Director Francis Ford Coppola’s family of filmmakers is releasing a democratic Blockchain-based film curation platform that intends to pave new ways for independent productions.
Blockchain technology is becoming the new Hollywood star due to an initiative led by the family of acclaimed film director Francis Ford Coppola.
The famous screenwriter and film producer, Roman Coppola, son of the award-winning director of The Godfather, one of his most iconic films, is leading an initiative that takes advantage of blockchain technology to bring supportive stances to independent cinema.
Co-founded by Roman Coppola, Decentralized Pictures is a non-profit organization that this year will release a Blockchain-based platform that intends to discover and bring more support to underrepresented film artists. Tech and entertainment veteran Leo Matchett and American Zoetrope executive Michael Musante are also among the project’s co-founders list.
The initiative receives the support of a board that includes successful director Sofia Coppola, daughter of the veteran director and famous for productions such as Lost in Translation. Her niece, young director Gia Coppola, Francis’ granddaughter had joined the project too.
The Coppolas Take Blockchain to the Cinema
According to the official website of the project, Decentralized Pictures is ready to make evolve the traditional financing scheme that has been ruling for years over the film industry.
Based on innovative technology that underlies cryptocurrencies, the platform will work through the consensus of a solid community of filmmakers, producers, and fans of the seventh art to decide which projects should receive financing. The goal of the organization is to support independent, and unrepresented filmmakers.
The project would also have its native cryptocurrency: FILMCredits, which will make easier the operation of a transparent curation platform and an autonomous rewards system. The digital token would serve to bring rewards to collaborators, who will be leading the reviewing of scripts, films, and even chatting with filmmakers to vote for the content of their choice.
Musante, one of the co-founders added that the platform would bring a new archetype to the industry, which has been at traditional bank’s hands for years. This project would help empower a whole new generation of artists.
The Community Votes and Chooses the Films
Filmmakers will be able to present their projects to the platform to compete for financing. Financial agreements may include a network of partners, like production companies, agencies, and management firms.
Creators will also be able to take advantage of the platform to participate for recognition from other organizations. They can compete for non-monetary prizes, such as classes or representation.
Along these lines, Matchett explained that anyone could join the community and vote for film projects, but a system will weigh the opinions of those with a history of success in the industry more than others.
By: Jenson Nuñez
