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<v Speaker 1>You are listening to the IFAH podcast Network. For more

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<v Speaker 1>amazing filmmaking and screenwriting podcasts, just go to ifagpodcastnetwork dot com.

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<v Speaker 2>Welcome to the Bulletproof Screenwriting Podcast, Episode number four zero eight.

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<v Speaker 2>First Think, Second Dream, Third, Believe, and finally dare.

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<v Speaker 1>Walt Disney broadcasting from a dark, windowless room in Hollywood

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<v Speaker 1>when we really should be working on that next draft.

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<v Speaker 1>It's the Bulletproof Screenwriting Podcast, showing you the craft and

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<v Speaker 1>business of screenwriting while teaching you how to make your

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<v Speaker 1>screenplay bulletproof.

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<v Speaker 2>And here's your host, Alex Ferrari. Welcome, Welcome to another

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<v Speaker 2>episode of the Bulletproof Screenwriting Podcast. I am your humble host,

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<v Speaker 2>Alex Ferrari. Now, today's show is sponsored by Bulletproof Script Coverage. Now.

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<v Speaker 2>Unlike other script coverage services, Bulletproof Script Coverage actually focuses

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<v Speaker 2>on the kind of project you are in the goal

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<v Speaker 2>of the project you are, so we actually break it

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<v Speaker 2>down by three categories, micro budget, indie film, market, and

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<v Speaker 2>studio film. There's no reason to get coverage from a

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<v Speaker 2>reader that's used to reading temp pole movies when your

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<v Speaker 2>movie is going to be done for one hundred thousand

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<v Speaker 2>dollars and we wanted to focus on that. At Bulletproof

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<v Speaker 2>Script Coverage, our readers have worked with Marvel Studios, CIA, WME, NBC, HBO, Disney,

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<v Speaker 2>Scott Free, Warner Brothers, The Blacklist, and many many more.

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<v Speaker 2>So if you need your screenplay or TV script covered

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<v Speaker 2>by professional readers, head on over to covermiscreenplay dot com. Well, guys,

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<v Speaker 2>today we are going to be tackling NFTs. Now. We

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<v Speaker 2>have been talking about NFTs on the show recently, and

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<v Speaker 2>we've been talking about blockchain and all the new technologies

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<v Speaker 2>that are going to be hopefully helping independent filmmakers generate

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<v Speaker 2>revenue for their film. But I was reached out to

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<v Speaker 2>by a couple of filmmakers, Anthony Gibson and Zach Loona

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<v Speaker 2>and their new distribution model using NFTs called Patron Self

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<v Speaker 2>Distribution or the PSD model, and it was really interesting

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<v Speaker 2>and I wanted to have them on the show so

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<v Speaker 2>we could dig into how they're doing it, how they've

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<v Speaker 2>generated money with it already, and how they're continuing to

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<v Speaker 2>not only generate money with it for this film, but

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<v Speaker 2>they're already planning for their next one as well. So,

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<v Speaker 2>without any further ado, please enjoy my conversation with Anthony

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<v Speaker 2>and Zach. I like to welcome to the show, Anthony

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<v Speaker 2>Gibson and Zach Lona. How you guys doing do.

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<v Speaker 3>An excellent Thanks for having us, Alex oh.

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<v Speaker 2>Man, thank you so much for coming on the show.

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<v Speaker 3>Man.

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<v Speaker 2>You guys reached out to me, and I get reached

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<v Speaker 2>out to on a daily basis to be on the show,

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<v Speaker 2>and I get pitches constantly. But when I saw what

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<v Speaker 2>you guys were doing, I was like, this is interesting.

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<v Speaker 2>And of course you hit a very sweet spot right now,

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<v Speaker 2>which is blockchain NFT's new alternative distribution models using technology

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<v Speaker 2>to empower the filmmaker, because there's been a slight history

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<v Speaker 2>of filmmakers being taken advantage of by distribution. I'm not

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<v Speaker 2>saying many, but to say the just a couple. I

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<v Speaker 2>mean it's it's not the norm or anything, but but yeah,

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<v Speaker 2>I want to bring you guys on a show to

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<v Speaker 2>talk about your amazing new way of distributing through the

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<v Speaker 2>blockchain through NFTs. But before we even get to that,

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<v Speaker 2>how did both of them get into the business.

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<v Speaker 4>So we actually met each other in Chicago. We were

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<v Speaker 4>both based in Chicago at the time, and Anthony since

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<v Speaker 4>moved to La. So we met through our cinematographer Zach

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<v Speaker 4>Green on a feature length project which was my directorial debut,

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<v Speaker 4>is called He Who Lives in Hidden Lakes, which is

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<v Speaker 4>the subject of this project here and then Anthony and

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<v Speaker 4>I have since worked on that very closely with his

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<v Speaker 4>production skills.

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<v Speaker 2>Cool. And that's how you guys got together and what

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<v Speaker 2>made you get into the business, Anthony.

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<v Speaker 5>Oh yeah, I mean made me get into it. I

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<v Speaker 5>just love movies.

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<v Speaker 6>My grandpa used to chase me around his house wearing

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<v Speaker 6>wolf mask and.

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<v Speaker 5>Brought me into the world via horror movies.

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<v Speaker 2>Grandpa, that's an amazing pot.

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<v Speaker 6>Yeah, he was big in horror, big in westerns. It's

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<v Speaker 6>one of my first memories. We're like in his kitchen

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<v Speaker 6>and he's chasing you around in that mask, and it's

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<v Speaker 6>interesting to have a first memory of feeling like you're

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<v Speaker 6>about to be eaten by a monster. And I feel

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<v Speaker 6>like that's informed the rest of my life, basically maybe

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<v Speaker 6>into his Zax movie here.

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<v Speaker 2>So I think this is uh, this is where the

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<v Speaker 2>therapy begins, Anthony. So, so you guys came up with

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<v Speaker 2>this new idea called the patronized self distribution model using

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<v Speaker 2>NFTs essentially, can you explain to the audience. And we've

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<v Speaker 2>had other episodes about this, but I just want to

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<v Speaker 2>kind of carry the baseline. What is an NFT in

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<v Speaker 2>the simplest, simplest terminology.

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<v Speaker 4>Yeah, this is always a tough one, right because it's

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<v Speaker 4>so new, and it's like I'll give Anthony, I'll give

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<v Speaker 4>my definition, and then I've thought a lot about about

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<v Speaker 4>how to position this and essentially how I think of

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<v Speaker 4>it is, it's a immutable function on a blockchain that

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<v Speaker 4>represents a asset like a work of art, a film,

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<v Speaker 4>a house alone, something like this where it's universally verifiable.

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<v Speaker 4>So anyone, no matter who you are, where you are,

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<v Speaker 4>you can come into the blockchain code and you can

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<v Speaker 4>verify that this token, this NFT represents this whatever it is.

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<v Speaker 2>So basically that's more confusing than it was before. So

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<v Speaker 2>now I'm actually more confused about what an NFT is

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<v Speaker 2>and I know what an NF is. No, I'm joking,

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<v Speaker 2>so you you don't quit your day job. No, Basically,

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<v Speaker 2>to my understanding, you guys can explain to this. An

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<v Speaker 2>NFT essentially is a digital baseball card, a digital comic book,

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<v Speaker 2>a digital painting. As a one off or multiple versions

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<v Speaker 2>or a limited edition print of something. So there's a

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<v Speaker 2>fifty fifty limited to fifty of this, or only one

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<v Speaker 2>of this, and it's just a digital version of Spider

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<v Speaker 2>Man number one, but there's only maybe one of them,

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<v Speaker 2>or they could be one hundred of them, or could

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<v Speaker 2>be a thousand of them, depending on how many you

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<v Speaker 2>release out there. Is that a fair explanations?

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<v Speaker 6>Yeah, you know, I think, like for me, the term

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<v Speaker 6>in my mind is like digital physical or physical digital.

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<v Speaker 6>It's like a thing that exists like as itself that

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<v Speaker 6>you can sell as a singular item the same way

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<v Speaker 6>that you would have any other merchandise.

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<v Speaker 5>You can do that now with an NFT. It's a

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<v Speaker 5>way to buy and sell means basically.

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<v Speaker 4>Yeah, it's a way to facilitate digital ownership of something.

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<v Speaker 3>Right.

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<v Speaker 2>And then when you were saying blockchain, I mean, I

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<v Speaker 2>know what blockchain is, so you know the basics of blockchain.

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<v Speaker 2>If you want to know about the basis of blockchain

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<v Speaker 2>and what NFTs are based on, I have multiple episodes

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<v Speaker 2>and I'll link that in the show notes on blockchain

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<v Speaker 2>explain nations of it and what it all means in

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<v Speaker 2>our world. Because that's a long conversation, and I think

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<v Speaker 2>we have already had that conversation, so I just really

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<v Speaker 2>want to focus on what you guys are doing, but

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<v Speaker 2>I'll put that in the show notes, guys. So tell

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<v Speaker 2>me then, what is a patronized self distribution model or

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<v Speaker 2>a PSD model?

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<v Speaker 4>Yeah, so patronized self distribution is a way to not

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<v Speaker 4>necessarily actually release your film, but it's a way to

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<v Speaker 4>verifiably own the film as a.

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<v Speaker 3>Work of art.

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<v Speaker 4>So a lot of projects that have been experimenting with

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<v Speaker 4>n fts in the film space have been sort of

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<v Speaker 4>in an addition or in a like you could, like

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<v Speaker 4>you were saying earlier, you could buy multiple versions of

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<v Speaker 4>it like you have like a limited DVD release.

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<v Speaker 3>Or something like this.

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<v Speaker 4>What patronized self distribution does is that it it mints

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<v Speaker 4>a scarce token of your film. So you're not thinking

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<v Speaker 4>of your film as a fungible asset anymore where everyone

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<v Speaker 4>can go to Netflix or Amazon Prime and see it.

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<v Speaker 4>Now you're thinking of it as almost like a piece

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<v Speaker 4>of fine art, like a unique one of one painting.

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<v Speaker 4>So then that is then mapped to the token, and

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<v Speaker 4>then on top of that, you can sell that token

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<v Speaker 4>as a sort of non fungible piece of art, and

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<v Speaker 4>then the economic aspect of it that we've designed that

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<v Speaker 4>comes into it grants the owner of that n FT,

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<v Speaker 4>which is representing your film in all of its singular

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<v Speaker 4>artistic glory and all the blood and sweat tears you

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<v Speaker 4>put into it.

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<v Speaker 3>It also gives utility to the owner.

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<v Speaker 4>So usually that's going to be mean like an economic

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<v Speaker 4>benefit like a perk. You can also have like crowdfunding

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<v Speaker 4>type benefits with it with you know, maybe you can

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<v Speaker 4>have dinner with the director and producer. But really what's

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<v Speaker 4>what's what's going to make it the most powerful, both

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<v Speaker 4>for both you as a filmmaker and your patron, is

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<v Speaker 4>the sort of economic benefit to owning this token.

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<v Speaker 2>Right, So when you're saying so basically, someone let's say

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<v Speaker 2>I buy your movie for five grand your NFT. According

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<v Speaker 2>to what I read in your on your on your website,

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<v Speaker 2>you whoever buys that token would also get fifty percent

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<v Speaker 2>of all streaming revenue from here on to eternity, essentially

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<v Speaker 2>im perpetunity. Oh yeah, okay, so then they would come

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<v Speaker 2>in so now I own it. I bought it for

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<v Speaker 2>five thousand dollars, and now after I've purchased it it

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<v Speaker 2>releases the film because the film would had not been

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<v Speaker 2>released at that point yet, right.

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<v Speaker 3>Yes, exactly, So there are many ways.

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<v Speaker 4>Really the sky is the limit with what you can

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<v Speaker 4>do with NFTs, which is really like the power of

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<v Speaker 4>it is like this is completely untapped potential and there's

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<v Speaker 4>use cases for this stuff that no one has even

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<v Speaker 4>thought of yet.

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<v Speaker 2>We'll be right back after a word from our sponsor

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<v Speaker 2>and now back to the show.

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<v Speaker 4>So this is a new one that we thought we

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<v Speaker 4>would experiment with where we're saying, okay, we're going to

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<v Speaker 4>mint our feature film as a one of one token,

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<v Speaker 4>which hasn't been done before to our knowledge, and then

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<v Speaker 4>we're also going to give an economic benefit to owning

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<v Speaker 4>the token, and that just exists in perpetuity. So the

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<v Speaker 4>potential that that unlocks is you can trade the token.

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<v Speaker 3>Again.

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<v Speaker 4>It's again we're thinking of the film as like a

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<v Speaker 4>painting or a piece of fine art. Now where you

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<v Speaker 4>can now there's now a secondary market for that for

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<v Speaker 4>that film, and along with the economic benefit that which

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<v Speaker 4>transfers on the resale of the token, the new owner

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<v Speaker 4>of the film token will then receive that fifty percent cut.

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<v Speaker 4>So we can get into a little bit more, but

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<v Speaker 4>it's powerful.

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<v Speaker 6>Yeah, you know, it's really like an exploration of incentive

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<v Speaker 6>and figuring out like what we can do within this

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<v Speaker 6>new technology to explore new models for small business. I mean,

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<v Speaker 6>I think of myself as like a small business filmmaker,

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<v Speaker 6>and this is like, like this new modality is allowing

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<v Speaker 6>people to enter a space and be new and to

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<v Speaker 6>define it and to set up new norms, which is

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<v Speaker 6>really exciting. And so I think like in this case,

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<v Speaker 6>it's like, well, we had this feature film that we

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<v Speaker 6>had produced and we wanted to see what we.

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<v Speaker 5>Could do to distribute it ourselves.

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<v Speaker 6>And that was like along came this conversation about NFTs,

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<v Speaker 6>and we just kind of racked our brains around like, well,

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<v Speaker 6>what does the incentive look like and what could scenario

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<v Speaker 6>be that would put something in the hands of the

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<v Speaker 6>person who bought it, but also give us an opportunity

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<v Speaker 6>to have an entirely new platform. And that's it's awesome

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<v Speaker 6>about these aggregators. It's like you can self distribute your movie,

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<v Speaker 6>you know. And the terms that just happened to be

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<v Speaker 6>attached to our NFT was we're not going to touch

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<v Speaker 6>the aggregator until it's purchased and that was the term.

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<v Speaker 2>Right, And and the thing is too that well, I'm

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<v Speaker 2>assuming that the budget of the film was at a

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<v Speaker 2>point where a five thousand dollars nf T made cents,

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<v Speaker 2>because if you spent a quarter of a million, half

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<v Speaker 2>a million dollars on a movie, that doesn't make financial

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<v Speaker 2>sense to give half of your streaming revenue away. So

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<v Speaker 2>it's kind of like, you know, it depends. But let's say,

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<v Speaker 2>for example, that I have a movie that has a

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<v Speaker 2>star in it, even a not a not Brad Pitter,

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<v Speaker 2>you know, or Leonardo DiCaprio, but just a basic you know,

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<v Speaker 2>a star power that has a fan base. Uh, and

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<v Speaker 2>then we put it up for auction as opposed to

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<v Speaker 2>locking it in. Did you you guys locked it in

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<v Speaker 2>a five thousand right?

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<v Speaker 3>Oh? Yeah. We put it to auction.

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<v Speaker 4>So we actually got a couple of bids in and

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<v Speaker 4>our starting auction was one ether, which I think at

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<v Speaker 4>the time was Yeah. So we we got a couple

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<v Speaker 4>of bids in there and it went up to two

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<v Speaker 4>point two five ether, which was the strike price.

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<v Speaker 3>So that was really cool to see the bids come

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<v Speaker 3>in for this thing.

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<v Speaker 4>That means that there's definitely like an inkling of a

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<v Speaker 4>market forming around this stuff.

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<v Speaker 2>But yeah, so all right, So then so if we

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<v Speaker 2>put the bid out and let's say that bid gets

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<v Speaker 2>up to seventy five hundred thousand dollars, that's a very

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<v Speaker 2>feasible thing, especially if you're guaranteed fifty percent of streaming

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<v Speaker 2>revenue coming in, and that's a massive It could be

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<v Speaker 2>massive depending on the kind of revenue you're creating. Where

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<v Speaker 2>you're being put on. Is that you know, transactional? Is

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<v Speaker 2>that AVOD? Is that SVOD? Is that p VOD? What

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<v Speaker 2>what you know? You can define all that in your

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<v Speaker 2>NFT is that is that?

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<v Speaker 4>Right? Yeah, that's correct, so with ours And I'm sure

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<v Speaker 4>everyone is listening to thinking like what are these guys

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<v Speaker 4>doing giving a fifty percent, Like we haven't gotten into

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<v Speaker 4>like why we think that's a good deal, right, But yes,

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<v Speaker 4>you can define any of that within the economics if

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<v Speaker 4>you're token. It just so happens that we're including like

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<v Speaker 4>you know, AVOD, t VOD, every anywhere. It's the owner

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<v Speaker 4>of the ift gets a fifty percent cut of our production.

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<v Speaker 4>Companies grow so not like the entire growth, so just

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<v Speaker 4>what we take home.

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<v Speaker 2>So the so then the question is why the hell

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<v Speaker 2>did you do this and how does this make make

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<v Speaker 2>any sort of financial sense whatsoever.

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<v Speaker 4>Yeah, so it's it's an expense, like Anthony said, you know,

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<v Speaker 4>it's an experiment in incentives and maybe do you want

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<v Speaker 4>to take this one?

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<v Speaker 2>But I'm assuming it's an experience because I experimented to

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<v Speaker 2>my first film was five grand, at the second film

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<v Speaker 2>was three grand. I experimented because my budgets were extremely low.

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<v Speaker 2>I didn't experiment with fifty or one hundred grand because

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<v Speaker 2>I'm not rolling that deep just yet. So I'm assuming

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<v Speaker 2>that the budget justifies this kind of of risk or

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<v Speaker 2>this kind of experiment. Does that make sense totally?

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<v Speaker 5>Yeah?

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<v Speaker 6>I mean, and Zach can probably share more about where

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<v Speaker 6>like the budget's coming from and all that stuff. But

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<v Speaker 6>for us, yeah, we were very much in a place where,

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<v Speaker 6>you know, like a one ether deal at a certain point,

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<v Speaker 6>for the one to one NFT was more interesting to

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<v Speaker 6>us than maybe recouping any money like all of the

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<v Speaker 6>funding back within the actual purchase of the NFT, but

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<v Speaker 6>also to give away fifty percent of the streaming rights.

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<v Speaker 6>I think for us, what's most interesting about it is

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<v Speaker 6>the experimentation and saying, look like we're trying something new.

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<v Speaker 5>We happen to have something.

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<v Speaker 6>That we're willing to take a risk with, and it's like, hey,

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<v Speaker 6>like if this means that more people would watch it,

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<v Speaker 6>Like the idea of like giving up more money was

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<v Speaker 6>okay because it's actually just about the piece of work

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<v Speaker 6>itself and also what this could mean for the future,

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<v Speaker 6>because everything, every project you get at alex is like

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<v Speaker 6>a case study in like business and economics and all

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<v Speaker 6>these kinds of things, and it's every project is going

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<v Speaker 6>to have a new audience. And it's like someone who's

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<v Speaker 6>buying soap and someone who's buying toothpaste, but they buy

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<v Speaker 6>different kinds of things. You have to find another way

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<v Speaker 6>to sell to that person. And it's like, well, the

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<v Speaker 6>only way we're going to get to that knowledge is

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<v Speaker 6>if we take the thing that we already have and

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<v Speaker 6>put forth and say we're putting all we're going all

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<v Speaker 6>in on our chips here because.

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<v Speaker 5>Something on the other side of this is going to

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<v Speaker 5>tell us what to do next.

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<v Speaker 4>Yeah, and to be specific about you know why we're

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<v Speaker 4>actually saying this is the utility that we're gonna grant

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<v Speaker 4>with this NFT is the trying to capitalize on the

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<v Speaker 4>incentive of either someone buying it out of the gate

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<v Speaker 4>or on the secondary market of someone who it's It's

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<v Speaker 4>almost like a like a high renaissance artist patron relationship

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<v Speaker 4>where the kind of person who has the money to

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<v Speaker 4>allocate to this kind of you know, merchandise or artwork,

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00:16:37.320 --> 00:16:43.080
<v Speaker 4>they might have an influence in the greater world where

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<v Speaker 4>we call it in the crypto space, pumping their bags,

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<v Speaker 4>you know. So you're like, Okay, I just bought this NFT.

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<v Speaker 4>I want to show it to everyone. So the more

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<v Speaker 4>the meme gets out there that this is a movie

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<v Speaker 4>and you should watch it, the more valuable that the

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<v Speaker 4>original NFT becomes. So the idea is the person who

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<v Speaker 4>buys this either one has an incentive to sell it

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<v Speaker 4>to someone with a large audience essentially or some influence,

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<v Speaker 4>or the person who acquires it outright can acquire it

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<v Speaker 4>for a cheaper price, like say five thousand dollars, which

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<v Speaker 4>if we're talking about artwork, isn't really that much.

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<v Speaker 3>But then they can say, Okay, I have.

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<v Speaker 4>An audience of you know, maybe a million people, and

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<v Speaker 4>maybe I'm like a.

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<v Speaker 3>Big YouTube streamer. I could drop five thousand dollars on

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<v Speaker 3>this film.

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<v Speaker 4>You know shaw it to my audience, and then within

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<v Speaker 4>a couple of months, I've made my initial investment back.

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<v Speaker 4>And also now that all of my audience has seen

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<v Speaker 4>this film.

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<v Speaker 3>More people love it. More people love it.

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<v Speaker 4>The more cultural gravitas that the film has, the more

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<v Speaker 4>cultural gravitas that the film has, the more value that

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<v Speaker 4>the original film AFT you can capture on the secondary market.

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<v Speaker 4>So it's almost like an incentive engine to keep things

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<v Speaker 4>going and pump the bag.

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<v Speaker 3>Essentially.

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<v Speaker 2>That's it's I know a lot of people listening to this,

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<v Speaker 2>so like, what are these two guys, What are these

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<v Speaker 2>three guys talking about? These guys are insane. But look

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<v Speaker 2>we're and I told you guys this before we started.

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<v Speaker 2>I've said this a million times on the show before.

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<v Speaker 2>Is that we're in the Internet nineteen ninety six. We're

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<v Speaker 2>still trying to figure out what HTML is. We're still

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<v Speaker 2>trying to figure out what JPEG is. We're still trying

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<v Speaker 2>to get faster than dial up modems to log onto

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00:18:22.839 --> 00:18:26.200
<v Speaker 2>the Internet without stealing an AOL disc from a magazine

353
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<v Speaker 2>in a Barnes and Noble. That's how old I am.

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<v Speaker 2>So you know, that's where we are with NFTs, with blockchain,

355
00:18:34.119 --> 00:18:38.519
<v Speaker 2>with all this, we're at a very very basic beginning level.

356
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<v Speaker 2>And it's been around for I don't know, since two

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<v Speaker 2>thousand and eight, when bitcoin showed up and the concept

358
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<v Speaker 2>of blockchain showed up, we were around. It's been around

359
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<v Speaker 2>that long, and it's taken that long to get to

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<v Speaker 2>where we are now, and people are starting to figure

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<v Speaker 2>things out. And again, I've talked about NFTs at nauseum

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<v Speaker 2>some of these episodes, so you can go deeper into that,

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<v Speaker 2>but I'm curious, Okay, So obviously the budget made sense,

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00:19:07.440 --> 00:19:11.640
<v Speaker 2>The benefits make sense for the investor who buys this. Now,

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<v Speaker 2>something that people might not understand is that if I

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<v Speaker 2>buy your NFT, I resell it for twenty grand, you

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00:19:18.200 --> 00:19:21.039
<v Speaker 2>get ten percent of that for perpetuity. If that sells

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<v Speaker 2>for twenty grand and then a year or two later

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00:19:23.480 --> 00:19:25.440
<v Speaker 2>it sells for forty grand, you just made another four

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<v Speaker 2>thousand bucks. And it keeps going and going and going

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<v Speaker 2>and going, and hopefully your next movie is you know,

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<v Speaker 2>Taxi Driver, you know, circa twenty twenty one, and then

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<v Speaker 2>you blow up as a filmmaker. Well, the value of

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00:19:37.799 --> 00:19:41.960
<v Speaker 2>that NFT astronomically goes up. And I think you use

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<v Speaker 2>the example of George Lucas. If George Lucas had a

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<v Speaker 2>theorem and NFT, what would the Star Wars NFTV? And

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00:19:46.880 --> 00:19:48.839
<v Speaker 2>I've said, what is this? What would Taxi Driver be?

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00:19:48.880 --> 00:19:53.200
<v Speaker 2>What would be Ambulance? You know Spielberg's first short film

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<v Speaker 2>as an NFT What would that be worth today if

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00:19:56.200 --> 00:19:58.759
<v Speaker 2>it would have been treated as such and the technology

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00:19:58.759 --> 00:20:03.279
<v Speaker 2>existed when that came out? So is that right? We'll

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<v Speaker 2>be right back after a word from our sponsor and

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<v Speaker 2>now back to the show.

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<v Speaker 3>Exactly. Yeah, we're so.

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<v Speaker 4>I come from more of a fine art background myself.

386
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<v Speaker 4>I didn't start in film. I just sort of arrived

387
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<v Speaker 4>at film as a consequence of feeling like that that

388
00:20:22.519 --> 00:20:24.960
<v Speaker 4>was the best medium for my creative.

389
00:20:24.599 --> 00:20:25.440
<v Speaker 3>Ideas to live.

390
00:20:25.680 --> 00:20:29.039
<v Speaker 4>So I'm coming at it from I'm trying to kind

391
00:20:29.079 --> 00:20:32.680
<v Speaker 4>of combine these two worlds where now we have an opportunity,

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00:20:32.720 --> 00:20:37.720
<v Speaker 4>because of this NFT technology to assign cultural value that

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<v Speaker 4>translates to economic value, to like these priceless film cultural artifacts.

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00:20:43.400 --> 00:20:46.000
<v Speaker 4>I mean, film is such a big part of you know,

395
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<v Speaker 4>our culture, and you know, you can argue that it's

396
00:20:48.720 --> 00:20:51.240
<v Speaker 4>sort of got a lot of competition these days, which

397
00:20:51.240 --> 00:20:55.440
<v Speaker 4>it does, but that's an opportunity for independent filmmaking at

398
00:20:55.480 --> 00:21:00.440
<v Speaker 4>this level to sort of ascend socially and in terms

399
00:21:00.440 --> 00:21:03.039
<v Speaker 4>of its social status. So I see feature films going

400
00:21:03.440 --> 00:21:06.920
<v Speaker 4>more the way of like the opera or or the theater,

401
00:21:07.000 --> 00:21:09.680
<v Speaker 4>where it's kind of more of a niche interest, but

402
00:21:10.079 --> 00:21:12.160
<v Speaker 4>it's got a very high it's got a higher class

403
00:21:12.759 --> 00:21:16.519
<v Speaker 4>social implication to it. Which if we're then if then

404
00:21:16.599 --> 00:21:19.440
<v Speaker 4>we're assigning fine art value to the films, and that

405
00:21:19.480 --> 00:21:20.119
<v Speaker 4>can be traded.

406
00:21:20.920 --> 00:21:23.200
<v Speaker 3>Yeah, the the the value of these.

407
00:21:23.039 --> 00:21:25.799
<v Speaker 4>Tokens could you know, seriously be worth a lot in

408
00:21:25.839 --> 00:21:28.880
<v Speaker 4>the future. And also because of the technology, we get

409
00:21:28.880 --> 00:21:32.200
<v Speaker 4>a creator royalty on each of those secondary transactions. So

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00:21:32.720 --> 00:21:35.559
<v Speaker 4>if you know, one day this sells for a million

411
00:21:35.599 --> 00:21:38.160
<v Speaker 4>dollars on the secondary market, we just pocket one hundred

412
00:21:38.160 --> 00:21:41.079
<v Speaker 4>thousand dollars, you you know, just automatically.

413
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<v Speaker 2>Right exactly. And I mean imagine Wizard of Oz or

414
00:21:44.480 --> 00:21:46.119
<v Speaker 2>Citizen Kane or you know, if you want to talk

415
00:21:46.160 --> 00:21:49.279
<v Speaker 2>about fine art, I mean that's the equivalent you know,

416
00:21:49.480 --> 00:21:52.559
<v Speaker 2>or you know, of the earlier Chaplain's first Films or

417
00:21:52.599 --> 00:21:56.720
<v Speaker 2>something like that, as NFTs treating film as fine art,

418
00:21:57.519 --> 00:22:00.680
<v Speaker 2>which no one's really ever had that opportunity to because

419
00:22:00.680 --> 00:22:03.720
<v Speaker 2>film is a film has always been something that you

420
00:22:03.880 --> 00:22:06.039
<v Speaker 2>needed to sell a lot of tickets in order to

421
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<v Speaker 2>make it financially viable, and that's the entire business model.

422
00:22:09.279 --> 00:22:13.680
<v Speaker 2>This allows that to continue. But this is just another

423
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<v Speaker 2>revenue stream for Like I was telling people, I'm like,

424
00:22:16.440 --> 00:22:19.440
<v Speaker 2>wait till Marvel or Disney jumps in on this, Like

425
00:22:19.559 --> 00:22:23.519
<v Speaker 2>what what is what is the Avengers? What is was

426
00:22:23.559 --> 00:22:24.680
<v Speaker 2>the Avenger's NFT worth?

427
00:22:25.160 --> 00:22:27.839
<v Speaker 6>Yeah, I mean, you know, it's interesting, Like the idea

428
00:22:27.880 --> 00:22:32.720
<v Speaker 6>of like the concept of reproducibility is dramatically changing right now,

429
00:22:32.839 --> 00:22:36.599
<v Speaker 6>Like there's a seismic shift that is happening and understanding

430
00:22:37.160 --> 00:22:39.880
<v Speaker 6>what like memes even are and like essentially what we're

431
00:22:39.880 --> 00:22:42.160
<v Speaker 6>talking about is like a meme engine, like a cultural

432
00:22:42.240 --> 00:22:47.400
<v Speaker 6>like cultural currency being added to financial value of like

433
00:22:47.519 --> 00:22:51.079
<v Speaker 6>singular Internet objects. And it's like the film has a

434
00:22:51.119 --> 00:22:54.000
<v Speaker 6>one to one identity. Now the film is Films have

435
00:22:54.039 --> 00:22:57.200
<v Speaker 6>always up until now, had this concept of reproducibility. Films

436
00:22:57.200 --> 00:23:00.920
<v Speaker 6>are not plays, you know, right, They're not find art piece.

437
00:23:01.000 --> 00:23:05.839
<v Speaker 6>This is that convergence of it's both. Now it's simultaneously

438
00:23:05.880 --> 00:23:08.039
<v Speaker 6>both at the same time if you're approaching it with

439
00:23:08.079 --> 00:23:08.880
<v Speaker 6>this model.

440
00:23:09.000 --> 00:23:12.119
<v Speaker 4>Yeah, and it's it's the same exact concept as you know,

441
00:23:12.240 --> 00:23:17.319
<v Speaker 4>the the nancat NFT selling for hundreds of thousands of dollars.

442
00:23:17.519 --> 00:23:19.480
<v Speaker 2>I don't think that, like, I don't understand that in

443
00:23:19.519 --> 00:23:20.240
<v Speaker 2>the least, But.

444
00:23:20.839 --> 00:23:23.839
<v Speaker 4>Well, if that's the cultural gravitas of these memes that

445
00:23:23.880 --> 00:23:26.680
<v Speaker 4>are being sold, because it's coming from the people who

446
00:23:26.759 --> 00:23:31.039
<v Speaker 4>are actually you know, who created the meme off the bat.

447
00:23:31.200 --> 00:23:34.079
<v Speaker 4>So not only is it like uh, it's it's the

448
00:23:34.119 --> 00:23:38.160
<v Speaker 4>official sort of meme version. And then the more that

449
00:23:38.200 --> 00:23:41.519
<v Speaker 4>people share the memes, the more valuable that original NFT becomes.

450
00:23:41.559 --> 00:23:42.920
<v Speaker 3>So it's the exact same concept.

451
00:23:43.319 --> 00:23:45.279
<v Speaker 2>I mean, I know you guys are a bit young

452
00:23:45.319 --> 00:23:49.680
<v Speaker 2>for this, but Garbage Pail Kids. Yeah, if you don't know,

453
00:23:49.680 --> 00:23:51.400
<v Speaker 2>if you knew what garbage pail Kids were. But I

454
00:23:51.519 --> 00:23:53.799
<v Speaker 2>was a young guy when Garbage Pail Kids came out,

455
00:23:53.799 --> 00:23:56.519
<v Speaker 2>and I remember the first series of Garbage It's a

456
00:23:56.519 --> 00:23:59.000
<v Speaker 2>sticker man, It's a sticker on a piece of cardboard

457
00:23:59.759 --> 00:24:03.119
<v Speaker 2>that was not Mickey Mantle, which was not Spider Man.

458
00:24:03.240 --> 00:24:05.599
<v Speaker 2>It was a garbage and they were selling for hundreds

459
00:24:05.599 --> 00:24:10.480
<v Speaker 2>of thousands of dollars. Pokemon cards, baseball cards, comic books,

460
00:24:10.920 --> 00:24:14.200
<v Speaker 2>these things have values to the audience that they're to

461
00:24:14.359 --> 00:24:18.039
<v Speaker 2>the to the tribe that is invested in that. To

462
00:24:18.400 --> 00:24:22.759
<v Speaker 2>my wife a number one first appearance amazing fantasy number fifteen.

463
00:24:23.039 --> 00:24:25.720
<v Speaker 2>First appearance of Spider Man is a bunch of paper.

464
00:24:26.319 --> 00:24:28.480
<v Speaker 2>To me, it's like, oh my god, that's the first

465
00:24:28.519 --> 00:24:32.200
<v Speaker 2>appearance of Spider Man. And there's a complete disconnect. Like

466
00:24:32.240 --> 00:24:33.559
<v Speaker 2>she was like, how much is that going to cost?

467
00:24:33.599 --> 00:24:37.160
<v Speaker 2>I'm like, I don't know, probably a million dollars, but

468
00:24:37.279 --> 00:24:40.160
<v Speaker 2>you know, but to me, that's valuable and so art

469
00:24:40.319 --> 00:24:43.519
<v Speaker 2>is whatever value you put on it, period, regardless if

470
00:24:43.559 --> 00:24:44.319
<v Speaker 2>you agree with it or not.

471
00:24:45.119 --> 00:24:47.799
<v Speaker 6>Yeah, it's funny to think too, like like that the

472
00:24:47.920 --> 00:24:50.880
<v Speaker 6>interest economy of how like that's localized, Like you have

473
00:24:50.960 --> 00:24:53.839
<v Speaker 6>a like it's like a imagine a local economy where

474
00:24:53.920 --> 00:24:57.319
<v Speaker 6>like value is interspersed amongst itself and has its own

475
00:24:57.359 --> 00:25:00.839
<v Speaker 6>definition outside of something that exists over here, and it's

476
00:25:00.880 --> 00:25:03.559
<v Speaker 6>like things that exist on the blockchain with NFTs, Like

477
00:25:03.559 --> 00:25:06.920
<v Speaker 6>we have this dollar value that we can apply to it.

478
00:25:06.960 --> 00:25:08.839
<v Speaker 6>But it's like it's funny to think, yeah, like you

479
00:25:08.839 --> 00:25:11.759
<v Speaker 6>can have one thing over in this corner and that

480
00:25:11.799 --> 00:25:13.920
<v Speaker 6>can be worth so much to one person and then

481
00:25:13.960 --> 00:25:15.359
<v Speaker 6>you come over here and it's worthless.

482
00:25:15.559 --> 00:25:17.279
<v Speaker 5>But it's validating those interests.

483
00:25:17.319 --> 00:25:20.119
<v Speaker 6>It's saying within those communities, these things matter, and they

484
00:25:20.119 --> 00:25:21.559
<v Speaker 6>get to matter even more now.

485
00:25:21.880 --> 00:25:23.240
<v Speaker 2>I mean, all you gotta do is go to comic

486
00:25:23.240 --> 00:25:25.759
<v Speaker 2>con and you can figure that out real quick. I mean,

487
00:25:25.839 --> 00:25:28.000
<v Speaker 2>I mean, like I took my wife to my first

488
00:25:28.000 --> 00:25:30.160
<v Speaker 2>comic con a decade ago, and she was just in

489
00:25:30.440 --> 00:25:32.720
<v Speaker 2>like her mouth was on the floor. She's like, I

490
00:25:32.759 --> 00:25:35.400
<v Speaker 2>see these price tags on these on these little books.

491
00:25:35.720 --> 00:25:38.400
<v Speaker 2>What is what's going on? She's completely no idea. She's like,

492
00:25:38.400 --> 00:25:41.359
<v Speaker 2>people are dressed up like these are these are grown adults,

493
00:25:41.680 --> 00:25:43.279
<v Speaker 2>and she would stop them, like what do you do

494
00:25:43.319 --> 00:25:45.720
<v Speaker 2>for a living? It's like, I'm an attorney what like.

495
00:25:45.839 --> 00:25:48.200
<v Speaker 2>But that's but that is the world, and that's the

496
00:25:48.279 --> 00:25:52.079
<v Speaker 2>value that that world puts on on those pieces of art.

497
00:25:52.440 --> 00:25:55.759
<v Speaker 2>Where you could walk into a fine art museum or

498
00:25:55.799 --> 00:25:58.880
<v Speaker 2>a gallery and I would I would look at something

499
00:25:58.920 --> 00:26:01.759
<v Speaker 2>I'm like, I don't know, that doesn't doesn't float my boat.

500
00:26:01.759 --> 00:26:03.440
<v Speaker 2>But the person right next to me like, I'll give

501
00:26:03.440 --> 00:26:05.880
<v Speaker 2>you one hundred thousand dollars for that because he knows

502
00:26:05.960 --> 00:26:09.119
<v Speaker 2>or she knows what that's valued in their community. So

503
00:26:09.200 --> 00:26:15.519
<v Speaker 2>this is just another the beginning, just barely starting ANIBA

504
00:26:16.079 --> 00:26:19.880
<v Speaker 2>level of this this market for films, and I think

505
00:26:19.920 --> 00:26:25.039
<v Speaker 2>independent filmmakers have the ability to really cash in and

506
00:26:25.359 --> 00:26:29.039
<v Speaker 2>create not only revenue streams for themselves, but to provide

507
00:26:29.119 --> 00:26:34.880
<v Speaker 2>some cultural cultural art for the society at large, and

508
00:26:34.960 --> 00:26:39.279
<v Speaker 2>like like Sundance, like Sundance Winners, south By Southwest Winters,

509
00:26:39.319 --> 00:26:41.880
<v Speaker 2>con Winners, you know, these these things that have these

510
00:26:41.960 --> 00:26:44.759
<v Speaker 2>kind of labels like what would what would an NFT

511
00:26:45.000 --> 00:26:48.759
<v Speaker 2>from the winner of Best Picture at Sundance be worth today?

512
00:26:48.799 --> 00:26:52.920
<v Speaker 2>Because that that director could be worth hundreds of millions

513
00:26:52.920 --> 00:26:55.039
<v Speaker 2>of dollars later on because of oh I got there

514
00:26:55.079 --> 00:26:57.720
<v Speaker 2>for Imagine if you had sex lizes and videotape the

515
00:26:57.839 --> 00:27:01.599
<v Speaker 2>very first nineteen eighty nine, basically the beginning of Sundance,

516
00:27:01.680 --> 00:27:04.240
<v Speaker 2>This is when Sundance blew up at the moment that

517
00:27:04.279 --> 00:27:09.960
<v Speaker 2>Steven Soderbergh sold their movie at Sundance for a million

518
00:27:10.000 --> 00:27:12.240
<v Speaker 2>dollars or whatever it was back then. Imagine if there

519
00:27:12.279 --> 00:27:14.160
<v Speaker 2>was a if you had that NFT, what would that

520
00:27:14.640 --> 00:27:18.119
<v Speaker 2>be worth in or Slacker or El Mariachi or or

521
00:27:18.359 --> 00:27:20.759
<v Speaker 2>or or Clerks. Imagine if you had what would those

522
00:27:20.799 --> 00:27:22.599
<v Speaker 2>be worth? And they would only be worth something to

523
00:27:23.799 --> 00:27:26.480
<v Speaker 2>like my generation, your generation people whill understand what that is.

524
00:27:26.839 --> 00:27:28.519
<v Speaker 2>The older generation would be like, I don't know what

525
00:27:28.799 --> 00:27:32.799
<v Speaker 2>it is that it depends well.

526
00:27:32.640 --> 00:27:34.880
<v Speaker 4>The fact that we're talking about these films in this

527
00:27:34.960 --> 00:27:38.279
<v Speaker 4>context and we're realizing like, wow, how much would that

528
00:27:38.319 --> 00:27:40.640
<v Speaker 4>be worth? I mean it speaks to I think the

529
00:27:40.720 --> 00:27:43.839
<v Speaker 4>viability of of this this model that that we've come

530
00:27:43.920 --> 00:27:47.559
<v Speaker 4>up with here too, because you know, we're talking about

531
00:27:48.160 --> 00:27:50.000
<v Speaker 4>you know, why why are these you know, pieces of

532
00:27:50.039 --> 00:27:51.039
<v Speaker 4>paper worth so much?

533
00:27:51.279 --> 00:27:53.839
<v Speaker 3>Not only is it from the meme and.

534
00:27:53.720 --> 00:27:58.160
<v Speaker 4>The the cultural aspect of it, it's also the scarcity

535
00:27:58.200 --> 00:28:00.200
<v Speaker 4>of it too. Write so like there's only so many

536
00:28:00.400 --> 00:28:02.960
<v Speaker 4>you know, holographic charge aards, if there's only so many

537
00:28:04.000 --> 00:28:08.680
<v Speaker 4>Spider Man first appearances, like the filmmakers will do very

538
00:28:08.680 --> 00:28:13.920
<v Speaker 4>well to understand these principles around economics, incentive, and scarcity.

539
00:28:14.200 --> 00:28:17.319
<v Speaker 4>So the decision to mint a single n f T

540
00:28:17.920 --> 00:28:20.160
<v Speaker 4>was also driven by the scarcity question.

541
00:28:20.480 --> 00:28:22.400
<v Speaker 3>So there's only ever gonna be We're not gonna mint

542
00:28:22.480 --> 00:28:22.680
<v Speaker 3>you know.

543
00:28:22.759 --> 00:28:26.440
<v Speaker 4>In addition, after this of you know, maybe other he

544
00:28:26.599 --> 00:28:29.960
<v Speaker 4>lives in Hidden Lakes NFTs, the film is only ever

545
00:28:30.079 --> 00:28:31.920
<v Speaker 4>going to be minted as a one of one n

546
00:28:32.000 --> 00:28:34.799
<v Speaker 4>f T, So that means that that's just automatic.

547
00:28:34.440 --> 00:28:36.359
<v Speaker 3>Built in scarcity. There's only ever gonna be one.

548
00:28:36.759 --> 00:28:39.880
<v Speaker 4>So that's that the dynamic of that makes it much

549
00:28:40.000 --> 00:28:42.400
<v Speaker 4>much different than if we said, Okay, we're gonna mint

550
00:28:42.759 --> 00:28:45.359
<v Speaker 4>you know, fifty of these or one hundred or a thousand.

551
00:28:45.640 --> 00:28:48.880
<v Speaker 4>So what that does is, you know, there's much good

552
00:28:48.920 --> 00:28:52.000
<v Speaker 4>work to be done in designing incentives around those types

553
00:28:52.000 --> 00:28:54.799
<v Speaker 4>of additions. But what happens then is that you have

554
00:28:54.839 --> 00:28:59.720
<v Speaker 4>to manage each one potentially being worthless and also in

555
00:29:00.200 --> 00:29:02.839
<v Speaker 4>demand as well. So it's it's you gotta you gotta

556
00:29:02.839 --> 00:29:05.079
<v Speaker 4>look at your trade offs with with this kind.

557
00:29:05.000 --> 00:29:05.559
<v Speaker 3>Of stuff too.

558
00:29:05.839 --> 00:29:07.200
<v Speaker 2>Yeah, and I don't I don't know if you guys

559
00:29:07.279 --> 00:29:10.880
<v Speaker 2>knew this, but I jumped into the NFT market when

560
00:29:10.920 --> 00:29:12.880
<v Speaker 2>I did my first in my first interview, and I

561
00:29:12.920 --> 00:29:18.079
<v Speaker 2>put out I happen to be the first film tutorials

562
00:29:18.079 --> 00:29:23.640
<v Speaker 2>ever on YouTube, which makes me old as dirt, but

563
00:29:24.720 --> 00:29:26.519
<v Speaker 2>I happened to be. I looked, and I looked, and

564
00:29:26.559 --> 00:29:28.720
<v Speaker 2>I looked. I'm like, I think I'm the first guy

565
00:29:28.759 --> 00:29:32.400
<v Speaker 2>ever to put and I'm I might be the first

566
00:29:32.440 --> 00:29:36.279
<v Speaker 2>movie trailer. I can't. I can't say that for sure,

567
00:29:37.119 --> 00:29:39.799
<v Speaker 2>but I beat like Sony Classics, which was like four

568
00:29:39.839 --> 00:29:42.000
<v Speaker 2>or five months after I released my movie trailer for

569
00:29:42.079 --> 00:29:44.839
<v Speaker 2>my first short film in two thousand and four, so

570
00:29:44.920 --> 00:29:47.759
<v Speaker 2>I don't and I can't find any movie trailers prior

571
00:29:47.759 --> 00:29:49.519
<v Speaker 2>to that. But I don't want to say that because

572
00:29:49.519 --> 00:29:51.559
<v Speaker 2>I'm like, that would be insane if I actually released

573
00:29:51.559 --> 00:29:54.759
<v Speaker 2>the first movie trailer on YouTube. But I don't know.

574
00:29:54.799 --> 00:29:57.960
<v Speaker 2>I can't say I don't have an NFT for it.

575
00:29:59.559 --> 00:30:05.799
<v Speaker 2>We'll be back after a word from our sponsor. And

576
00:30:05.880 --> 00:30:10.920
<v Speaker 2>now back to the show. But I did put NFTs

577
00:30:10.960 --> 00:30:14.359
<v Speaker 2>out for the six videos that I put out on

578
00:30:14.440 --> 00:30:17.319
<v Speaker 2>that day, tutorials, and I put the first three out

579
00:30:17.400 --> 00:30:19.039
<v Speaker 2>just to see what would happen. They sold out within

580
00:30:19.119 --> 00:30:21.559
<v Speaker 2>two days. Yeah, because I only sel them for one

581
00:30:21.599 --> 00:30:23.200
<v Speaker 2>hundred bucks, but still it was just it was an experiment.

582
00:30:23.240 --> 00:30:25.119
<v Speaker 2>They're like, hey, let's see what's going on here. So

583
00:30:25.200 --> 00:30:26.960
<v Speaker 2>I put the rest of them out and there's been

584
00:30:26.960 --> 00:30:30.759
<v Speaker 2>slowly selling and it's just like, wow, that's cause that's

585
00:30:30.799 --> 00:30:32.720
<v Speaker 2>kind of cool, Like you have the first filmmaking tutorial. Now,

586
00:30:32.759 --> 00:30:36.880
<v Speaker 2>who is that important to filmmakers or fans of mine?

587
00:30:37.240 --> 00:30:39.880
<v Speaker 2>You know, like something along those lines. You know, again,

588
00:30:40.039 --> 00:30:42.720
<v Speaker 2>it's based on the perception of what that is valuable,

589
00:30:42.920 --> 00:30:47.680
<v Speaker 2>what's valuable. There's YouTubers like you know whatever, qudie Pi

590
00:30:48.119 --> 00:30:50.319
<v Speaker 2>who's got whatever one hundred and fifty millions follow or

591
00:30:50.319 --> 00:30:53.279
<v Speaker 2>something like that to his followers. He puts out a

592
00:30:53.319 --> 00:30:56.880
<v Speaker 2>scribble on a piece of paper. There's value attached to that,

593
00:30:57.160 --> 00:30:59.160
<v Speaker 2>which you and I would pretty much be like, let

594
00:30:59.160 --> 00:31:02.519
<v Speaker 2>me put my drink on that. But it's all about

595
00:31:02.519 --> 00:31:05.880
<v Speaker 2>perception and value and what people think the value is.

596
00:31:06.519 --> 00:31:09.079
<v Speaker 2>It is a very it is n f T S

597
00:31:09.720 --> 00:31:12.240
<v Speaker 2>and your model of n f T S as as

598
00:31:12.359 --> 00:31:17.440
<v Speaker 2>ludicrous or genius as a piece of cardboard with a

599
00:31:17.440 --> 00:31:21.680
<v Speaker 2>picture of a baseball player. Yeah, and someone attaching value

600
00:31:21.680 --> 00:31:24.440
<v Speaker 2>to that. It's just a piece of cardboard with a

601
00:31:24.440 --> 00:31:25.039
<v Speaker 2>picture on it.

602
00:31:25.400 --> 00:31:28.920
<v Speaker 6>But because ultimately the goal is to turn Zach into

603
00:31:29.039 --> 00:31:30.480
<v Speaker 6>a human Pokemon card.

604
00:31:30.880 --> 00:31:36.680
<v Speaker 3>Nice, Nice, I will accept no less than ten million.

605
00:31:37.079 --> 00:31:39.079
<v Speaker 5>We're working on the holographic shirts right now.

606
00:31:39.400 --> 00:31:43.400
<v Speaker 2>That's genius. So what are some tips that you can

607
00:31:43.440 --> 00:31:48.240
<v Speaker 2>put give the audience when they're creating using the PSD model.

608
00:31:48.359 --> 00:31:51.559
<v Speaker 2>What are certain things that should be in place for

609
00:31:52.240 --> 00:31:54.319
<v Speaker 2>a good successful PSD model.

610
00:31:54.440 --> 00:31:58.640
<v Speaker 4>NFT Yeah, I would say, I would say again scarcity

611
00:32:00.039 --> 00:32:02.960
<v Speaker 4>and looking very closely at the kind of utility that

612
00:32:03.119 --> 00:32:05.759
<v Speaker 4>you're including with UH, with the NFT because you want

613
00:32:05.799 --> 00:32:07.279
<v Speaker 4>to make sure that you're not giving.

614
00:32:07.039 --> 00:32:09.000
<v Speaker 3>Away more than you're willing to lose.

615
00:32:09.400 --> 00:32:11.200
<v Speaker 4>Right, It's like you know that that old rule of

616
00:32:11.240 --> 00:32:15.079
<v Speaker 4>investing is, you know, don't don't invest more than than.

617
00:32:15.079 --> 00:32:16.079
<v Speaker 3>You can afford to lose.

618
00:32:16.640 --> 00:32:19.240
<v Speaker 4>So we we went about it and we said, okay,

619
00:32:19.319 --> 00:32:23.119
<v Speaker 4>fifty percent of our streaming revenue is an acceptable uh

620
00:32:23.240 --> 00:32:26.200
<v Speaker 4>trade off for getting this you know upfront feet whatever

621
00:32:26.200 --> 00:32:28.640
<v Speaker 4>it may be. Because we tried to listen for forty

622
00:32:28.680 --> 00:32:32.039
<v Speaker 4>three ether and then we uh put the starting bit

623
00:32:32.079 --> 00:32:34.000
<v Speaker 4>at twelve ETHER. Now, I happen to think that it's

624
00:32:34.000 --> 00:32:36.000
<v Speaker 4>still worth that much, like we were just talking about,

625
00:32:36.000 --> 00:32:39.240
<v Speaker 4>but because it's such a new thing, the market isn't

626
00:32:39.440 --> 00:32:42.079
<v Speaker 4>willing to dip its toes that far into it yet.

627
00:32:42.440 --> 00:32:48.400
<v Speaker 4>So I would say, uh, make sure that you're that

628
00:32:48.480 --> 00:32:53.079
<v Speaker 4>you're the utility is not only beneficial mutually for you

629
00:32:53.200 --> 00:32:58.079
<v Speaker 4>and your patron, but also that your patron isn't uh

630
00:32:58.279 --> 00:33:00.200
<v Speaker 4>they don't have they try to minimize the work that

631
00:33:00.240 --> 00:33:02.319
<v Speaker 4>they have to do in order to capitalize on it.

632
00:33:02.440 --> 00:33:03.960
<v Speaker 3>And also like I was, like I said at the.

633
00:33:03.960 --> 00:33:07.400
<v Speaker 4>Beginning, you know U dinner and you know, uh tickets

634
00:33:07.440 --> 00:33:09.599
<v Speaker 4>to exclusive premieres and stuff. Oh, that's cool, you can

635
00:33:09.599 --> 00:33:12.319
<v Speaker 4>include that, but keep in mind that if you know

636
00:33:12.519 --> 00:33:14.799
<v Speaker 4>you resell it, do you want to offer that to

637
00:33:15.400 --> 00:33:16.279
<v Speaker 4>the new owners of that?

638
00:33:16.359 --> 00:33:18.680
<v Speaker 3>How often do you want to you know, keep that going.

639
00:33:19.119 --> 00:33:22.680
<v Speaker 4>Uh, it's stuff like that is is less quantifiably valuable

640
00:33:22.960 --> 00:33:26.160
<v Speaker 4>to an investor or our collector. And I also want

641
00:33:26.160 --> 00:33:29.039
<v Speaker 4>to note that when I say investor in this context,

642
00:33:29.200 --> 00:33:31.880
<v Speaker 4>much different from your investor that's going.

643
00:33:31.799 --> 00:33:33.440
<v Speaker 3>To give you your budget to do the film.

644
00:33:33.839 --> 00:33:36.519
<v Speaker 2>So it's an art investor, it's an art investor. It's different.

645
00:33:36.759 --> 00:33:38.279
<v Speaker 3>Yeah, it's it's much different.

646
00:33:38.319 --> 00:33:41.480
<v Speaker 4>So you don't you don't owe them any money unless

647
00:33:41.480 --> 00:33:44.119
<v Speaker 4>you want to. Like we're we're owing our investor our

648
00:33:44.160 --> 00:33:45.880
<v Speaker 4>patron money. That's why I call it a patron and

649
00:33:45.960 --> 00:33:50.240
<v Speaker 4>not not an investor. But there's also uh, the next

650
00:33:50.240 --> 00:33:52.880
<v Speaker 4>project we're going to be doing is kind of exploring

651
00:33:52.920 --> 00:33:56.319
<v Speaker 4>how we can incorporate this model and do like a

652
00:33:56.400 --> 00:33:57.640
<v Speaker 4>hybrid ps.

653
00:33:57.480 --> 00:33:58.640
<v Speaker 3>D crowdfunding model.

654
00:33:58.680 --> 00:34:02.039
<v Speaker 4>Because we we came into this already having the movie done,

655
00:34:02.359 --> 00:34:04.799
<v Speaker 4>so it had never been released before. We had just

656
00:34:05.000 --> 00:34:08.039
<v Speaker 4>finit it in uh you know, the the tail end

657
00:34:08.119 --> 00:34:11.480
<v Speaker 4>months of twenty twenty, so we had already had the

658
00:34:11.480 --> 00:34:14.079
<v Speaker 4>budget and we you know did it and you know

659
00:34:14.159 --> 00:34:16.440
<v Speaker 4>that's all done. So we were in a position where

660
00:34:16.480 --> 00:34:18.880
<v Speaker 4>we could say, okay, we don't have to pay anyone

661
00:34:18.960 --> 00:34:21.880
<v Speaker 4>back now because we were self financed. But now, how

662
00:34:21.880 --> 00:34:24.960
<v Speaker 4>do we use this stuff to viably crowdfund?

663
00:34:25.719 --> 00:34:26.000
<v Speaker 3>Yeah?

664
00:34:26.039 --> 00:34:29.519
<v Speaker 6>Well, what does it look like to explore the nooks

665
00:34:29.519 --> 00:34:33.239
<v Speaker 6>and crannies of incentive in development and how you know,

666
00:34:33.360 --> 00:34:34.920
<v Speaker 6>you know, Alex you were talking earlier, like you know,

667
00:34:34.920 --> 00:34:37.400
<v Speaker 6>if you have a star attached, you know, that's that's

668
00:34:37.440 --> 00:34:40.519
<v Speaker 6>often how distribution deals are made. You know, it said,

669
00:34:40.519 --> 00:34:42.639
<v Speaker 6>oh I was able to attach x y Z actor,

670
00:34:43.440 --> 00:34:45.760
<v Speaker 6>which you know, these kinds of audiences like this actor.

671
00:34:45.960 --> 00:34:48.960
<v Speaker 6>Here's here's the way of suring up your investment because

672
00:34:49.199 --> 00:34:51.320
<v Speaker 6>you know, you've you've done the calculus and you're like,

673
00:34:51.360 --> 00:34:55.239
<v Speaker 6>this will you know the likelihood of this exporting value

674
00:34:55.360 --> 00:34:57.239
<v Speaker 6>is higher because of this thing, And it's like, well,

675
00:34:57.599 --> 00:35:00.840
<v Speaker 6>what does that look like in today's a with so

676
00:35:00.920 --> 00:35:03.639
<v Speaker 6>many different corners of value in the Internet, Because what

677
00:35:03.639 --> 00:35:08.360
<v Speaker 6>does it look like when someone who does you know,

678
00:35:08.480 --> 00:35:13.360
<v Speaker 6>video tutorial podcasts and also someone who does fashion and

679
00:35:13.360 --> 00:35:17.760
<v Speaker 6>makeup videos, someone else who does video game streaming, and

680
00:35:17.800 --> 00:35:19.360
<v Speaker 6>you say, hey, I'm going to put you all in

681
00:35:19.400 --> 00:35:22.639
<v Speaker 6>the same movie, and what does that look like now

682
00:35:22.679 --> 00:35:25.559
<v Speaker 6>when now you're tapping value from all of these different

683
00:35:25.599 --> 00:35:29.320
<v Speaker 6>areas to say that yes, And also we're incorporating the

684
00:35:29.800 --> 00:35:35.320
<v Speaker 6>NFT universe and instead of incentivizing with you know, like

685
00:35:35.480 --> 00:35:37.840
<v Speaker 6>various crowdfunding perks and saying you get a T shirt

686
00:35:37.880 --> 00:35:39.599
<v Speaker 6>and those kinds of things, no, you have an NF.

687
00:35:39.840 --> 00:35:41.840
<v Speaker 6>Like what if there was a way to create an

688
00:35:41.960 --> 00:35:46.000
<v Speaker 6>NFT that could have value on the secondary market. And

689
00:35:46.079 --> 00:35:49.519
<v Speaker 6>so it's all about finding all of those different areas

690
00:35:49.519 --> 00:35:52.760
<v Speaker 6>of incentive. And for anyone that's looking to make projects

691
00:35:52.840 --> 00:35:55.960
<v Speaker 6>considering this as a model, you know it's there.

692
00:35:56.239 --> 00:35:57.599
<v Speaker 5>There are so many ways.

693
00:35:57.599 --> 00:36:00.400
<v Speaker 6>It's ultimately so creative right now. You can do so

694
00:36:00.480 --> 00:36:04.400
<v Speaker 6>many different things, and right now we're just getting nitty

695
00:36:04.400 --> 00:36:07.159
<v Speaker 6>gritty for our next project about what that could look like.

696
00:36:07.639 --> 00:36:09.599
<v Speaker 2>Right And you can, i mean, in a crowdfunding say

697
00:36:09.639 --> 00:36:13.679
<v Speaker 2>you can use, for example, someone you can crowdfund an

698
00:36:13.800 --> 00:36:17.280
<v Speaker 2>NFT and then just give them a percentage of based

699
00:36:17.280 --> 00:36:19.840
<v Speaker 2>on what they give a percentage of the final growth

700
00:36:19.960 --> 00:36:21.880
<v Speaker 2>or the final this or the final that's some sort

701
00:36:21.920 --> 00:36:25.400
<v Speaker 2>of incentive in that way. So it's almost like more

702
00:36:25.440 --> 00:36:29.480
<v Speaker 2>of an investment than a gift of a crowdfunding, So

703
00:36:29.480 --> 00:36:31.800
<v Speaker 2>it's now you're you're actually sourcing it out, and it's

704
00:36:31.800 --> 00:36:34.480
<v Speaker 2>all could be done on the on the blockchain, which

705
00:36:34.519 --> 00:36:37.239
<v Speaker 2>would be ideal. And I hope one day we get

706
00:36:37.239 --> 00:36:40.679
<v Speaker 2>to the place where all of distribution is done on

707
00:36:40.719 --> 00:36:43.960
<v Speaker 2>the blockchain and all payments are done on the blockchain,

708
00:36:44.159 --> 00:36:47.280
<v Speaker 2>and everything's done with smart contracts, and and we don't

709
00:36:47.280 --> 00:36:49.519
<v Speaker 2>have to deal with this BS anymore. That you know,

710
00:36:49.599 --> 00:36:53.159
<v Speaker 2>distributors do this, or distributors do that, or excuse me,

711
00:36:53.239 --> 00:36:56.639
<v Speaker 2>let me rephrase predatory distributors do this, distributors do that,

712
00:36:57.159 --> 00:37:00.679
<v Speaker 2>because not all distributors are bad by by any stretch.

713
00:37:00.679 --> 00:37:02.880
<v Speaker 2>There are a lot of great ones out there, but

714
00:37:03.239 --> 00:37:05.960
<v Speaker 2>we focused on the predators.

715
00:37:07.159 --> 00:37:07.639
<v Speaker 3>Exactly.

716
00:37:07.840 --> 00:37:11.119
<v Speaker 4>Well, let's let's talk a little bit about how distribution

717
00:37:11.480 --> 00:37:14.440
<v Speaker 4>actually like functionally comes into this, right, So like for

718
00:37:14.519 --> 00:37:16.519
<v Speaker 4>anyone who's still kind of like skeptical a little bit

719
00:37:16.519 --> 00:37:18.800
<v Speaker 4>about it about this model we've done, I mean, we

720
00:37:18.880 --> 00:37:21.159
<v Speaker 4>sold it. So we we made you know, five thousand

721
00:37:21.199 --> 00:37:23.679
<v Speaker 4>dollars off of this, which is comparable to a minimum

722
00:37:23.679 --> 00:37:25.559
<v Speaker 4>guarantee might get it from a distributor if.

723
00:37:25.440 --> 00:37:27.639
<v Speaker 2>You're lucky, If you're lucky, if you're.

724
00:37:27.559 --> 00:37:31.639
<v Speaker 4>Lucky exactly if you're lucky, and well, now you get

725
00:37:31.679 --> 00:37:35.840
<v Speaker 4>the secondary you know, revenue stream from secondary sales too.

726
00:37:36.119 --> 00:37:38.000
<v Speaker 3>But you know, think of it like that.

727
00:37:38.239 --> 00:37:40.639
<v Speaker 4>You know, it's like, we can't because the other thing

728
00:37:40.679 --> 00:37:42.920
<v Speaker 4>that's happening with this is that we're retaining all the

729
00:37:43.000 --> 00:37:43.719
<v Speaker 4>rights to our film.

730
00:37:43.760 --> 00:37:46.079
<v Speaker 3>We're not giving away any rights whatsoever.

731
00:37:45.679 --> 00:37:48.960
<v Speaker 4>With this because the revenue stream and the NFT itself

732
00:37:49.239 --> 00:37:53.440
<v Speaker 4>are reason enough obviously for someone to collect it. So

733
00:37:53.800 --> 00:37:56.880
<v Speaker 4>now we could say, Okay, now we're going to go

734
00:37:56.920 --> 00:37:59.559
<v Speaker 4>to a distributor and collect a minimum guarantee from them.

735
00:37:59.559 --> 00:38:02.079
<v Speaker 3>So that's an you know, another.

736
00:38:01.480 --> 00:38:05.679
<v Speaker 4>Possible avenue for so yeah, especially like you were saying earlier, Alex,

737
00:38:05.719 --> 00:38:08.960
<v Speaker 4>this is like another revenue stream for the film that

738
00:38:09.000 --> 00:38:13.679
<v Speaker 4>will also work to hopefully automate some of the marketing

739
00:38:13.760 --> 00:38:16.360
<v Speaker 4>lift that you have to do by virtue of it

740
00:38:16.440 --> 00:38:21.320
<v Speaker 4>being this transferable meme capture units so to speak.

741
00:38:21.519 --> 00:38:23.840
<v Speaker 2>Right, and if you had a let's say you did

742
00:38:23.840 --> 00:38:27.719
<v Speaker 2>one thousand units. Let's say I'm just throwing that out there,

743
00:38:27.719 --> 00:38:30.599
<v Speaker 2>a thousand units, and that those thousand units are worth

744
00:38:30.920 --> 00:38:34.679
<v Speaker 2>ten to fifteen percent of your revenue. Jumping in, I'm

745
00:38:34.679 --> 00:38:36.880
<v Speaker 2>just going off the top here, so you put away

746
00:38:36.920 --> 00:38:39.159
<v Speaker 2>fifteen percent of all revenue, it's going to go to

747
00:38:39.880 --> 00:38:42.119
<v Speaker 2>this one hundred units that you're going to sell on

748
00:38:42.280 --> 00:38:47.239
<v Speaker 2>crowd sourcing, a crowdfunding excuse me. And then all of

749
00:38:47.280 --> 00:38:50.119
<v Speaker 2>a sudden, all those people who buy those hundred people

750
00:38:50.280 --> 00:38:53.199
<v Speaker 2>they're going to be incentivized to market that live in

751
00:38:53.239 --> 00:38:56.119
<v Speaker 2>hell out of this and get this out in the world.

752
00:38:56.159 --> 00:38:58.280
<v Speaker 2>And if you did that with a thousand and broke

753
00:38:58.320 --> 00:39:02.280
<v Speaker 2>up that fifteen percent accordingly that way, then you even

754
00:39:02.320 --> 00:39:04.599
<v Speaker 2>have more. So it all depends on what you're doing.

755
00:39:05.559 --> 00:39:07.199
<v Speaker 2>And then you could also put a price tag on

756
00:39:07.360 --> 00:39:09.119
<v Speaker 2>all of that just to get in the game. There's

757
00:39:09.159 --> 00:39:12.199
<v Speaker 2>so many different routes you can go on. This is

758
00:39:12.480 --> 00:39:14.400
<v Speaker 2>it is essentially the wild wild West right now.

759
00:39:14.440 --> 00:39:14.760
<v Speaker 3>It is.

760
00:39:15.280 --> 00:39:18.199
<v Speaker 2>It's the Internet circa ninety six. Man, it is like

761
00:39:18.239 --> 00:39:19.559
<v Speaker 2>the wild wild West.

762
00:39:19.880 --> 00:39:23.920
<v Speaker 6>You can take a look and see just like what's

763
00:39:24.000 --> 00:39:27.039
<v Speaker 6>happening on the internet. How are people communicating on the internet?

764
00:39:27.079 --> 00:39:29.280
<v Speaker 6>How are people pointing a camera at themselves? How are

765
00:39:29.360 --> 00:39:33.880
<v Speaker 6>people quote unquote influencing? And then like how can and

766
00:39:34.280 --> 00:39:36.800
<v Speaker 6>taking a look at that and being like, hmm, there

767
00:39:36.840 --> 00:39:42.280
<v Speaker 6>is some serious untapped potential through this communication mechanism for

768
00:39:42.559 --> 00:39:46.159
<v Speaker 6>getting new ideas, getting new films out into the world

769
00:39:46.239 --> 00:39:50.199
<v Speaker 6>and seen by people. And it's just about connecting the dots.

770
00:39:50.280 --> 00:39:52.119
<v Speaker 6>It's just saying you come over here, you come over here,

771
00:39:52.199 --> 00:39:54.840
<v Speaker 6>let's do this thing. It's you know, in some ways

772
00:39:54.920 --> 00:39:58.880
<v Speaker 6>uses the same philosophy as like if you're a YouTuber.

773
00:40:00.079 --> 00:40:02.559
<v Speaker 2>We'll be right back after a word from our sponsor,

774
00:40:06.159 --> 00:40:07.440
<v Speaker 2>and now back to the show.

775
00:40:09.079 --> 00:40:11.480
<v Speaker 6>And you want to like go on someone else's show

776
00:40:11.519 --> 00:40:13.480
<v Speaker 6>to get to get some other audience to come see

777
00:40:13.519 --> 00:40:14.840
<v Speaker 6>your thing, and you cross pollinate.

778
00:40:14.880 --> 00:40:17.400
<v Speaker 5>I mean that's essentially it's taking that and it's scaling

779
00:40:17.440 --> 00:40:20.039
<v Speaker 5>it up and using the blockchain in order to do that.

780
00:40:20.119 --> 00:40:22.920
<v Speaker 6>And it's all like Zach and I love to just like,

781
00:40:23.320 --> 00:40:24.920
<v Speaker 6>you know, one of our favorite things about this whole

782
00:40:24.920 --> 00:40:26.679
<v Speaker 6>thing is that it's just it's all memes.

783
00:40:26.960 --> 00:40:27.280
<v Speaker 5>Memes.

784
00:40:27.280 --> 00:40:29.440
<v Speaker 6>Me everything is a meme, and like that is like

785
00:40:29.559 --> 00:40:32.920
<v Speaker 6>pretty like you know, core to our philosophy in all

786
00:40:32.960 --> 00:40:34.719
<v Speaker 6>of this. It's like, what can we do with memes?

787
00:40:34.719 --> 00:40:36.639
<v Speaker 6>What can we do to make people think about memes?

788
00:40:36.679 --> 00:40:39.719
<v Speaker 6>And that's a cornerstone of the mythos that we're trying

789
00:40:39.719 --> 00:40:42.039
<v Speaker 6>to create with a bigger world that we're actually working on.

790
00:40:42.559 --> 00:40:46.159
<v Speaker 2>Now you guys also created a physical version of the

791
00:40:46.239 --> 00:40:50.039
<v Speaker 2>NFT to send to the person who purchased it, which

792
00:40:50.039 --> 00:40:52.039
<v Speaker 2>I think is awesome. How do you How did you

793
00:40:52.159 --> 00:40:54.400
<v Speaker 2>create it? Because it looked awesome from the pictures I

794
00:40:54.440 --> 00:40:57.119
<v Speaker 2>saw what was the cost? If you don't mind me asking,

795
00:40:57.159 --> 00:40:59.840
<v Speaker 2>look at that. That's a customized situation. So what was

796
00:40:59.880 --> 00:41:01.639
<v Speaker 2>that situation done? I was done.

797
00:41:01.679 --> 00:41:04.000
<v Speaker 3>So that was a nightmare to put together.

798
00:41:04.639 --> 00:41:07.760
<v Speaker 4>But I'll just be front up front and get this

799
00:41:08.079 --> 00:41:12.159
<v Speaker 4>so our our collector wishes to remain anonymous for now,

800
00:41:12.239 --> 00:41:15.360
<v Speaker 4>but they told me, like, hang on to it. I'll

801
00:41:15.599 --> 00:41:18.239
<v Speaker 4>redeem it when I feel like it. So I still

802
00:41:18.280 --> 00:41:21.079
<v Speaker 4>have it, like it hasn't left my house yet, which

803
00:41:21.119 --> 00:41:23.320
<v Speaker 4>I'm fine with because you know, I appreciate that, like

804
00:41:23.400 --> 00:41:25.719
<v Speaker 4>it's it's it's gorgeous and we're pretty proud of it.

805
00:41:25.760 --> 00:41:28.760
<v Speaker 2>No, it looks stunning. I was like, that's gorgeous. Like

806
00:41:28.760 --> 00:41:33.239
<v Speaker 2>that looks like a special, special, special freaking criterion, you know,

807
00:41:33.280 --> 00:41:36.000
<v Speaker 2>to the degree kind of one. On one hand, drum,

808
00:41:36.000 --> 00:41:36.719
<v Speaker 2>I mean, it's beautiful.

809
00:41:36.760 --> 00:41:40.079
<v Speaker 5>Okay, you're making us blush.

810
00:41:38.480 --> 00:41:40.400
<v Speaker 2>Yeah it is.

811
00:41:40.440 --> 00:41:44.039
<v Speaker 3>It's nice. Appreciate that, Yeah, very proud of it.

812
00:41:44.079 --> 00:41:46.599
<v Speaker 4>But in terms of the logistics, yeah, it was so

813
00:41:46.679 --> 00:41:50.599
<v Speaker 4>not many you know, packaging manufacturers take one off orders,

814
00:41:50.960 --> 00:41:53.960
<v Speaker 4>and the ones that do are are pretty pretty pricey.

815
00:41:54.199 --> 00:41:55.840
<v Speaker 4>And see, here's the thing too, is that we didn't

816
00:41:55.920 --> 00:41:58.360
<v Speaker 4>have to do that. Obviously our patron doesn't even really

817
00:41:58.400 --> 00:42:00.679
<v Speaker 4>want it right now, which is some thing. It's a

818
00:42:00.719 --> 00:42:05.400
<v Speaker 4>phenomenon that's happening in the crypto art collectible space with NFTs,

819
00:42:05.400 --> 00:42:07.679
<v Speaker 4>where it's like, you know, there are artists who offer,

820
00:42:08.039 --> 00:42:11.239
<v Speaker 4>you know, the physical painting with the NFT, and collectors

821
00:42:11.239 --> 00:42:13.119
<v Speaker 4>will say, I don't want any physicals, I just want

822
00:42:13.159 --> 00:42:15.719
<v Speaker 4>the I just want the JPEG and my wall and

823
00:42:15.760 --> 00:42:18.519
<v Speaker 4>that's totally cool. So we went into a kind of

824
00:42:18.840 --> 00:42:21.480
<v Speaker 4>half expecting that. But for me, you know, like you

825
00:42:21.480 --> 00:42:24.039
<v Speaker 4>know I mentioned earlier, I come from a fine arts background.

826
00:42:24.079 --> 00:42:28.440
<v Speaker 4>I like having like a physical artifact for the film

827
00:42:28.440 --> 00:42:29.079
<v Speaker 4>that I've created.

828
00:42:29.159 --> 00:42:32.159
<v Speaker 3>But you know, obviously I'll put it this way.

829
00:42:32.199 --> 00:42:35.119
<v Speaker 4>It was a lot of money, probably more than I

830
00:42:35.119 --> 00:42:39.000
<v Speaker 4>would recommend for someone else who's trying to do this,

831
00:42:39.079 --> 00:42:40.840
<v Speaker 4>But it is a very cool thing. And when it's

832
00:42:40.880 --> 00:42:43.400
<v Speaker 4>in the museum, you know, in twenty thirty forty years,

833
00:42:43.719 --> 00:42:45.559
<v Speaker 4>that's a nice little museum, you know, I'm just kidding.

834
00:42:46.800 --> 00:42:49.639
<v Speaker 2>And when everyone understands my genius by then. I mean,

835
00:42:49.920 --> 00:42:53.199
<v Speaker 2>you know, hopefully I won't be Van Go when I'm

836
00:42:53.239 --> 00:42:58.039
<v Speaker 2>dead and they'll go, oh, Zach, no, I get it.

837
00:42:58.119 --> 00:43:05.400
<v Speaker 2>I guess yeah, no, No, I'm sorry. I just saw

838
00:43:05.719 --> 00:43:08.199
<v Speaker 2>I saw a clip from I don't even watch Doctor Who,

839
00:43:08.199 --> 00:43:10.079
<v Speaker 2>but I saw a clip where they brought back Van

840
00:43:10.119 --> 00:43:12.119
<v Speaker 2>Go and they brought him into the museum.

841
00:43:12.719 --> 00:43:13.519
<v Speaker 3>Oh I've seen that.

842
00:43:13.719 --> 00:43:15.960
<v Speaker 2>Oh my god, that's so like you just start tearing

843
00:43:16.039 --> 00:43:18.239
<v Speaker 2>up like an artist, just like, oh my god, it

844
00:43:18.320 --> 00:43:20.679
<v Speaker 2>was so beautif anyway, sorry geeked out for a second. Guy, Sorry,

845
00:43:20.679 --> 00:43:27.119
<v Speaker 2>I apologize that. So so did you, but I am I wrong.

846
00:43:27.239 --> 00:43:31.159
<v Speaker 2>Did you not create any other NFT things for like,

847
00:43:31.199 --> 00:43:34.920
<v Speaker 2>you know, stills of the movie or other things, or did.

848
00:43:34.760 --> 00:43:37.719
<v Speaker 6>You you know you're getting into sort of the next

849
00:43:38.519 --> 00:43:44.320
<v Speaker 6>chapter for us, and you know we're working on a

850
00:43:44.360 --> 00:43:46.400
<v Speaker 6>big part of I mean, I can let Zach take

851
00:43:46.440 --> 00:43:48.760
<v Speaker 6>over sort of talking about like the content of the

852
00:43:48.800 --> 00:43:51.840
<v Speaker 6>movie itself, because I think it's specific to like, it's

853
00:43:51.920 --> 00:43:54.760
<v Speaker 6>kind of amazing what work ended up working at, what

854
00:43:54.800 --> 00:43:56.400
<v Speaker 6>we ended up having in our lap at a time

855
00:43:56.440 --> 00:44:00.039
<v Speaker 6>when Crypto was around, it's kind of came to the

856
00:44:00.079 --> 00:44:03.559
<v Speaker 6>mainstream and our film is about a cryptid, like a

857
00:44:03.679 --> 00:44:09.199
<v Speaker 6>like a Bigfoot esque Sasquatchean figure Cryptid. Cryptid meets Crypto,

858
00:44:09.280 --> 00:44:11.320
<v Speaker 6>and it was just like this perfect marriage of like

859
00:44:11.559 --> 00:44:12.400
<v Speaker 6>what can we do with that?

860
00:44:12.800 --> 00:44:14.800
<v Speaker 5>And I feel like I let Zach kind of take

861
00:44:14.840 --> 00:44:16.480
<v Speaker 5>over from there.

862
00:44:17.360 --> 00:44:19.679
<v Speaker 3>Yeah, I mean there's so many places to go from that.

863
00:44:19.840 --> 00:44:22.440
<v Speaker 3>You know. It's like so one of the ideas we

864
00:44:22.519 --> 00:44:24.400
<v Speaker 3>have is you know, uh build, So.

865
00:44:24.480 --> 00:44:26.440
<v Speaker 4>Essentially what we're trying to get at now the phase

866
00:44:26.440 --> 00:44:29.440
<v Speaker 4>that the project is in is we are taking this

867
00:44:29.519 --> 00:44:32.920
<v Speaker 4>feature film that we have and we're trying to use

868
00:44:33.000 --> 00:44:38.000
<v Speaker 4>these community incentives to build an audience around the IP itself.

869
00:44:38.440 --> 00:44:41.800
<v Speaker 4>So you know, we we can get into like the

870
00:44:41.800 --> 00:44:43.559
<v Speaker 4>specifics of the plan, but we're we're going to be

871
00:44:43.599 --> 00:44:48.239
<v Speaker 4>minting more NFTs around the the fiction and the lore

872
00:44:48.599 --> 00:44:52.400
<v Speaker 4>of this of this you know, essentially a monster movie

873
00:44:52.719 --> 00:44:57.760
<v Speaker 4>mocumentary IP, so you know, like minting specific clips from

874
00:44:58.039 --> 00:44:59.800
<v Speaker 4>you know, the film, like, oh, here's a found footage.

875
00:44:59.800 --> 00:45:02.639
<v Speaker 4>So Crypti is called the Hidden Man. It's a proprietary

876
00:45:02.679 --> 00:45:05.239
<v Speaker 4>monster that we came up with. You know, here's a

877
00:45:05.239 --> 00:45:09.760
<v Speaker 4>a an eight millimeter still or a film clip that

878
00:45:09.800 --> 00:45:10.440
<v Speaker 4>we that we used.

879
00:45:10.480 --> 00:45:12.239
<v Speaker 3>Yeah, we actually used an eight milimeter.

880
00:45:11.920 --> 00:45:14.519
<v Speaker 4>Camera for some of it, you know, a nice little

881
00:45:14.519 --> 00:45:18.559
<v Speaker 4>badge of honor there. But yeah, like minting stuff like

882
00:45:18.599 --> 00:45:23.039
<v Speaker 4>that and then using that to sort of do you know,

883
00:45:23.199 --> 00:45:26.440
<v Speaker 4>add more value into the IP through those specific items

884
00:45:26.440 --> 00:45:28.639
<v Speaker 4>of merchandise where it's like at a lower level, you know,

885
00:45:28.679 --> 00:45:31.119
<v Speaker 4>you're never get you you're only one person can ever

886
00:45:31.199 --> 00:45:32.400
<v Speaker 4>have the actual film NFT.

887
00:45:32.519 --> 00:45:34.000
<v Speaker 3>But you can own pieces of the film.

888
00:45:34.119 --> 00:45:36.800
<v Speaker 4>You can own merchandise of the film that also give

889
00:45:36.840 --> 00:45:41.559
<v Speaker 4>you like community benefit within the community that we're trying

890
00:45:41.599 --> 00:45:41.960
<v Speaker 4>to build.

891
00:45:42.239 --> 00:45:44.280
<v Speaker 2>So I'm gonna pitch you guys something for an NFT.

892
00:45:44.519 --> 00:45:47.480
<v Speaker 2>Please bear with me. This is a real thing. This

893
00:45:47.559 --> 00:45:50.639
<v Speaker 2>is a real thing. This is not making this up.

894
00:45:51.639 --> 00:45:55.559
<v Speaker 2>But there is such a thing called bigfoot erotica. Now

895
00:45:57.079 --> 00:46:00.400
<v Speaker 2>wait for it, wait for it, wait for it. My

896
00:46:00.599 --> 00:46:03.840
<v Speaker 2>friend told me about this, and I'm like, oh my god,

897
00:46:04.480 --> 00:46:08.079
<v Speaker 2>this is genius. Anyone listening right now, when you're done,

898
00:46:08.079 --> 00:46:11.119
<v Speaker 2>listen to this episode, type at google bigfoot erotica and

899
00:46:11.320 --> 00:46:16.000
<v Speaker 2>just just lose your mind at what you'll you'll find out.

900
00:46:16.280 --> 00:46:19.320
<v Speaker 2>There's no, it's not just like pictures. It's like stories,

901
00:46:19.920 --> 00:46:24.880
<v Speaker 2>like books, novels, ebooks about It's is amazing. I can't

902
00:46:24.880 --> 00:46:27.079
<v Speaker 2>believe you guys haven't known about this. But the best,

903
00:46:27.079 --> 00:46:28.960
<v Speaker 2>but the best part was I had a friend of

904
00:46:29.000 --> 00:46:31.079
<v Speaker 2>mine who's like, man, my brother's really giving me a

905
00:46:31.079 --> 00:46:33.119
<v Speaker 2>hard time. I'm like, this is what you do. Go

906
00:46:33.239 --> 00:46:35.559
<v Speaker 2>to his house and he's married. He goes go to

907
00:46:35.599 --> 00:46:37.920
<v Speaker 2>his house and go on his computer and just start

908
00:46:37.960 --> 00:46:40.400
<v Speaker 2>doing a lot of Google search for Bigfoot erotica and

909
00:46:40.519 --> 00:46:43.199
<v Speaker 2>leave it on this leave it on his on his stack,

910
00:46:43.280 --> 00:46:49.440
<v Speaker 2>and let his wife find it. It's exactly what he

911
00:46:49.719 --> 00:46:52.880
<v Speaker 2>exactly what happened. And he left. He left, and then

912
00:46:52.880 --> 00:46:56.320
<v Speaker 2>his wife, like my brother calls him, like, dude, did

913
00:46:56.360 --> 00:46:59.480
<v Speaker 2>you were you were you searching Bigfoot of ronica on

914
00:46:59.480 --> 00:47:01.559
<v Speaker 2>my computer? My wife thinks I'm doing I'm like, I

915
00:47:01.559 --> 00:47:04.039
<v Speaker 2>have no idea what you're talking about. You're sick and disgusting.

916
00:47:04.199 --> 00:47:04.880
<v Speaker 2>And he hangs up.

917
00:47:07.320 --> 00:47:07.559
<v Speaker 3>Wow.

918
00:47:08.360 --> 00:47:13.119
<v Speaker 2>So that's savage. That is savage. But that's that's their relationship.

919
00:47:13.159 --> 00:47:13.960
<v Speaker 2>I don't get involved.

920
00:47:14.199 --> 00:47:17.119
<v Speaker 5>But he is a tool to ruin a marriage.

921
00:47:17.159 --> 00:47:20.480
<v Speaker 2>Yeah, but you know, but just or or just or

922
00:47:20.679 --> 00:47:23.039
<v Speaker 2>just uh, you know, hidden man erotica. I'm just throwing

923
00:47:23.039 --> 00:47:24.760
<v Speaker 2>it out there, just throwing it out.

924
00:47:27.239 --> 00:47:30.840
<v Speaker 6>I can add that to the Technically, the proprietary world

925
00:47:30.840 --> 00:47:36.280
<v Speaker 6>of the IP why not, Well, Zach is speechlessly.

926
00:47:36.440 --> 00:47:38.880
<v Speaker 2>If anyone listening, everyone's listening. I see Snack's face. It's

927
00:47:38.960 --> 00:47:41.519
<v Speaker 2>just like, it's all right now. He can't even speak.

928
00:47:41.960 --> 00:47:48.440
<v Speaker 3>Like, yes, obviously, obviously this is the thing that should happen. Oh,

929
00:47:48.519 --> 00:47:49.119
<v Speaker 3>it's funny.

930
00:47:49.159 --> 00:47:52.880
<v Speaker 4>Actually, in the early days of the film, when I

931
00:47:52.920 --> 00:47:54.159
<v Speaker 4>was exploring ideas, I was.

932
00:47:54.159 --> 00:47:58.880
<v Speaker 3>Like, what if we had a romantic encounter there?

933
00:47:59.320 --> 00:48:01.800
<v Speaker 2>This is a whole whole market that you guys are

934
00:48:01.840 --> 00:48:04.599
<v Speaker 2>not serving, sir, There's a whole market you could be

935
00:48:04.719 --> 00:48:06.400
<v Speaker 2>just selling this stuff too.

936
00:48:06.480 --> 00:48:09.159
<v Speaker 5>I'm just we're not saying there isn't a romantic encounter.

937
00:48:09.960 --> 00:48:12.760
<v Speaker 2>There might be. There might be, there might be.

938
00:48:15.079 --> 00:48:15.519
<v Speaker 3>Here's the thing.

939
00:48:15.599 --> 00:48:18.159
<v Speaker 4>Let's get into me and Anthony, have you know, we

940
00:48:18.199 --> 00:48:20.920
<v Speaker 4>want to We've got a very specific idea on how

941
00:48:21.079 --> 00:48:24.760
<v Speaker 4>we can take this even further. So a new concept,

942
00:48:24.800 --> 00:48:29.360
<v Speaker 4>a new blockchain concept that people maybe are not as

943
00:48:29.400 --> 00:48:31.960
<v Speaker 4>familiar with, is is a dow a d A.

944
00:48:32.639 --> 00:48:33.280
<v Speaker 3>Have you heard of this?

945
00:48:33.559 --> 00:48:34.159
<v Speaker 2>No, I haven't.

946
00:48:35.159 --> 00:48:37.480
<v Speaker 5>Decentralized autonomous organization.

947
00:48:38.239 --> 00:48:43.840
<v Speaker 2>Oh I've heard of decentralized for banks, but not for organization. Okay,

948
00:48:43.880 --> 00:48:44.960
<v Speaker 2>so talk to me about that.

949
00:48:45.360 --> 00:48:48.679
<v Speaker 4>So there's been DeFi, which is decentralized finance yep, and

950
00:48:48.679 --> 00:48:52.480
<v Speaker 4>that's very cool. The next step after DeFi, after NFTs

951
00:48:52.719 --> 00:48:57.639
<v Speaker 4>is downs, so decentralized autonomous organizations. And these are essentially

952
00:48:58.000 --> 00:49:02.360
<v Speaker 4>corporate structures or business structures where it's not really run

953
00:49:02.400 --> 00:49:06.280
<v Speaker 4>by anyone, there's not really a corporate hierarchy, and the

954
00:49:06.320 --> 00:49:11.960
<v Speaker 4>governance of the organization is equally spread out among all

955
00:49:12.000 --> 00:49:15.519
<v Speaker 4>of its members. So essentially anyone can come in by

956
00:49:15.599 --> 00:49:19.400
<v Speaker 4>the governance token, the you know, the currency that's native

957
00:49:19.440 --> 00:49:22.719
<v Speaker 4>to the Dow organization and start working on projects and

958
00:49:22.760 --> 00:49:23.519
<v Speaker 4>getting paid for it.

959
00:49:23.840 --> 00:49:27.199
<v Speaker 3>So we're still doing a lot of research on how

960
00:49:27.239 --> 00:49:27.400
<v Speaker 3>to do.

961
00:49:27.639 --> 00:49:31.519
<v Speaker 6>It's imagine a decentralized production company where every all the

962
00:49:31.559 --> 00:49:34.239
<v Speaker 6>fans get to vote on what the next project is.

963
00:49:34.320 --> 00:49:35.360
<v Speaker 5>That's what we're working on.

964
00:49:35.360 --> 00:49:37.000
<v Speaker 2>And they're paying and they and they pay for and

965
00:49:37.079 --> 00:49:40.280
<v Speaker 2>they'll pay for it by paying into they can help

966
00:49:40.360 --> 00:49:41.079
<v Speaker 2>finance it.

967
00:49:40.800 --> 00:49:43.559
<v Speaker 5>It creates a liquidity pool essentially, yeah.

968
00:49:43.360 --> 00:49:47.760
<v Speaker 4>Yeah, and they get rewarded for financing the production. And

969
00:49:47.920 --> 00:49:50.880
<v Speaker 4>also what's going to happen is we're going we're creating

970
00:49:51.559 --> 00:49:54.119
<v Speaker 4>uh now, this is this is very early stages here,

971
00:49:54.159 --> 00:49:57.599
<v Speaker 4>but we're really excited about it. The core component of

972
00:49:57.639 --> 00:49:59.760
<v Speaker 4>how this dow is going to work is essentially it's

973
00:49:59.800 --> 00:50:03.079
<v Speaker 4>going to manage the Hidden Lakes IP.

974
00:50:04.760 --> 00:50:07.280
<v Speaker 2>We'll be right back after a word from our sponsor

975
00:50:10.880 --> 00:50:12.159
<v Speaker 2>and now back to the show.

976
00:50:13.960 --> 00:50:18.400
<v Speaker 4>So, uh, you know, the the the our film is

977
00:50:18.480 --> 00:50:20.760
<v Speaker 4>just the first installment of this IP. We're gonna be

978
00:50:20.760 --> 00:50:22.679
<v Speaker 4>making sequels and stuff. And part of how we're going

979
00:50:22.760 --> 00:50:25.480
<v Speaker 4>to get that done is that we're gonna fractionalize and

980
00:50:25.559 --> 00:50:28.280
<v Speaker 4>decentralize uh licensing.

981
00:50:27.840 --> 00:50:28.840
<v Speaker 3>To the IP itself.

982
00:50:29.239 --> 00:50:31.280
<v Speaker 4>So we're gonna say, Okay, we're gonna mint a set

983
00:50:31.320 --> 00:50:34.400
<v Speaker 4>of ten thousand tokens. You buy a token, you can

984
00:50:34.440 --> 00:50:38.400
<v Speaker 4>send it back to the Ethereum contract and uh so

985
00:50:38.440 --> 00:50:40.599
<v Speaker 4>it's you know, not in our control, it's in you know,

986
00:50:40.679 --> 00:50:43.800
<v Speaker 4>the contract itself. And for as long as that's in

987
00:50:43.840 --> 00:50:47.880
<v Speaker 4>the contract, as long as you're you know, in this bank, uh,

988
00:50:48.000 --> 00:50:52.280
<v Speaker 4>you get in return a license to use the IP

989
00:50:52.559 --> 00:50:55.760
<v Speaker 4>however you want. Thanks Steff for man pornography.

990
00:50:55.880 --> 00:50:56.760
<v Speaker 5>Yeah, I mean the thing.

991
00:50:57.079 --> 00:51:01.079
<v Speaker 2>The thing is like erotic assert erotic U. There is

992
00:51:01.159 --> 00:51:05.320
<v Speaker 2>a difference. Let's clarify that right now between bigfoot porn

993
00:51:05.360 --> 00:51:12.320
<v Speaker 2>and big you can't make porn correct, there's a difference

994
00:51:12.440 --> 00:51:13.519
<v Speaker 2>there's a difference, sir.

995
00:51:16.280 --> 00:51:17.840
<v Speaker 3>It's it's it's.

996
00:51:17.800 --> 00:51:20.239
<v Speaker 2>We're kind of people are gonna think like that. I've like,

997
00:51:20.760 --> 00:51:24.800
<v Speaker 2>look enjoint big. I'm the one that started this, all right.

998
00:51:29.920 --> 00:51:32.159
<v Speaker 2>I know right now, I know somebody right now listening

999
00:51:32.199 --> 00:51:34.599
<v Speaker 2>to this is like curving off the road laughing at

1000
00:51:34.639 --> 00:51:41.400
<v Speaker 2>like the big Oh Jesus, no, this all sounds great. Look,

1001
00:51:41.400 --> 00:51:43.079
<v Speaker 2>this is the thing where we're so early on in

1002
00:51:43.079 --> 00:51:46.760
<v Speaker 2>this whole this whole experiment of NFTs and blockchain everything.

1003
00:51:46.960 --> 00:51:48.679
<v Speaker 2>I've said this before on the show. I'll say it again.

1004
00:51:48.760 --> 00:51:52.159
<v Speaker 2>Blockchains is as or more important than the Internet is

1005
00:51:52.159 --> 00:51:57.199
<v Speaker 2>to human civilization and people, people who don't understand that statement,

1006
00:51:57.280 --> 00:52:00.159
<v Speaker 2>you will just the same way as people in nine

1007
00:52:00.239 --> 00:52:03.599
<v Speaker 2>ninety six said the Internet's going to change everything. Just

1008
00:52:03.719 --> 00:52:06.159
<v Speaker 2>like that guy who shot that rocket up into space

1009
00:52:06.199 --> 00:52:07.840
<v Speaker 2>the other day that looked like something that I won't

1010
00:52:07.840 --> 00:52:10.559
<v Speaker 2>say on it looked like Bigfoot of Rotica. His rocket

1011
00:52:10.559 --> 00:52:15.719
<v Speaker 2>looked like Bigfoot of Rotica. That guy said, Hey, I'm

1012
00:52:15.760 --> 00:52:18.079
<v Speaker 2>going to sell books on the Internet, and now he

1013
00:52:18.119 --> 00:52:21.960
<v Speaker 2>sells everything that That's the same thing that blockchain is

1014
00:52:21.960 --> 00:52:24.079
<v Speaker 2>going to do. We're just not there yet, and we

1015
00:52:24.159 --> 00:52:27.760
<v Speaker 2>will get there. And it's getting there. It's growing fast

1016
00:52:27.800 --> 00:52:29.800
<v Speaker 2>and there's issues. And I think you said it in

1017
00:52:29.840 --> 00:52:33.840
<v Speaker 2>your article as well, Zach about you know, theorum will

1018
00:52:33.880 --> 00:52:36.960
<v Speaker 2>become cheaper, it will become a greener. It's just a

1019
00:52:37.000 --> 00:52:39.559
<v Speaker 2>lot of electricity that runs through to get all this stuff.

1020
00:52:39.719 --> 00:52:42.960
<v Speaker 2>So it's gonna get It's it's just like dial up

1021
00:52:43.039 --> 00:52:45.239
<v Speaker 2>man in ninety six, ninety five, ninety four. It's like

1022
00:52:45.280 --> 00:52:48.199
<v Speaker 2>dial up. It's like, how can anyone can even think

1023
00:52:48.559 --> 00:52:52.440
<v Speaker 2>or conceive that I could buy something on the internet?

1024
00:52:52.760 --> 00:52:54.639
<v Speaker 2>Remember that, how old are you? Guys are younger that

1025
00:52:54.760 --> 00:52:57.079
<v Speaker 2>much younger than me. So I remember the time was

1026
00:52:57.079 --> 00:52:59.480
<v Speaker 2>like people were like, I'm not putting my credit card online.

1027
00:53:00.199 --> 00:53:02.599
<v Speaker 2>Like that was people were like, I'm not putting my

1028
00:53:02.599 --> 00:53:04.519
<v Speaker 2>credit card online that they're going to steal my identity.

1029
00:53:05.519 --> 00:53:07.760
<v Speaker 2>That was the mentality back then. That's where we are

1030
00:53:07.840 --> 00:53:09.639
<v Speaker 2>right now with blockchain. I think in five or ten years,

1031
00:53:09.639 --> 00:53:12.440
<v Speaker 2>blockchain will be at a completely different place. Crypto I

1032
00:53:12.440 --> 00:53:15.639
<v Speaker 2>think will be probably at a completely different place. And

1033
00:53:15.679 --> 00:53:18.519
<v Speaker 2>what you guys are talking about and defy and and

1034
00:53:18.599 --> 00:53:20.760
<v Speaker 2>now and all this these kind of concepts I think

1035
00:53:20.760 --> 00:53:23.400
<v Speaker 2>are really going to help not only the world, but

1036
00:53:23.480 --> 00:53:27.079
<v Speaker 2>in our little microcosm of independent film. It's giving a

1037
00:53:27.079 --> 00:53:28.199
<v Speaker 2>lot of power back to us.

1038
00:53:28.960 --> 00:53:30.239
<v Speaker 4>Yeah, that's what I was going to say, is that

1039
00:53:30.280 --> 00:53:33.599
<v Speaker 4>like this, like the paradigm shift that's happening that mirrors

1040
00:53:33.639 --> 00:53:35.199
<v Speaker 4>the Internet revolution.

1041
00:53:36.199 --> 00:53:38.320
<v Speaker 3>That's the main people who are.

1042
00:53:38.239 --> 00:53:40.599
<v Speaker 4>Going to benefit from our independent creators. So what this

1043
00:53:40.800 --> 00:53:43.559
<v Speaker 4>technology does is it cut outs the middleman. It cut

1044
00:53:43.559 --> 00:53:46.320
<v Speaker 4>outs the big centralized institutions that tell you yes or no.

1045
00:53:47.119 --> 00:53:50.840
<v Speaker 4>It's really going to power the empower the individual creators

1046
00:53:50.920 --> 00:53:54.000
<v Speaker 4>who want to you know, contribute things to their favorite

1047
00:53:54.000 --> 00:53:55.760
<v Speaker 4>stuff and make money in the process.

1048
00:53:56.199 --> 00:53:58.760
<v Speaker 2>And you and you, so you give away fifty percent

1049
00:53:58.760 --> 00:54:01.880
<v Speaker 2>of all streaming rights. But of right now, you still

1050
00:54:01.880 --> 00:54:03.960
<v Speaker 2>have to do the accounting. In other words, the money

1051
00:54:04.000 --> 00:54:06.280
<v Speaker 2>has to come into an account and then you've got

1052
00:54:06.320 --> 00:54:09.960
<v Speaker 2>to convert that into ethereum or whatever, you know, whatever

1053
00:54:10.639 --> 00:54:13.440
<v Speaker 2>stable coin or whatever you're going to use to pay

1054
00:54:14.079 --> 00:54:15.719
<v Speaker 2>that person exactly.

1055
00:54:15.760 --> 00:54:17.920
<v Speaker 4>So that that goes to show how early we are

1056
00:54:18.000 --> 00:54:20.000
<v Speaker 4>where you know, in five years that will all be

1057
00:54:20.079 --> 00:54:23.000
<v Speaker 4>able to be able to get done on chain. Right now,

1058
00:54:23.360 --> 00:54:28.000
<v Speaker 4>there's not really a solution for that, so we you know,

1059
00:54:28.119 --> 00:54:30.159
<v Speaker 4>for however long that would take, and we'll just say, okay,

1060
00:54:30.159 --> 00:54:31.760
<v Speaker 4>we're just going to do the accounting ourselves.

1061
00:54:32.840 --> 00:54:35.400
<v Speaker 3>You know that. Being said, you know that it may

1062
00:54:35.440 --> 00:54:36.039
<v Speaker 3>be that.

1063
00:54:37.360 --> 00:54:40.159
<v Speaker 4>Not only is the smart contract upbradable and that we

1064
00:54:40.199 --> 00:54:43.000
<v Speaker 4>can automate that, you know, from the token on chain,

1065
00:54:44.000 --> 00:54:47.800
<v Speaker 4>or we could we could find a crypto powered streaming

1066
00:54:47.840 --> 00:54:51.599
<v Speaker 4>platform which is also a new territory where the film

1067
00:54:51.599 --> 00:54:53.320
<v Speaker 4>will be online and you can watch it for free

1068
00:54:53.360 --> 00:54:56.119
<v Speaker 4>and also maybe even get paid for watching it. And

1069
00:54:56.159 --> 00:54:58.639
<v Speaker 4>it also probably give us a better rate streaming wise

1070
00:54:58.719 --> 00:55:01.639
<v Speaker 4>than you know, Amazon Prime for Vimeo on demands.

1071
00:55:01.840 --> 00:55:04.559
<v Speaker 2>You mean a penny for an hour? Is that not fair?

1072
00:55:04.639 --> 00:55:06.840
<v Speaker 2>I think that's more than fair. I don't understand. I mean,

1073
00:55:07.280 --> 00:55:09.960
<v Speaker 2>didn't you hear that that? Jeff Bezos thanks us all

1074
00:55:10.360 --> 00:55:13.000
<v Speaker 2>for having him go up into space.

1075
00:55:14.320 --> 00:55:16.960
<v Speaker 3>Yeah, built on the backs of independent filmmakers.

1076
00:55:17.039 --> 00:55:20.519
<v Speaker 2>Oh, don't even get me started. Happen we made it

1077
00:55:20.559 --> 00:55:23.480
<v Speaker 2>was all us. We started off at fifteen cents. Now

1078
00:55:23.559 --> 00:55:25.760
<v Speaker 2>he's down in one sense. What happened with those fourteen cents?

1079
00:55:25.760 --> 00:55:32.639
<v Speaker 2>Boom into Space? Big Foot e rotica. Anyway, So another

1080
00:55:32.679 --> 00:55:35.159
<v Speaker 2>big player jumped on the scene in the NFT world,

1081
00:55:35.159 --> 00:55:37.559
<v Speaker 2>which is Kenn Smith, and he came on with his

1082
00:55:37.599 --> 00:55:41.440
<v Speaker 2>film kil Roy was here, but he did the opposite

1083
00:55:41.440 --> 00:55:44.280
<v Speaker 2>of what you guys did He's literally selling or giving

1084
00:55:44.320 --> 00:55:49.320
<v Speaker 2>his distribution rights away to this film. What do you

1085
00:55:49.360 --> 00:55:51.239
<v Speaker 2>think of that? And how do you think that model

1086
00:55:51.280 --> 00:55:52.639
<v Speaker 2>is gonna work? Did he even sell it yet? I

1087
00:55:52.639 --> 00:55:53.719
<v Speaker 2>don't even know if he sold it yet.

1088
00:55:54.719 --> 00:55:55.760
<v Speaker 3>I don't think it's online.

1089
00:55:55.800 --> 00:55:58.800
<v Speaker 4>So we've been we That was actually his announcement of

1090
00:55:58.840 --> 00:56:00.400
<v Speaker 4>That was actually the reason why we press the launch

1091
00:56:00.400 --> 00:56:03.440
<v Speaker 4>button on this project, because we've been building it since

1092
00:56:03.519 --> 00:56:06.320
<v Speaker 4>like March. We're like, oh no, we gotta we gotta

1093
00:56:06.320 --> 00:56:08.400
<v Speaker 4>beat up to the punch. But uh yeah, I don't

1094
00:56:08.400 --> 00:56:11.400
<v Speaker 4>think it's online. But again it's like it's it's very

1095
00:56:11.400 --> 00:56:13.559
<v Speaker 4>similar to what we're doing, but there's also some key

1096
00:56:13.639 --> 00:56:17.360
<v Speaker 4>differences that kind of make it. I I prefer to

1097
00:56:17.400 --> 00:56:20.840
<v Speaker 4>not take that approach simply because, like I was saying earlier,

1098
00:56:20.880 --> 00:56:22.800
<v Speaker 4>you don't want to make your patron work too much

1099
00:56:23.280 --> 00:56:27.360
<v Speaker 4>to exercise their their utility that you give them. So

1100
00:56:27.559 --> 00:56:31.079
<v Speaker 4>with Kevin Smith's n FT, which also is being minted

1101
00:56:31.119 --> 00:56:34.599
<v Speaker 4>on the Phantasma chain, which is different from Ethereum, and

1102
00:56:34.719 --> 00:56:36.639
<v Speaker 4>we can maybe get into you know what chain you

1103
00:56:36.679 --> 00:56:39.320
<v Speaker 4>should actually mint on, but regardless of that.

1104
00:56:39.159 --> 00:56:41.119
<v Speaker 3>That's very technical knowledge.

1105
00:56:41.639 --> 00:56:44.079
<v Speaker 4>Essentially, the the the best person who's gonna want to

1106
00:56:44.079 --> 00:56:48.519
<v Speaker 4>buy the Kevin Smith n FT is a distributor, So like,

1107
00:56:48.599 --> 00:56:51.440
<v Speaker 4>if you come come at it from our perspective where

1108
00:56:51.800 --> 00:56:54.599
<v Speaker 4>we're our target market for this, n FT is a

1109
00:56:54.719 --> 00:56:56.239
<v Speaker 4>private individual collector.

1110
00:56:56.840 --> 00:56:58.599
<v Speaker 3>They're not gonna know how to how the.

1111
00:56:58.639 --> 00:57:01.639
<v Speaker 4>Hell to distribute this thing, right, So, uh, if you're

1112
00:57:01.639 --> 00:57:04.920
<v Speaker 4>giving them the entirety of your distribution rights, that's cool.

1113
00:57:05.320 --> 00:57:07.880
<v Speaker 4>Just know that your market is much more different and

1114
00:57:07.920 --> 00:57:11.199
<v Speaker 4>you're probably it's it's it's like, if you're selling to

1115
00:57:11.239 --> 00:57:15.480
<v Speaker 4>a distributor and you're looking to give the distributor your

1116
00:57:15.519 --> 00:57:17.639
<v Speaker 4>rights with the n FT, you probably don't even need

1117
00:57:17.639 --> 00:57:19.920
<v Speaker 4>an n FT. Like that's pretty much just the exact

1118
00:57:19.960 --> 00:57:21.800
<v Speaker 4>same thing as a deal you would strike.

1119
00:57:22.360 --> 00:57:24.320
<v Speaker 2>And I think he's just I think he's just trying

1120
00:57:24.360 --> 00:57:26.880
<v Speaker 2>to get some hype over it, and that's all it was,

1121
00:57:26.920 --> 00:57:29.519
<v Speaker 2>because he's actually selling, like you know, James Simon, Bob

1122
00:57:29.639 --> 00:57:32.360
<v Speaker 2>NFTs and he's making a mint with them. Uh, you

1123
00:57:32.440 --> 00:57:35.239
<v Speaker 2>know all those like cool little mean stuff like that.

1124
00:57:35.280 --> 00:57:37.840
<v Speaker 2>He's it's not stupid that sense. He's definitely. I mean,

1125
00:57:37.880 --> 00:57:39.519
<v Speaker 2>he was one of the first podcasters. He was he

1126
00:57:39.599 --> 00:57:44.599
<v Speaker 2>jumped on the podwagon years ago before it was cool uh,

1127
00:57:44.719 --> 00:57:48.440
<v Speaker 2>and and everybody had a podcast. Uh. And people tell me,

1128
00:57:48.480 --> 00:57:49.920
<v Speaker 2>I'm like, oh, you jumped in early. My dude, I

1129
00:57:49.960 --> 00:57:51.920
<v Speaker 2>jumped in six years ago, like Kevin Smith jumped in

1130
00:57:51.920 --> 00:57:55.199
<v Speaker 2>like a decade or more ago. Like it's it was insane.

1131
00:57:55.960 --> 00:58:00.920
<v Speaker 2>Respect Joe Rogan frick Man, he's jumped like oh nine,

1132
00:58:00.960 --> 00:58:02.719
<v Speaker 2>you like couldn't get that damn thing to stream. I

1133
00:58:02.719 --> 00:58:05.360
<v Speaker 2>saw the first in the first podcast, it was just

1134
00:58:05.360 --> 00:58:08.199
<v Speaker 2>like trying to make it work, and it was like

1135
00:58:08.199 --> 00:58:11.960
<v Speaker 2>like three twenty by you know, by two forty videos,

1136
00:58:12.000 --> 00:58:15.119
<v Speaker 2>Like it was horrible. Uh, but you just made a

1137
00:58:15.159 --> 00:58:19.320
<v Speaker 2>hundred million bucks and that's not bad. Did Okay, it's good,

1138
00:58:19.599 --> 00:58:20.400
<v Speaker 2>good ROI.

1139
00:58:21.800 --> 00:58:24.440
<v Speaker 6>So I think, like you know, anyone that's doing anything

1140
00:58:24.480 --> 00:58:26.480
<v Speaker 6>in the NFT space is just like adding to the

1141
00:58:26.559 --> 00:58:30.039
<v Speaker 6>value of everyone else that's trying to work on it apps.

1142
00:58:30.039 --> 00:58:32.199
<v Speaker 6>Like we're all just trying to like I said, like

1143
00:58:32.199 --> 00:58:34.679
<v Speaker 6>for us, it's an experiment, Like we're curious about other

1144
00:58:34.679 --> 00:58:35.559
<v Speaker 6>people's case studies.

1145
00:58:35.639 --> 00:58:36.599
<v Speaker 5>We want to see what they're doing.

1146
00:58:36.639 --> 00:58:39.519
<v Speaker 6>We want to see like what models of incentive they're

1147
00:58:39.519 --> 00:58:42.639
<v Speaker 6>developing and kind of like you know, works some magic.

1148
00:58:42.679 --> 00:58:44.719
<v Speaker 6>I mean, we're all really excited about the new technology.

1149
00:58:44.760 --> 00:58:46.159
<v Speaker 6>We need people to know about it. This is still

1150
00:58:46.159 --> 00:58:50.199
<v Speaker 6>super inaccessible to like an audience, Like they don't most

1151
00:58:50.199 --> 00:58:51.599
<v Speaker 6>people don't understand.

1152
00:58:51.159 --> 00:58:53.320
<v Speaker 5>This stuff, and so it's just like we need more

1153
00:58:53.320 --> 00:58:54.199
<v Speaker 5>people to be interested.

1154
00:58:54.480 --> 00:58:56.079
<v Speaker 2>I mean I had to I had to educate. I

1155
00:58:56.079 --> 00:58:57.519
<v Speaker 2>took it took me like half a day to figure

1156
00:58:57.519 --> 00:59:00.960
<v Speaker 2>out how to mint something. Like the technology so clunky.

1157
00:59:01.599 --> 00:59:04.400
<v Speaker 2>It's just so clunky to get stuff done. Now, I'm like,

1158
00:59:04.519 --> 00:59:06.519
<v Speaker 2>my god, isn't someone figured this out to make this

1159
00:59:06.559 --> 00:59:09.199
<v Speaker 2>a little easier, Like it doesn't seem that difficult. But

1160
00:59:09.239 --> 00:59:12.400
<v Speaker 2>it was like, and I use Mintable because it was

1161
00:59:12.400 --> 00:59:14.760
<v Speaker 2>the easiest. Open Sea was like too expensive. They want

1162
00:59:14.760 --> 00:59:17.239
<v Speaker 2>to gas freeze up front, Mintable to gas freeze on

1163
00:59:17.280 --> 00:59:19.000
<v Speaker 2>the on the end. Now we're like talking in languages

1164
00:59:19.000 --> 00:59:22.760
<v Speaker 2>that nobody else understands. But but yeah, but it was

1165
00:59:23.280 --> 00:59:25.519
<v Speaker 2>it just and even then Mintable was still like a

1166
00:59:25.559 --> 00:59:28.119
<v Speaker 2>pain in the butt to figure out. It's just it's

1167
00:59:28.159 --> 00:59:33.400
<v Speaker 2>still so early, man, We're still so so early. Now.

1168
00:59:33.960 --> 00:59:36.519
<v Speaker 2>One thing I want to ask you is we're talking

1169
00:59:36.519 --> 00:59:39.320
<v Speaker 2>about all these NFTs and independent film and all that stuff.

1170
00:59:39.440 --> 00:59:41.280
<v Speaker 2>Not every project is going to be a good candidate

1171
00:59:41.280 --> 00:59:44.360
<v Speaker 2>for an NFT. So what make how do you how

1172
00:59:44.400 --> 00:59:47.800
<v Speaker 2>does a filmmaker know if their project makes sense for

1173
00:59:47.920 --> 00:59:48.559
<v Speaker 2>this world?

1174
00:59:49.840 --> 00:59:52.719
<v Speaker 6>You know, this is an awesome question, and I think

1175
00:59:52.880 --> 00:59:55.639
<v Speaker 6>Zach and I probably talk about this every day, and

1176
00:59:55.719 --> 01:00:02.480
<v Speaker 6>I think what makes particularly like understand like internet communities.

1177
01:00:03.400 --> 01:00:05.920
<v Speaker 2>Will be right back after a word from our sponsor

1178
01:00:09.519 --> 01:00:11.079
<v Speaker 2>and now back to the show.

1179
01:00:12.480 --> 01:00:17.960
<v Speaker 6>Like if and who you're from a development perspective, who

1180
01:00:18.000 --> 01:00:19.519
<v Speaker 6>are the people who are going to be investing in

1181
01:00:19.559 --> 01:00:22.440
<v Speaker 6>your project to actually like make it happen so you

1182
01:00:22.480 --> 01:00:24.639
<v Speaker 6>can go into production and those kinds of things. Who

1183
01:00:24.679 --> 01:00:30.400
<v Speaker 6>is your like financing audience essentially, and like our film

1184
01:00:31.079 --> 01:00:35.880
<v Speaker 6>specifically is targeted towards like village voice myth making and

1185
01:00:35.920 --> 01:00:36.760
<v Speaker 6>where does that happen.

1186
01:00:36.920 --> 01:00:37.880
<v Speaker 5>Happens on the Internet.

1187
01:00:37.920 --> 01:00:41.599
<v Speaker 6>We're doing that every single day, and so thematically our

1188
01:00:41.639 --> 01:00:44.599
<v Speaker 6>project is designed to be talked about on the Internet,

1189
01:00:44.880 --> 01:00:48.519
<v Speaker 6>and it's like self conscious of that, and we think

1190
01:00:48.559 --> 01:00:52.519
<v Speaker 6>that that in itself is interesting to people who are

1191
01:00:52.519 --> 01:00:55.159
<v Speaker 6>on the Internet creating and sharing memes and using that

1192
01:00:55.199 --> 01:00:56.320
<v Speaker 6>as a form of communication.

1193
01:00:56.800 --> 01:01:00.000
<v Speaker 5>And so specifically for this world that we're building out,

1194
01:01:00.119 --> 01:01:00.519
<v Speaker 5>which is.

1195
01:01:00.519 --> 01:01:04.960
<v Speaker 6>Like like like a modern mythos, basically that's using the

1196
01:01:05.000 --> 01:01:09.920
<v Speaker 6>Internet as like as like a community standpoint, people who

1197
01:01:09.960 --> 01:01:12.800
<v Speaker 6>are moving money on the Internet, people who are in

1198
01:01:12.840 --> 01:01:16.480
<v Speaker 6>crypto communities and want to see content that is more

1199
01:01:16.519 --> 01:01:19.880
<v Speaker 6>directly related to them and their user experience. Those are

1200
01:01:19.880 --> 01:01:22.800
<v Speaker 6>the people that we think right now, because it's the

1201
01:01:22.800 --> 01:01:25.079
<v Speaker 6>initial audience in this world that are going to be

1202
01:01:25.119 --> 01:01:27.960
<v Speaker 6>interested in funding projects and seeing things that reflect back

1203
01:01:28.360 --> 01:01:30.199
<v Speaker 6>like interesting elements to them.

1204
01:01:30.519 --> 01:01:32.719
<v Speaker 4>Yeah, I would say, if you're trying to build a

1205
01:01:32.760 --> 01:01:35.239
<v Speaker 4>community like that and you're trying to build an audience

1206
01:01:35.559 --> 01:01:38.599
<v Speaker 4>into the IP and it's like the shared experience, this

1207
01:01:38.719 --> 01:01:41.159
<v Speaker 4>is definitely NFTs are definitely the route for you, and

1208
01:01:41.239 --> 01:01:45.119
<v Speaker 4>I think you know, to for on a more logistical point,

1209
01:01:45.159 --> 01:01:48.519
<v Speaker 4>this is definitely geared to, like like the PSD model itself.

1210
01:01:49.320 --> 01:01:52.280
<v Speaker 4>It's assuming that you already have you know, you already

1211
01:01:52.280 --> 01:01:55.039
<v Speaker 4>have a completed film first of all, and that film

1212
01:01:55.079 --> 01:01:57.679
<v Speaker 4>is probably going to be low budget, like we were

1213
01:01:57.679 --> 01:02:01.599
<v Speaker 4>talking about earlier, it's probably going to be the director driven.

1214
01:02:03.000 --> 01:02:05.400
<v Speaker 3>To you know, take the fine art sort of box

1215
01:02:06.400 --> 01:02:07.239
<v Speaker 3>and you.

1216
01:02:07.199 --> 01:02:09.559
<v Speaker 4>Know, like we were talking about before, you know, maybe

1217
01:02:10.159 --> 01:02:12.960
<v Speaker 4>if you have like a decent name talent, maybe you

1218
01:02:13.000 --> 01:02:13.840
<v Speaker 4>don't need.

1219
01:02:13.800 --> 01:02:16.639
<v Speaker 3>You know, the boost that this as D model would

1220
01:02:16.880 --> 01:02:17.679
<v Speaker 3>attempt to give you.

1221
01:02:18.119 --> 01:02:21.159
<v Speaker 4>But at the same time, maybe that's an incentive to

1222
01:02:21.360 --> 01:02:25.000
<v Speaker 4>grab an even more a higher price at the auction. Right,

1223
01:02:25.800 --> 01:02:28.360
<v Speaker 4>So like, oh, Brad Pitt is in this one of

1224
01:02:28.440 --> 01:02:30.880
<v Speaker 4>one NFT movie. I'm an art collector. I have a

1225
01:02:30.960 --> 01:02:34.599
<v Speaker 4>Jackson Pollock and Mark Rothko in my collection. I can

1226
01:02:34.639 --> 01:02:37.280
<v Speaker 4>throw a million dollars at the new Brad Pitt movie NFT.

1227
01:02:37.679 --> 01:02:40.159
<v Speaker 3>That'll be fifty million dollars in fifty years.

1228
01:02:40.480 --> 01:02:45.119
<v Speaker 2>So what would what would a Kubrick be worth? What

1229
01:02:45.119 --> 01:02:47.920
<v Speaker 2>would be what would what would Kurosawa would be worth?

1230
01:02:48.239 --> 01:02:53.320
<v Speaker 2>And now we have Nolan, Fincher, Spielberg, Scorsese, you know what,

1231
01:02:53.320 --> 01:02:54.480
<v Speaker 2>what's the Godfather worth?

1232
01:02:54.559 --> 01:02:54.639
<v Speaker 4>Like?

1233
01:02:54.679 --> 01:02:59.599
<v Speaker 2>It's just I think once mainstream Hollywood and some of

1234
01:02:59.639 --> 01:03:03.199
<v Speaker 2>these directors start figuring these things out, they're gonna go,

1235
01:03:03.239 --> 01:03:06.760
<v Speaker 2>oh wait a minute, and we can make not only

1236
01:03:06.760 --> 01:03:08.079
<v Speaker 2>can we make some money with this, but we can

1237
01:03:08.119 --> 01:03:14.480
<v Speaker 2>actually insert ourselves into the conversation culturally just and and uh,

1238
01:03:14.639 --> 01:03:16.239
<v Speaker 2>who was who was the filmmaker?

1239
01:03:17.360 --> 01:03:17.519
<v Speaker 3>God?

1240
01:03:17.559 --> 01:03:21.039
<v Speaker 2>I forgot, I lost my train of thought. But but yeah,

1241
01:03:21.480 --> 01:03:24.239
<v Speaker 2>it's it's it's worth that. And I think once filmmakers

1242
01:03:24.239 --> 01:03:27.480
<v Speaker 2>are able to these higher end filmmakers start doing things

1243
01:03:27.519 --> 01:03:31.360
<v Speaker 2>like that, you know what would a Fincher n f

1244
01:03:31.400 --> 01:03:34.320
<v Speaker 2>TV worth man, Yeah, what did a Nolan fin What

1245
01:03:34.320 --> 01:03:36.760
<v Speaker 2>would a Nolan you know, what would tenant be worth?

1246
01:03:37.519 --> 01:03:37.719
<v Speaker 2>You know?

1247
01:03:37.920 --> 01:03:40.880
<v Speaker 4>Yeah, And that line of thinking again is very different

1248
01:03:40.920 --> 01:03:43.719
<v Speaker 4>from saying, Okay, we're gonna you know, we're gonna have

1249
01:03:43.840 --> 01:03:46.480
<v Speaker 4>n FT tickets where you know, that might still be

1250
01:03:46.519 --> 01:03:48.639
<v Speaker 4>worth something that's more like a like a collectible, you know,

1251
01:03:49.039 --> 01:03:52.239
<v Speaker 4>Pokemon card or like a Beatles seeket from like you know,

1252
01:03:52.360 --> 01:03:54.920
<v Speaker 4>nineteen sixty nine or something like that. So it's it's

1253
01:03:54.960 --> 01:03:57.119
<v Speaker 4>like almost like two different asset classes. You have the

1254
01:03:57.159 --> 01:03:59.760
<v Speaker 4>scarce sort of fine art NFTs, and you also have

1255
01:03:59.840 --> 01:04:05.360
<v Speaker 4>the fungible quote unquote like merchandise.

1256
01:04:04.840 --> 01:04:07.159
<v Speaker 2>At FT, collectible collectibles exact.

1257
01:04:07.840 --> 01:04:09.840
<v Speaker 3>Yep. So there are two different asset classes.

1258
01:04:09.880 --> 01:04:12.159
<v Speaker 4>And when we're thinking about what is a David Fincher

1259
01:04:12.320 --> 01:04:13.639
<v Speaker 4>worth or was it Chris owerworth?

1260
01:04:14.039 --> 01:04:15.360
<v Speaker 3>Like that to me, is the.

1261
01:04:15.239 --> 01:04:18.280
<v Speaker 5>Fine art at least like chars are for sure?

1262
01:04:18.599 --> 01:04:19.880
<v Speaker 3>Yeah?

1263
01:04:19.000 --> 01:04:21.880
<v Speaker 2>Yeah, and obviously bigfoot erotica.

1264
01:04:22.000 --> 01:04:28.119
<v Speaker 5>So Pokemon cards a game, guys.

1265
01:04:28.840 --> 01:04:30.440
<v Speaker 2>So I'm gonna ask a few questions to ask on

1266
01:04:30.519 --> 01:04:32.880
<v Speaker 2>my guest guys, what advice would you get filmmakers trying

1267
01:04:32.880 --> 01:04:34.000
<v Speaker 2>to break into the business today?

1268
01:04:35.039 --> 01:04:38.199
<v Speaker 6>You take that one the advice I would give you

1269
01:04:38.519 --> 01:04:44.159
<v Speaker 6>is focus on what's in front of you and figure

1270
01:04:44.199 --> 01:04:48.880
<v Speaker 6>out how to like build a team around the things

1271
01:04:48.880 --> 01:04:53.280
<v Speaker 6>that you're stoked about, and like don't be afraid to

1272
01:04:53.800 --> 01:04:55.079
<v Speaker 6>just like.

1273
01:04:57.360 --> 01:05:02.400
<v Speaker 5>Not sorry, I'm blanking on this. Actually I terribly giving advice.

1274
01:05:03.519 --> 01:05:06.400
<v Speaker 6>What I'll say about this is that when I was

1275
01:05:06.440 --> 01:05:09.239
<v Speaker 6>in college, there were classes that were offered to me,

1276
01:05:09.719 --> 01:05:11.679
<v Speaker 6>and I felt like that wasn't meeting the needs of

1277
01:05:11.719 --> 01:05:13.679
<v Speaker 6>what I wanted to get out of my education. So

1278
01:05:13.719 --> 01:05:15.840
<v Speaker 6>I figured out that I actually had the agency to

1279
01:05:15.880 --> 01:05:17.599
<v Speaker 6>create my own class and get credit for it and

1280
01:05:17.639 --> 01:05:19.519
<v Speaker 6>bring people on and make the movies that I wanted

1281
01:05:19.559 --> 01:05:21.599
<v Speaker 6>to make. And I didn't have to wait for anyone

1282
01:05:21.639 --> 01:05:23.559
<v Speaker 6>to tell to give me a curriculum to do that.

1283
01:05:24.159 --> 01:05:26.559
<v Speaker 6>So get creative. There's tons of opportunities out there. You

1284
01:05:26.559 --> 01:05:28.960
<v Speaker 6>don't have to just follow what's given to you.

1285
01:05:29.599 --> 01:05:30.039
<v Speaker 2>What is the.

1286
01:05:31.719 --> 01:05:34.800
<v Speaker 3>No go ahead that Anthony anthlete perfect answer for that.

1287
01:05:35.400 --> 01:05:37.519
<v Speaker 2>What is the lesson that took you, guys the longest

1288
01:05:37.519 --> 01:05:39.480
<v Speaker 2>to learn, whether in the film industry or in life.

1289
01:05:42.400 --> 01:05:49.480
<v Speaker 6>Tax credit financing, touche, sir, touche, touche.

1290
01:05:49.519 --> 01:05:53.320
<v Speaker 2>That's a that's a very fine, fine, fine lesson to

1291
01:05:53.440 --> 01:05:58.079
<v Speaker 2>learn tax credit financing. Everyone, tax credit financing. First time

1292
01:05:58.719 --> 01:06:02.079
<v Speaker 2>in almost five hundred episodes, someone said, tax credit financing is.

1293
01:06:02.480 --> 01:06:07.920
<v Speaker 6>Something about how valuable it is, and uh, it's actually

1294
01:06:08.000 --> 01:06:10.480
<v Speaker 6>big on that amazing tax credit.

1295
01:06:10.719 --> 01:06:12.280
<v Speaker 2>And three of your favorite films of all time?

1296
01:06:13.840 --> 01:06:15.880
<v Speaker 3>Oh uh, mine are weird.

1297
01:06:16.119 --> 01:06:19.280
<v Speaker 4>I like two thousand and one, I like Napoleon Dynamite.

1298
01:06:19.880 --> 01:06:22.239
<v Speaker 4>And the third one is a toss up between mystery

1299
01:06:22.280 --> 01:06:23.519
<v Speaker 4>Men and bad Lands.

1300
01:06:24.719 --> 01:06:27.159
<v Speaker 2>Oh that's a hell of a combination of films there. There,

1301
01:06:27.400 --> 01:06:30.760
<v Speaker 2>that's I'm trying to put connecting dots. I'm like, I

1302
01:06:30.800 --> 01:06:33.239
<v Speaker 2>connected to and I took connected to mystery Men. Wow,

1303
01:06:33.360 --> 01:06:36.480
<v Speaker 2>mystery Men, first time on the show mystery Men. That's

1304
01:06:37.119 --> 01:06:40.159
<v Speaker 2>I love. I love mystery Men. What a cast, What

1305
01:06:40.239 --> 01:06:41.320
<v Speaker 2>an insane cast.

1306
01:06:41.679 --> 01:06:45.239
<v Speaker 4>They had the production design like the writing smash mouth,

1307
01:06:45.519 --> 01:06:49.400
<v Speaker 4>smash mouth, smash mouth man man.

1308
01:06:49.679 --> 01:06:51.000
<v Speaker 3>Yeah, so that's that's mine.

1309
01:06:51.400 --> 01:06:52.599
<v Speaker 2>How about how about you, Anthony?

1310
01:06:53.320 --> 01:06:58.960
<v Speaker 6>I'll say Princess Mononoke, yes, little Miss Sunshine, classic Indie,

1311
01:06:59.440 --> 01:07:04.039
<v Speaker 6>and I will just say Harry Potter and the Sorcerer's

1312
01:07:04.039 --> 01:07:06.360
<v Speaker 6>Stone probably if honest?

1313
01:07:06.840 --> 01:07:09.679
<v Speaker 2>Sure, Hey yeah, nice.

1314
01:07:09.800 --> 01:07:12.159
<v Speaker 5>Is the magic of childhood?

1315
01:07:12.239 --> 01:07:14.559
<v Speaker 2>Yes, and it's and it's a nice Christmas movie. It's

1316
01:07:14.639 --> 01:07:16.599
<v Speaker 2>like every time it's I always watched it during Christmas,

1317
01:07:16.639 --> 01:07:18.800
<v Speaker 2>That's when they came out. So I always associate Harry

1318
01:07:18.800 --> 01:07:22.599
<v Speaker 2>Potter movies with Christmas as well. So and where can

1319
01:07:22.639 --> 01:07:26.000
<v Speaker 2>people find out about your NFTs, about your films, about

1320
01:07:26.000 --> 01:07:26.880
<v Speaker 2>your projects and so on.

1321
01:07:28.039 --> 01:07:30.519
<v Speaker 4>Yeah, so you can learn about the film and the

1322
01:07:30.679 --> 01:07:31.960
<v Speaker 4>n f T at who is.

1323
01:07:31.960 --> 01:07:33.639
<v Speaker 3>The Hiddenman dot com.

1324
01:07:33.840 --> 01:07:36.519
<v Speaker 4>Uh, that's where all of our links are, and also

1325
01:07:36.719 --> 01:07:40.840
<v Speaker 4>follow Hidden Ones Dow DAO on Twitter.

1326
01:07:41.079 --> 01:07:41.400
<v Speaker 3>Uh.

1327
01:07:41.559 --> 01:07:43.480
<v Speaker 4>You can join our discord too to get the drop

1328
01:07:43.519 --> 01:07:46.119
<v Speaker 4>on that cool dow project that we're doing, which is

1329
01:07:46.119 --> 01:07:46.880
<v Speaker 4>the next step of this.

1330
01:07:48.239 --> 01:07:50.039
<v Speaker 3>Oh and also the film is live on.

1331
01:07:50.440 --> 01:07:53.199
<v Speaker 4>Vimeo on demand too, so you can search for He

1332
01:07:53.239 --> 01:07:55.480
<v Speaker 4>Who Lives in Hitt Lakes on Vimeo and demand and

1333
01:07:55.519 --> 01:07:57.320
<v Speaker 4>it'll be on Prime video as well soon.

1334
01:07:57.599 --> 01:07:59.719
<v Speaker 2>And you're and you're using film hub as well, right.

1335
01:08:00.199 --> 01:08:03.039
<v Speaker 4>Yeah, we are using film help discover them through indie

1336
01:08:03.079 --> 01:08:04.480
<v Speaker 4>film hustles, So thank you to that.

1337
01:08:04.880 --> 01:08:07.280
<v Speaker 2>Yeah. Yeah, there are some good they're doing some good

1338
01:08:07.280 --> 01:08:09.920
<v Speaker 2>work over there. Trying trying, everyone's trying. Anyone's trying to

1339
01:08:09.960 --> 01:08:12.400
<v Speaker 2>cut every Like I said, everyone's trying to break you know,

1340
01:08:12.719 --> 01:08:14.920
<v Speaker 2>you know, break that nut. No, one can crack it.

1341
01:08:15.000 --> 01:08:17.199
<v Speaker 2>No one's cracked the nut yet on on on the

1342
01:08:17.199 --> 01:08:20.760
<v Speaker 2>Perfect Model, I think it's always shifting and moving and

1343
01:08:20.760 --> 01:08:22.680
<v Speaker 2>and but this is awesome, man. I thank you guys

1344
01:08:22.720 --> 01:08:25.479
<v Speaker 2>so much for coming on the show. I'm excited anytime

1345
01:08:25.479 --> 01:08:27.680
<v Speaker 2>I hear in new ways the filmmakers make money with

1346
01:08:27.720 --> 01:08:30.640
<v Speaker 2>their films, especially when it comes to the blockchain, I'm

1347
01:08:30.720 --> 01:08:32.479
<v Speaker 2>all about it. So thank you guys so much for

1348
01:08:32.600 --> 01:08:33.199
<v Speaker 2>coming on the show.

1349
01:08:33.199 --> 01:08:36.199
<v Speaker 3>Man. Yeah, thanks for having us. Alex, Yeah, thank you

1350
01:08:36.239 --> 01:08:36.680
<v Speaker 3>so much.

1351
01:08:37.880 --> 01:08:39.520
<v Speaker 2>I want to thank Anthony and Zach for coming on

1352
01:08:39.560 --> 01:08:43.039
<v Speaker 2>the show and dropping their NFT knowledge bombs on the

1353
01:08:43.119 --> 01:08:45.119
<v Speaker 2>drive today. Thank you so much.

1354
01:08:45.159 --> 01:08:45.520
<v Speaker 3>Guys.

1355
01:08:45.680 --> 01:08:47.319
<v Speaker 2>If you want to get links to anything we spoke

1356
01:08:47.319 --> 01:08:50.119
<v Speaker 2>about in this episode, head over to the show notes.

1357
01:08:50.119 --> 01:08:54.279
<v Speaker 2>I had Bulletproof Screenwriting dot tv forward slash for zero eight.

1358
01:08:54.800 --> 01:08:57.199
<v Speaker 2>Thank you so much for listening, guys, as always, keep

1359
01:08:57.239 --> 01:08:59.760
<v Speaker 2>on writing no matter what. I'll talk to you soon.

1360
01:09:00.239 --> 01:09:04.159
<v Speaker 1>Thanks for listening to the Bulletproof Screenwriting podcast at Bulletproof

1361
01:09:04.239 --> 01:09:05.600
<v Speaker 1>Screenwriting dot tv.