RE: A New Way to Fund Feature Films Based on Steemit's block chain through Smart Media Tokens?

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A New Way to Fund Feature Films Based on Steemit's block chain through Smart Media Tokens?

in film •  7 years ago 

Sounds like a great idea, it would be good to be able to do a test on the idea.

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  ·  7 years ago (edited)

I don't know if it's feasible on Steemit yet because the payout system has seven day payout, but if you think about it the current system is just an auction anyway. Some-one told me they thought this would be possible on EOS.

OK I've read it a couple of times and I think I get it, what I don't understand is after this budget and this Film is made what happens then do you still have to go to a Distributor

No that's kind of the point Glen. Nothing happens any different with the Distributor after the film is made other than you only have to go to them if you want, and from a position of strength. Under this model the Film team don't have to go to the Distributor for funding. They can make the film and they already have their stakeholders as the core audience. Then when the film's done there are going to be a thousand new ways to distribute it.