Creatives are using blockchain to fund and distribute their projects
Trend - A new wave of startups are utilizing blockchain technology and smart contracts to offer filmmakers and musicians an alternative artist-centric solution for connecting with fans, acquiring funds, and distributing their projects.
Insight - Filmmakers and musicians operate within a highly centralized industry and, as a result, find themselves routinely faced with creative compromise and lowly compensation. Meanwhile, fans are seeking new ways to support these artists in more direct and personal ways. Accordingly, new blockchain-based platforms are aiming to empower creators by cutting out the middleman, enabling them to connect directly with fans and financiers so they can independently distribute their work.
Insight - Filmmakers and musicians operate within a highly centralized industry and, as a result, find themselves routinely faced with creative compromise and lowly compensation. Meanwhile, fans are seeking new ways to support these artists in more direct and personal ways. Accordingly, new blockchain-based platforms are aiming to empower creators by cutting out the middleman, enabling them to connect directly with fans and financiers so they can independently distribute their work.
Workshop Question - How could your brand utilize new technology, like blockchain, to disrupt traditonal industry practices?
Trend Themes
1. Blockchain-based Film Financing and Distribution Platforms - New blockchain-based platforms are aiming to empower filmmakers and musicians by cutting out the middleman, enabling them to connect directly with fans and financiers so they can independently distribute their work.
2. Nft-based Movie Premieres - The film industry is embracing the new possibilities offered by NFT and innovative startups like VUELE are working to reimagine the film distribution process.
3. Decentralized Music Streaming Services - Audius aims to bring power back to creators by allowing artists complete control over their content and rewards them based on their merits and engagement.
Industry Implications
1. Film and Television Industry - Blockchain-based platforms offering solutions for financing and distributing content could revolutionize the industry by empowering creators and giving them more control over their work.
2. Music Industry - The music industry can leverage blockchain technology to decentralize music streaming services and give artists greater autonomy and ownership over their content.
3. NFT Industry - NFTs are transforming the way artists make money in the music industry, allowing them to raise money from their fans through NFT sales, as seen with the Royal platform.
5 Featured, 40 Examples:
38,733 Total Clicks
Date Range:
Aug 21 — Jul 22
Trending:
Mild
Consumer Insight Topics:
