Tag: Film

“Warriors of Future” Set to Debut as Asia’s First NFT Blockbuster Movie

by Blockchain News

Warriors of Future, a multi-million-dollar Hong Kong sci-fi action movie by One Cool Group, seeks to be the first Asian blockbuster film to feature a non-fungible token (NFT) collection. 

warriors of future.jpg

The NFT collection will have 10,000 unique 3D avatars comprising four types of soldiers and is expected to be minted on August 6. It will also be powered on the Ethereum (ETH) blockchain. 

Warriors of Future will adopt an innovative interchangeable mechanism in the NFT collection, allowing users to interchange traits within the NFTs they hold. 

The interchangeable parts include the background, helmet, arms, armour body, and weapon. The report noted:

“These interchangeable elements will be reflected in real-time in the NFT marketplace. The holder will also be able to use their NFT in action as an avatar in the upcoming Warriors of Future mobile game.”

The Warriors of Future is a film set in the future, whereby the Earth is devoid of life because of pollution and climate change. Nevertheless, a meteorite brings extraterrestrial life to the planet. The movie is expected to be theatrically released in Asia this year, having taken six years to produce.

Ella Wong, the Chief Financial Officer of One Coo Group, pointed out:

“We are so excited to unlock the limitless potential of the entertainment industry powered by blockchain for our next-gen users. Our upcoming film titled Warriors of Future serves as a pioneer in such a collaboration, which allows us to explore more possibilities in the future.”

“We look forward to connecting the best of the entertainment industry in ways and experiences that were not possible before,” he added.

Through the partnership between One Cool Group and Gusto Collective, Warriors of Future NFT seeks to be the first series of a long-term Web3 and entertainment IPs’ integration projects.

Aaron Lau, the founder and CEO of Gusto Collective, stated:

“Web3 is the future of entertainment. It’s a game-changer with a vision for a more open, decentralized, and secure internet, enabled by advances in technologies like blockchain and machine learning. The emerging concept of ownership of digital assets has immense potential.”

Meanwhile, the Abu Dhabi Global Market (ADGM) revealed plans to offer licensed exchanges the chance to trade NFTs earlier this year.

Image source: Shutterstock

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Bored Ape Yacht Club Enters the Movie Scene, Pairing with Coinbase

by Blockchain News

Seen as the face of the non-fungible token (NFT) market, the Bored Ape Yacht Club (BAYC) has entered the silver screen based on a series of animated short films called “The Degen Trilogy.”

Bored Apes will serve as characters in the film to be hosted by the new media arm at Coinbase. The crypto exchange is expanding its scope by testing the field of film production. 

The first three episodes of the series will be aired at an NFT industry event called NFT.NYC is slated for June.  

For consideration in the series, Bored Ape owners have been asked to submit their apes together with character descriptions to be scrutinized by a Hollywood casting director.

William Swann, the marketing director at Coinbase, noted:

“You can think of this as a love letter to the NFT tech that has provided so much creative liberation for artists. We really look at (Bored Apes) as sort of our North Star in the NFT space. They’ve created such a massive and engaging community.”

Upon release, the Coinbase website will serve as the gateway to accessing the films because viewers will be required to create a Coinbase wallet. 

The series will also tie in with the launch of Coinbase’s NFT marketplace, according to Swann. 

He added that the Bored Apes would not be the only NFTs aired on the big screen because Mutant Apes by Yuga Labs, the blockchain startup behind the Bored Ape Yacht Club, would get similar treatment.

Nicole Muniz, Yuga Labs CEO, stated:

“We’re seeing how NFTs are evolving to be vehicles of access and participation in networks, games, merchandise and now interactive entertainment. This is a breakthrough project and we’re excited to see how this shapes the future of Web 3 for all communities.”

Meanwhile, Yuga Labs raised funds worth $450 million in March. As a result, the funds effectively placed the blockchain startup at a $4 billion valuation. The team aimed to inject the funds into building a media empire that would predominantly feature NFTs.

This fundraising came days after Yuga Labs unveiled a metaverse project dubbed the “Otherside”. The teaser featured an animated Bored Ape NFT smoking Tobacco in what appeared to be a metaverse-themed world.

The Bored Ape made connections with other Yuga Labs-backed NFT collections housed in what looked like a spaceship. 

Image source: Shutterstock

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South Korean Movie Industry Embraces NFTs by Offering Merchandise and Collectible Tickets

by Blockchain News

To attract more viewers, the movie industry in South Korea has gone a notch higher by incorporating non-fungible tokens (NFTs) as a marketing tool. 

With NFTs taking the world by storm, the Korean movie sector has not been left out of this bandwagon since December 2021 by offering NFT merchandise and collectable tickets to a limited number of moviegoers. 

For instance, Lotte Cinema and Warner Bros. gave out NFT merchandise to the first 30,000 people who purchased tickets during the release of “The Matrix Resurrections.” 

A Lotte Cultureworks spokesperson said:

“All of the 30,000 NFT products were given out to the audiences. NFTs are trendy these days, so there is no reason not to do an event like this again.”

The spokesperson added that the NFT merchandise, which includes exclusive scenes of the movie and two signed posters, was sparking curiosity, thus attracting a larger audience. 

NFTs are seen as a game-changer

According to Director Cho, NFTs are expected to be a stepping stone towards more revenue in the Korean movie business in the post-pandemic era. He stated:

“We anticipate NFTs to open up new possibilities in the film market, which has been stagnant due to the COVID-19.”

NEW, a film distributor, is eyeing to propel NFTs to an advanced stage, given that it announced the sale of 3,000 generative art NFTs developed using the IP address of upcoming film titled Special Delivery found on the leading NFT platform OpenSea. 

With NFTs taking the form of digital images where the buyer owns the link of the image as proof of ownership, a University of Sussex expert recently opined that NFTs would be “everywhere in the future because anything requiring evidence of ownership will be an NFT”. 

Image source: Shutterstock

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NFTs Are Now Looking to Shape The Future Of The Film Industry

by Blockonomi

Following Marvion’s acquisition of Bonanza Goldfields Corp., it officially announced its intent to to introduce the world’s first hybrid-NFTs (h-NFTs).

The launch is scheduled on the OKEx NFT marketplace on 5 October 2021.

Dubbed “Lockdown”, the global thriller is Asia’s 1st NFT film to star a diverse cast of actors from around the world, including Xander Berkeley (The Walking Dead) and Hong Kong actress Anita Chui (OCTB).

Experts predict that NFT (Non-fungible token) will shape the future of the entertainment industry, giving different perspectives to blockchain investment and contribution.

Marvion and OKEx

The film is scheduled to be released in the UK in November this year, with the UK Premiere screening taking place on October 7, 2021, according to the studio.

Marvion will roll out two limited-edition film h-NFTs and five limited-edition UK premiere h-NFTs on the OKEx NFT marketplace to support the movie production in the UK.

The motive behind Marvion’s choice is because OKChain implements Delegated Proof of Stake (DPoS) consensus mechanism – an advanced and efficient version of the existing Proof of Stake consensus mechanism.

Buyers get a blockchain-stored package of advantage when purchasing an h-NFT for a film, including:

  • ownership of the movie file

  • non-exclusive perpetual worldwide

  • non-commercial, and non-profit license to privately view the film in private premises

  • a copy of the sale and purchase agreement (SPA) granting the license to mint and sell NFTs in respect of the film

Following the viewing, the h-NFT owner would have the option to resell the item under the terms of the agreement.

To celebrate the UK premiere of h-NFTs, each h-NFT will contain two exclusive invitations for its holder to attend the gala premiere, which will include the actors as well as members of the entertainment industry.

Those who purchase tickets will also be able to participate in any subsequent online events and community sessions with the cast and crew.

After the event, the art work of the ticket contained in the h-NFT should be preserved as a valuable memento of a rare, beautiful, and one-of-a-kind experience that should be preserved.

Axis To Launch NFTtoday.tv Channel

Official news from the Axis Technologies Group reveals the introduction of a new channel – the NFTtoday.tv.

The channel will be featured on Roku TV, Apple TV, Amazon Fire and both iOS and Google applications in November 2021.

The purpose of this launch is to show dedication to the growth of NFT entertainment.

That said, the channel will feature a series of NFT-related products, from game tutorials, resources, reviews, films, music videos and other media. In addition to NFT, it also highlights DeFi, digital assets and cryptocurrencies.

Along with the release of NFTtoday.tv, ETHFUND.io also has plans to introduce its first NFT drop for pilot documentary – the NFT Revolution Documentary. The doc is expected to have participation from Hollywood cast.

The first NFT Drop on the ETHFUND.io platform is set to be public on October 18, 2021.

Commenting on these launches, Axis highlighted the significant growth of NFT in the entertainment industry, specifically in cinematography.

“Godzilla vs. Kong” paved the road for growing mainstream adoption. This major movie was a success. The new “Space Jam” movie also tool the spotlight, with 91,000 NFTs accompanied as free and cheap collectible digital cards.

Those first steps opened a door that the other movies wanted to follow in order to get more fan engagement and generate new sales. John Wick, The Hunger Games, and Mad Men will be the next names seeking to launch NFTs.

Overall, it is clear that NFTs have amazing potential, not only in the world of fine art, but also in the media sphere. These early test of the tech will show how well NFTs fit into the industry as a whole.

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In The Mood For Auction: Wong Kar-Wai ‘s First NFT Available At Sotheby’s

by NEWSBTC

Legendary Hong Kong director Wong Kar-Wai will be minting an “In The Mood For Love” NFT soon. Revered fine art auction house Sotheby’s will broker the deal. The NFT will contain never-before-seen footage from the first day of filming. How rare does that make it? Considering “In The Mood For Love” is one of the most critically acclaimed films of the century, what does this mean for the NFT space? What does it mean for Asian cinema?

Related Reading | Everything We Know About The Fake Banksy NFT That Sold For 100 ETH

So far, this trailer for the whole event is all we have:

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In the description box, Sotheby’s presents its Modern Art Sale in Hong Kong:

“Celebrated auteur Wong Kar Wai will bring his avant-garde aesthetic to Sotheby’s this October. The first Chinese filmmaker to win Best Director at the Cannes Film Festival, Wong’s sensuous cinema embodies the spirit of Modernism so it is only fitting that we will be working together on our Modern Art Sale in Hong Kong.“

ETHUSD price chart for 09/09/2021 - TradingView

ETHUSD price chart for 09/09/2021 - TradingView


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Tell Me More About Wong Kar-Wai ‘s First NFT 

Every time film critics vote, “In the Mood for Love’s” name appears among the best films of the century. Its reputation has only increased since its 2000 release. Along with Wong Kar-Wai ‘s “Days of Being Wild” and “2046,” “In the Mood for Love” is the best-known part of an informal trilogy. And now, a lucky soul can own a digital representation of unreleased footage from the movie. In it, the two main actors play different characters than those in the movie. How rare!

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The auction house describes the item as:

“The star lot of Sotheby’s Modern Art Evening Sale on 9 October is the debut of Wong Kar Wai’s first ever NFT creation – “In the Mood for Love – Day One” – edited from never-before-seen footage shot on the first production day of the international masterpiece, “In The Mood For Love” (2000).”

And they quote Wong Kar-Wai himself, saying:

“Today, we are able to eternalize this first day in a brand-new form. In the world of blockchain, this arrow can chart a new course. Here’s to more of us that will live and chase that first spark in every flash.”

What Does The NFT Contain?

This rhymes with the whole Wong Kar-Wai trilogy in more ways than one. “In the Mood for Love’s” main actors, but as completely different characters. What a concept.

“Unveiled for the very first time, the NFT short film contains rare footage starring Tony Leung and Maggie Cheung as characters utterly different from the iconic lovers in the original film. This unique artwork celebrates the critical and wondrous moment when a creative idea is first conceived, while marking the first Asian film NFT ever to be offered in international auction houses.”

Will this extremely rare NFT that has a concept behind it and it’s backed up by a legendary piece of cinema break some records? So far, the world’s most expensive NFT is Beeple’s “Everydays: The First 5000 Days.” Rival auctioneers Christie’s sold it for $69,3M. That doesn’t mean Sotheby’s hasn’t been part of the game. They sold CryptoPunk #7523, AKA Covid Alien, for $11.8M.

Related Reading | NewsBTC: Crypto Trading Course. For Free.99

Currently, Sotheby’s is auctioning a lot of 101 Bored Ape Yacht Club NFTs. The highest bid is $19M and the lot closes in approximately 9 hours. Participate while you can. Or save your money for the Wong Kar-Wai one.

Featured Image: Screenshot from "In The Mood For Love" NFT | Charts by TradingView TradingView

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