Changing Taiwan's Film Industry (Part 2) — SELF
SELF — An immersive entertainment digital asset that integrates virtuality and reality
SELFPICK's Core Philosophy: "Immersive Entertainment"
Immersive entertainment has always been SELFPICK's core philosophy. It allows viewers to enter the film's world, to walk where the character walks, to drink where the character drinks, and experience the character's emotional journey. The goal is to realize the elements of film and television In real life. For Jack Hsu, the director of SELFPICK, good content isn't just a few minutes of film; good content should carry weight, to bring about catharsis as well as emotional resonance to everyone.
This is not a new concept. Disneyland and Universal Studios are world-renowned and successful examples of immersive entertainment; And in Taiwan, the 2014 film Cafe. Waiting. Love, which was originally adapted from a book, opened a physical coffee shop. Film's Director Wei Te-Sheng also announced a Taiwan Trilogy Park Project this June where he plans to simultaneous make a movie and establish a historical culture park. Jack Hsu has the same idea for immersive entertainment, but without sufficient funds, SELFPICK has chosen to take One Step at a time: to start from its own resources and eventually make a name for itself with years of hard work. After making successful 4k web-series The BarFeaturing William Hsieh and Huang Shang-ho, Jack opened a physical bar of his own for people to enjoy and drink. The SELF PICK team has worked endlessly to prove: “We are playing for real!”
How Blockchain Technology Can Help Taiwan Films
Changing Taiwan's Film Industry (Part 1) — The Last Thieves article details Jack's perception of today's centralized movie industry. In Taiwan, the annual film fund of approximately $100 million NTD is controlled by gatekeepers. If a filmmaker's application for the film fund is denied, It is virtually impossible to make a film — even if its content is one favored by the public. Astoundingly, Taiwan has an annual box office revenue of $10 billion NTD, yet domestic films only make up $700 million NTD. There is no question that With good content, the market for Taiwanese films have ample room for growth. If viewers are able to interact with filmmakers and support the content they are interested in, is it possible for Taiwan to produce more engaging stories of our own?
Blockchain + Immersive Entertainment = ?
After learning of blockchain technology, its innate decentralization, untamperable nature, and "smart contracts," Jack gradually envisioned such a blueprint: When a team creates a good script, digital assets can be released to allow fans to support the projects they like. That use this digital asset can use it to exchange movie tickets or exchange it for goods at restaurants and bars. Every time they spend these digital assets, they acquire bonuses and points. As a result, it creates a positive cycle where aspiring filmmakers can Receive Direct funds and film-goers have a transparent way to support creators through this ecosystem. With this blueprint, SELF was born.
What is SELF? How is it Used?
In addition to filming The Last Thieves , a story about blockchain, SELFPICK will release the digital asset SELF alongside the film, allowing the general public to participate in an immersive entertainment ecosystem that links virtuality and reality, opening up a new chapter for Taiwanese film.
Using The Last Thieves as a example: fans can purchase SELF and use it to exchange for movie tickets when The Last Thieves is released, avoiding long times endemic in theaters. At the same time, fans will accumulate points for future rewards, where its value In other words, the more fans consume and support the film, the more rewards fans will get back in return — forming a healthy and mutually beneficial ecosystem. More importantly, we will also introduce Value-based experiences in the future that are exclusive to those With enough rewards SELF. Examples of such events are as listed: premiere tickets, limited merchandise, limited experiences, narrative decisions...etc.
The Benefits of Having SELF
- SELF is applicable to a number of entertainment fields, including cinemas, restaurants, bars, and more. The exact scope will be announced in the coming two months.
- SELF can be used to exchange for movie tickets, helping you avoid long waiting lines and save time
- SELF can support productions and projects, allowing for higher budget Taiwanese films in the market.
- SELF will help you acquire exclusive rewards, regardless of whether you use it for yourself or recommend it to others. These rewards can be converted into more SELFs for you to keep supporting projects, exchanging movie tickets, or spending at partnered restaurants and bars.
SELFPICK firm believes that immersive entertainment will improve content quality and help stories be more relatable. Upon releasing SELF, the team expects to add a interactive game concept to allow users and buyers of SELF to have their own virtual characters from the film. And adapts based On the user's consumer behavior. For example, If you always go to the movies alone, then your character and its outfit may evolve to the persona of a lone wolf. Director Jack believes that in the future, the boundaries The amount of Time we spent Looking at smartphones grows by the minute, and things that happen in the virtual world, such as the accumulated information and experiences, will all eventually become a part of our lives Finally,The OASIS in Ready Player OneCan become a reality! Though there is still some technological leaps to be had in between, SELFPICK has been inspired by blockchain to create something similarly interesting and creative. Now, Jack and his team and preparing for the first step, and they Hope that everyone Will see more and more of the benefits brought about by combining virtuality and reality.
SELF TOKEN website: http://selftoken.co
