Decentralization is coming to the film industry through The Fringe project. Filmmakers Zeek Earl and Chris Caldwell just announced their futuristic dream: giving film ownership to the community. They will be launching their upcoming sci-fi movie with funds from the community, with hopes of keeping it out of the hands of large film companies. Ideally, the mint and royalties from the collection will be enough to finance the film.
The Fringe is a 10k project, set to release in March 2022 on the Ethereum blockchain. This collection is made possible through the collaboration with TAKA Artist Collective, and it sure is looking good. The NFTs within this collection are called Drifters. Interestingly, the name stemmed from the fact that many do not understand the filmmakers’ direction, perceiving them as drifters.
What’s in it for you?
Firstly, owning a Drifter gives you behind-the-scenes access to the upcoming movie. In addition, owners will instantly become members of the creative incubator. Members can then attend members-only events and competitions, both digital and physical.
Most importantly, the filmmaking process will be shared with the owners. This rare opportunity grants access to the artists and various seminars regarding the worldbuilding process. By the way, the full list of benefits is not even complete yet.
Movie NFTs are not entirely new. Movies such as 83 and Scream have joined the Web3 movement, and I’m sure more is to come. If decentralization is your cup of tea, The Fringe’s initiatives and what they stand for should get your motor running, whether you’re into sci-fi or not. The team will soon release more details about the drop. Meanwhile, you can check out some of the artefacts on their website.
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