The NFTs cost between 75 and 100 dollars, which provided their holders with unique experiences, bonus material, and visits to the recording set.

Mexican filmmaker Gibrán Bazán revealed that he is considering financing his films through the sale of non-fungible tokens (NFT), which would allow him not to require conventional financing from private or government funds.

Bazán’s Talk to Forbes Mexico

The Mexican filmmaker explained the following to Forbes Mexico magazine:

“The Web 3.0 opens up a new panorama especially for creators because instead of big companies monetizing projects, now creators are going to choose the platforms to monetize their projects. It is a decentralization of content and financing.”

Last year, during the webinar organized by Macabro Lab, speakers referred to the benefits of cryptocurrencies such as Bitcoin.

In terms of monetization and production, Mexican cinema has difficulty finding sufficient institutional funds.

At the time, Mauricio Chernovetzky pointed out that Bitcoin (BTC) is changing paradigms and changing communities to create and said that part of the budget for his movie “Patitos Feos” came from cryptocurrencies, contributing 400,000 Mexican pesos in Bitcoin (0.41 BTC).

Filmmaker Gibrán Bazán pointed out that he launched the “Durmientes” collection of 1,500 pieces of NFT art, related to the movie “Bazán”, which cost between 75 and 100 dollars, which provided its holders with unique experiences, extra material, and visits to the set. of recording.

Gibrán Bazán pointed out to Forbes that, “We are a think tank with a platform to develop NFT technology throughout different industries: real estate where we already have a project, art, film, music, clothing, there are many applications.”

Mexican Movies, NFTs and Bitcoin

The movie industry and other arts in Mexico have integrated NFTs and Bitcoin before. Last year, the Hidalgo International Film Festival of the Americas (FICAH) reported that its fifth edition awarded prizes in Bitcoin and NFTs, becoming the first film event in the country to award winners under other formats.

The Festival explained that this award format will be awarded in the FICAH5 category, but only to the most competitive works. The organizers, who sponsor the Museum of Chaos, argued that the advantage of using tokens and Bitcoin is that the winners do not reside in Mexico.

On the other hand, there is already a documentary called “Ethereum: The Infinite Garden”, which had the goal of raising 750 ETH and ended up raising 1,036 ETH, almost 2 million dollars. The story focuses on the history of cryptocurrency and has its co-founder Vitalik Buterin as a key player.

By Audy Castaneda

Ethereum devs to decide whether to go ahead with September 19 date.

The cryptocurrency market retains much of Wednesday’s gains for the main tokens, in the heat of softer inflation in the US, 8.5% compared to 9.1% previously, which boosted the prices of Bitcoin and Ethereum by more than 4%.

The gains are 7% for BTC in 24 hours and 12% for ETH, while the total capitalization exceeds 1.16 billion dollars.

Naeem Aslam, an analyst at Avatrade, comments that “traders believe the time has come to dismiss any recession concerns as inflation has peaked in the US.” Meanwhile, the labor market remains as strong as it can get.

Aslam warns, however, that “it is important that traders do not lose control of risk, since the comments of the US Federal Reserve (Fed) will continue to be the main denominator in the rally.”

Negative Crypto News Overshadowed

The negative news of the crypto space has been overshadowed by this news, but only a day before the digital currencies had been weighed down by the poor results of Coinbase, which lost more than a billion dollars in the second quarter, as well as by reports of payment suspensions and company bankruptcies, which do not cease in the market.

However, as some analysts, such as Craig Erlam of Oanda, had ventured, the good news has served as a catalyst for Bitcoin to continue its rally and finally try it with $25,000. For now, the highs are at $24,500.

Regarding the second currency by market capitalization, it is moving forward eagerly on its way to $2,000. ETH investors have their own dose of encouraging information.

The Ethereum network has successfully completed the last test before the change of consensus from the current proof-of-work to proof-of-stake, an event highly anticipated by the market.

This has been confirmed by Ansgar Dietrichs, a researcher at the Ethereum Foundation, in a series of posts on Twitter, of which one stands out, “To be fair, that is a calculated tradeoff: Having so many different client combinations means that it is almost impossible to get to 100% perfection, but at the same time the network is robust against a small hiccup rate.”

On the other hand, it has echoed the success of the final test before the event known as ‘The Merge’, whereby the test chain of the new protocol will merge with the main chain of the network, Christine Kim, of Galaxy Digital, posted on Twitter that, “A successful merge = the chain ends.”

Kim wrote in a tweet, adding that, “participation rate dropped and looks like there may have been an issue with one of the clients but the Merge worked. We’ll likely see minor issues like this with the upgrade on mainnet too but the point is, the Merge worked.”

The Ethereum core developers announced a meeting for this Thursday, with the idea of ​​deciding when exactly they will release the update on the Ethereum Blockchain.

Previous forecasts were that ‘The Merge’ would become official around mid-September, being September 19 the most likely launching date.

In the last 30 days, the value of ether, the native currency of the Ethereum Blockchain, has increased by nearly 80%, with an increase of 10% in the last 24 hours alone. It is now trading at about $1,875. However, annual declines of around 50% persist.

By Audy Castaneda