about ritestream and how our new-age content as a service approach is transforming the future of streaming content, film, and television via the Blockchain and NFTs visit restream.io. We also invite you to join our Discord: https://discord.com/invite/RJPj522Qcc and our Telegram Group: https://t.me/ritestream where you can find information on how to invest in our IDO.