WEBVTT 1 00:00:03.919 --> 00:00:07.000 You are listening to the IFAH podcast Network. For more 2 00:00:07.080 --> 00:00:12.720 amazing filmmaking and screenwriting podcasts, just go to ifahpodcastnetwork dot com. 3 00:00:12.839 --> 00:00:16.800 Welcome to the Bulletproof Screenwriting Podcast, Episode number three eighty three. 4 00:00:17.039 --> 00:00:22.600 NFTs are birth certificates for offspring of creators Dana. 5 00:00:22.239 --> 00:00:26.600 Scarburg broadcasting from a dark, windowless room in Hollywood when 6 00:00:26.640 --> 00:00:29.079 we really should be working on that next draft. It's 7 00:00:29.120 --> 00:00:33.320 the Bulletproof Screenwriting Podcast, showing you the craft and business 8 00:00:33.359 --> 00:00:36.840 of screenwriting while teaching you how to make your screenplay bulletproof. 9 00:00:37.159 --> 00:00:39.399 And here's your host, Alex Ferrari. 10 00:00:41.320 --> 00:00:44.280 Welcome, Welcome to another episode of the Bulletproof Screenwriting Podcast. 11 00:00:44.320 --> 00:00:47.640 I am your humble host Alex Ferrari. Now, today's show 12 00:00:47.679 --> 00:00:52.679 is sponsored by Bulletproof Script Coverage. Now. Unlike other script 13 00:00:52.719 --> 00:00:57.520 coverage services, Bulletproof Script Coverage actually focuses on the kind 14 00:00:57.640 --> 00:01:00.000 of project you are in the goals of the project 15 00:01:00.280 --> 00:01:02.479 you are, so we actually break it down by three 16 00:01:02.520 --> 00:01:06.560 categories micro budget, indie film, market, and studio film. There's 17 00:01:06.599 --> 00:01:08.799 no reason to get coverage from a reader that's used 18 00:01:08.799 --> 00:01:11.200 to reading tempole movies when your movie is going to 19 00:01:11.239 --> 00:01:13.879 be done for one hundred thousand dollars, and we wanted 20 00:01:13.920 --> 00:01:17.040 to focus on that. At Bulletproof Script Coverage, our readers 21 00:01:17.040 --> 00:01:22.000 have worked with Marvel Studios, CIA, WME, NBC, HBO, Disney, 22 00:01:22.439 --> 00:01:25.840 Scott Free, Warner Brothers, The Blacklist, and many many more. 23 00:01:25.920 --> 00:01:29.359 So if you need your screenplay or TV script covered 24 00:01:29.599 --> 00:01:35.920 by professional readers, head on over to covermiscreenplay dot Com. Well, guys, 25 00:01:36.000 --> 00:01:39.599 today on the show, we have a very unique filmmaker, 26 00:01:40.079 --> 00:01:43.840 someone who is able to do almost the impossible. He 27 00:01:43.879 --> 00:01:47.560 has been able to raise two million dollars or actually 28 00:01:47.640 --> 00:01:51.879 over two million dollars using NFTs for a brand new 29 00:01:52.480 --> 00:01:57.719 IP or intellectual property. His name is Errol Avelino, and 30 00:01:58.000 --> 00:01:59.719 Ero reached out to me to tell me his story 31 00:01:59.760 --> 00:02:03.799 about how he was able to raise this money using NFTs. 32 00:02:03.840 --> 00:02:07.040 And if you're not familiar with NFTs, please check out 33 00:02:07.359 --> 00:02:10.919 episode four seventy one where I go into a deep 34 00:02:11.080 --> 00:02:15.240 dive into what NFTs are and bitcoin and blockchain and 35 00:02:15.280 --> 00:02:19.080 the whole technology and how independent filmakers can make money 36 00:02:19.080 --> 00:02:21.280 with it. And when I heard Eryl's story, I said, 37 00:02:21.319 --> 00:02:24.080 I have to get these guys on the show. I 38 00:02:24.120 --> 00:02:26.639 gotta let the tribe know how he did it. And 39 00:02:27.199 --> 00:02:29.680 what he did is pretty ingenious and a lot of 40 00:02:29.680 --> 00:02:32.159 the things that he was able to do for his 41 00:02:32.360 --> 00:02:37.000 new IP, we can translate that for independent filmmakers, and 42 00:02:37.039 --> 00:02:42.599 he wants to bring more independent filmmakers into his blockchain, 43 00:02:42.599 --> 00:02:45.439 into the blockchain that he has been working on. And 44 00:02:45.719 --> 00:02:48.599 if just all sounds a little Greek to you, just 45 00:02:49.360 --> 00:02:51.639 hang out for a little bit longer. Take a listen. 46 00:02:51.680 --> 00:02:54.240 We're gonna explain everything in our conversation, so let's without 47 00:02:54.240 --> 00:02:57.319 any further ado, let's jump into it. Please enjoy my 48 00:02:57.400 --> 00:03:02.240 conversation with Errol Avelino. I'd like to welcome to the show, 49 00:03:02.360 --> 00:03:03.000 Eryl Evelina. 50 00:03:03.039 --> 00:03:05.719 How you doing, Eryl, I'm doing good. How you doing, Alex? 51 00:03:05.800 --> 00:03:07.240 I'm doing good. Brother, I'm doing good. 52 00:03:07.240 --> 00:03:07.400 Man. 53 00:03:07.439 --> 00:03:10.080 Thanks for reaching out, because I think it's gonna be 54 00:03:10.120 --> 00:03:14.879 a really interesting conversation. I've had other conversations about NFTs 55 00:03:14.960 --> 00:03:17.039 on the show before, and kind of we're like one 56 00:03:17.080 --> 00:03:20.240 of the first shows to even discuss NFTs as a 57 00:03:20.280 --> 00:03:23.319 way to generate revenue self collectibles things like that. But 58 00:03:23.400 --> 00:03:27.520 you have a very unique way of approaching NFTs and 59 00:03:27.560 --> 00:03:29.719 we're going to get into that in a second. But 60 00:03:31.120 --> 00:03:33.960 before we started talking, or before we started recording, you 61 00:03:34.000 --> 00:03:35.919 told me that you've been in the indie film world. 62 00:03:35.919 --> 00:03:37.919 You come from the indie film world. So tell me 63 00:03:37.960 --> 00:03:40.319 how you got involved in the indie film world. And 64 00:03:40.520 --> 00:03:42.520 whin gott screen earth did you were you in? 65 00:03:42.560 --> 00:03:49.280 The so good question. So when I got out of 66 00:03:49.319 --> 00:03:53.159 high school, like literally from high school, I knew I 67 00:03:53.159 --> 00:03:55.680 wanted to be an indie filmmaker, Like that was the 68 00:03:55.800 --> 00:03:58.919 dream case. I had a teacher who was a major 69 00:03:59.000 --> 00:04:02.680 film buff and and just you know, talk with that 70 00:04:02.719 --> 00:04:05.759 guy about movies just suddenly gave me this like massive 71 00:04:05.759 --> 00:04:10.319 appreciation for the art form storytelling. All of that really 72 00:04:10.319 --> 00:04:15.199 interesting to me, especially visual storytelling. So I'm waiting. I 73 00:04:15.199 --> 00:04:16.800 didn't know what the path I said I wanted to 74 00:04:16.800 --> 00:04:18.519 be a filmmaker. I didn't even know that there was 75 00:04:18.639 --> 00:04:22.800 like a different classification filmmaker called an indie filmmaker. I 76 00:04:22.839 --> 00:04:26.000 only learned that trying to just find out what the 77 00:04:26.000 --> 00:04:29.279 path was at all. Right, and it's a very clear path, right, 78 00:04:29.360 --> 00:04:31.360 you know, you have you know, you go to school 79 00:04:31.480 --> 00:04:34.680 for four years and you do the you know, uh, 80 00:04:34.959 --> 00:04:38.600 work on on on set for for free, for free 81 00:04:38.639 --> 00:04:39.040 or nothing. 82 00:04:39.959 --> 00:04:40.079 Right. 83 00:04:40.160 --> 00:04:43.720 Yeah, So basically I found out that there is no path, 84 00:04:43.920 --> 00:04:46.199 and I went to community college for a little bit 85 00:04:46.319 --> 00:04:50.079 dropped out of that. Then I just started finding sets 86 00:04:50.160 --> 00:04:54.240 to be on I I played that game for like 87 00:04:54.399 --> 00:04:57.560 four years, met a lot of great people, and then 88 00:04:57.720 --> 00:05:01.079 I started a podcast where I was still looking for, Hey, 89 00:05:01.240 --> 00:05:04.040 how did people even make a living doing this? Because 90 00:05:04.079 --> 00:05:09.120 it feels like it feels like everybody was just inventing it. 91 00:05:09.160 --> 00:05:10.560 Like I would talk to people on sets and I 92 00:05:10.680 --> 00:05:13.519 was like, everyone kind of just invented how they, you know, 93 00:05:13.680 --> 00:05:19.279 made this sustainable. So talking to enough people, I know 94 00:05:19.399 --> 00:05:22.160 started interviewing people who are in just different cities and 95 00:05:22.160 --> 00:05:24.600 stuff like that give them excuse to talk to me. 96 00:05:25.800 --> 00:05:28.480 And after talking with enough people, I just started to 97 00:05:28.519 --> 00:05:33.360 realize that the path is essentially just go do enough things, 98 00:05:33.480 --> 00:05:37.360 continue to offer yourself up to enough people, and you'll 99 00:05:37.399 --> 00:05:41.439 you'll start to develop what starts to look like a career, 100 00:05:41.480 --> 00:05:43.560 but it's always going to kind of be this like 101 00:05:43.800 --> 00:05:48.000 freelance lifestyle. And so that kind of actually started me 102 00:05:48.040 --> 00:05:50.399 on a journey in business, which ultimately kind of led 103 00:05:50.439 --> 00:05:52.000 me to where I'm at right now. But we can 104 00:05:52.120 --> 00:05:53.680 kind of break the story up a little bit too. 105 00:05:53.839 --> 00:05:57.720 Yeah, absolutely so. And then you you said you were 106 00:05:57.959 --> 00:05:59.800 you've been following in the film also for a while 107 00:05:59.839 --> 00:06:02.759 and yeah back in the older this oh. 108 00:06:02.519 --> 00:06:06.800 Thank you, yeah man, because I I to me, the 109 00:06:06.839 --> 00:06:12.360 most interesting part about filmmaking like that has just like 110 00:06:12.439 --> 00:06:15.279 even now, even though I'm not making films right now, 111 00:06:16.800 --> 00:06:20.759 you know, not to say that I've stopped right still 112 00:06:20.839 --> 00:06:21.639 talk about scripts. 113 00:06:22.120 --> 00:06:23.399 If you can't get rid if you can't get rid 114 00:06:23.439 --> 00:06:25.319 of it, bro, that's like it's an illness. 115 00:06:25.319 --> 00:06:27.519 It's a beautiful and even what I'm doing right now 116 00:06:27.759 --> 00:06:30.759 has major crossover, which I've had to explain to a 117 00:06:30.759 --> 00:06:33.240 couple of people, like, yeah, why are you why are 118 00:06:33.279 --> 00:06:35.879 you doing you know, the game stuff, Like, you know, 119 00:06:36.040 --> 00:06:37.800 is is that really going to be like You're gonna 120 00:06:37.839 --> 00:06:40.199 be in this for like two three years at minimum 121 00:06:40.240 --> 00:06:42.120 on this game? You know? Are you? Are you surely 122 00:06:42.160 --> 00:06:44.560 going to be able to go that long perhaps without 123 00:06:44.560 --> 00:06:46.120 making a movie. I'm like, hey, i might still make 124 00:06:46.120 --> 00:06:48.319 a movie in there, But at the same time, it's 125 00:06:48.319 --> 00:06:50.279 not going to be like, you know, somebody else is 126 00:06:50.279 --> 00:06:52.079 gonna have to go make that movie. I'm going to 127 00:06:52.160 --> 00:06:54.920 just help that person out with that movie, help with 128 00:06:55.000 --> 00:06:59.040 script whatever. But anyway, so punk being is is Yeah, 129 00:06:59.040 --> 00:07:01.079 I followed your work followed a lot of the guys 130 00:07:01.120 --> 00:07:04.079 who have been in the indie space, just trying to 131 00:07:04.120 --> 00:07:07.079 speak to people who are up and coming, just because 132 00:07:08.040 --> 00:07:10.600 the thing that was most interesting to me about indie 133 00:07:10.600 --> 00:07:13.639 filmmaking is it was an art form that had to 134 00:07:13.800 --> 00:07:18.199 in some way be a business because it requires collaboration, 135 00:07:18.480 --> 00:07:22.439 perhaps more than most other art forms, you know, save 136 00:07:22.560 --> 00:07:24.040 a few others that are kind of like in the 137 00:07:24.120 --> 00:07:27.879 media space, this is one of the like art forms 138 00:07:27.879 --> 00:07:31.959 that requires the most collaboration. So you have to have 139 00:07:32.000 --> 00:07:34.600 it be a business otherwise, you know, you can't, you 140 00:07:34.639 --> 00:07:36.120 can't do it. You know, you think about how many 141 00:07:36.120 --> 00:07:39.759 times a painter punches out at painting. It's so many times. 142 00:07:40.240 --> 00:07:42.959 But a director, how many movies does he punch out? 143 00:07:43.040 --> 00:07:43.240 Right? 144 00:07:43.360 --> 00:07:44.920 So exactly at. 145 00:07:44.800 --> 00:07:46.759 The best case scenario, at the highest end, you got 146 00:07:46.839 --> 00:07:49.519 Ridley Scott who puts busts out one every three months, 147 00:07:50.480 --> 00:07:53.439 especially nowadays. And then you've got and then you've got 148 00:07:53.480 --> 00:07:55.959 Kubrick and Malik, who you know, bust it out like 149 00:07:56.040 --> 00:07:59.720 spit nine or ten in their entire life. Yeah, right, 150 00:08:00.600 --> 00:08:03.240 it's it's I always say that to people, like as 151 00:08:03.279 --> 00:08:06.439 an artist, you as a director, you very rarely get 152 00:08:06.439 --> 00:08:09.439 to do your art. It's it dicks years. Most of 153 00:08:09.480 --> 00:08:12.680 your career is getting revved up to do your art 154 00:08:12.680 --> 00:08:16.480 as opposed to a paiter or a musician or a writer. Uh, 155 00:08:16.480 --> 00:08:21.319 it's it's a pretty brutal excess, but we love it. 156 00:08:21.360 --> 00:08:22.160 But we love it. 157 00:08:22.879 --> 00:08:25.240 That's the craziness. Definitely takes a different type of person, 158 00:08:25.319 --> 00:08:27.600 for sure, And I think that that's kind of what 159 00:08:27.639 --> 00:08:31.360 geared me up into wanting to do anything else that 160 00:08:31.560 --> 00:08:33.879 felt like that, Like, I couldn't. I don't think I 161 00:08:33.879 --> 00:08:37.200 could ever go to even even though business has always 162 00:08:37.759 --> 00:08:41.399 interested me, especially need to get into it with filmmaking, 163 00:08:41.679 --> 00:08:44.039 I don't think I could do a business that was 164 00:08:44.200 --> 00:08:47.840 just you know, trying to sell widgets. You know. Oh, 165 00:08:47.879 --> 00:08:51.080 we're you know, trying to do some type of other 166 00:08:51.200 --> 00:08:54.080 service other than you know, creating things for people. 167 00:08:54.799 --> 00:08:57.639 Yeah, I know, I completely understand. Now we're going to 168 00:08:57.679 --> 00:09:01.080 talk about NFTs. Can you tell people listening what are 169 00:09:01.200 --> 00:09:02.840 NFT is if they don't know what they are already? 170 00:09:03.000 --> 00:09:06.840 Yeah. So I've always had this struggle with the word NFT, 171 00:09:07.240 --> 00:09:10.399 like just the term because there's very few things that 172 00:09:10.440 --> 00:09:15.000 we refer to by such a technical term, but literally NFT, 173 00:09:15.279 --> 00:09:19.639 all it means is non fungible token, And it's very 174 00:09:19.679 --> 00:09:23.840 technical because all those words existed before. The term non 175 00:09:23.919 --> 00:09:28.799 fungible existed before. But we just, you know, call this 176 00:09:28.840 --> 00:09:31.519 thing a non fungible token because some developer said, you know, 177 00:09:31.559 --> 00:09:34.120 this makes the most sense to call it this, because 178 00:09:34.159 --> 00:09:37.000 that's great, right, It is a non fungible token that 179 00:09:37.200 --> 00:09:40.200 basically you've probably explained it before in other episode. Yeah, 180 00:09:40.320 --> 00:09:43.679 for anyone who's hearing us for the first time. Fungibility 181 00:09:43.759 --> 00:09:46.799 is literally just if I have a dollar, that dollar 182 00:09:47.000 --> 00:09:50.759 is always the same dollar, Like, it doesn't change in 183 00:09:50.840 --> 00:09:54.399 value from one dollar to another. You can have any 184 00:09:54.480 --> 00:09:56.639 dollar and it will always be worth the exact same. 185 00:09:58.200 --> 00:10:00.679 We'll be right back after a word from our sponsor, 186 00:10:04.320 --> 00:10:05.600 and now back to the show. 187 00:10:07.720 --> 00:10:11.000 You know, same thing with if I bought an apple, 188 00:10:11.399 --> 00:10:14.840 apples are always the same value from apple to apple. 189 00:10:15.320 --> 00:10:17.879 So long as all things being equal, that apple is 190 00:10:17.879 --> 00:10:21.120 the same no matter what. But a non fungible asset 191 00:10:21.360 --> 00:10:25.720 is essentially an asset of any type where the specific 192 00:10:25.759 --> 00:10:30.159 the specificity of that asset itself is important. So, for example, 193 00:10:30.519 --> 00:10:35.200 a a baseball card or any collector's item is considered 194 00:10:35.240 --> 00:10:39.080 a non fungible asset because you know, when that card 195 00:10:39.200 --> 00:10:43.159 was minted matters. You know what the what the card's 196 00:10:43.200 --> 00:10:47.879 overall value in the marketplace matters, So the the almost 197 00:10:47.919 --> 00:10:52.320 the serialization of it is what really matters. So you 198 00:10:52.360 --> 00:10:54.799 see this a lot with collector stuff, and it probably 199 00:10:54.799 --> 00:10:58.279 collectors are some of the most familiar with non fungible 200 00:10:58.279 --> 00:11:00.799 assets because they've literally been dealing with these, you know, 201 00:11:01.000 --> 00:11:04.159 from the get go. Shoes to one person might be 202 00:11:04.240 --> 00:11:07.200 a fungible asset, but shoes to another person might be 203 00:11:07.200 --> 00:11:10.399 a non fungible asset because you know, uh, the the 204 00:11:10.440 --> 00:11:15.399 shoe collector is looking at, well, which print was the shoe? 205 00:11:15.440 --> 00:11:18.559 Did the shoe come from? You know, what is the 206 00:11:18.799 --> 00:11:22.519 you know, basically going into the specs from every single shoe, 207 00:11:22.679 --> 00:11:26.799 not just you know this particular uh, not just this 208 00:11:26.879 --> 00:11:30.840 particular brand or even that it's a shoe, this specifically 209 00:11:31.279 --> 00:11:34.320 the manufacturing line that this thing came out of. 210 00:11:34.600 --> 00:11:37.480 So basically, an apple is an apple because an apple 211 00:11:38.159 --> 00:11:40.440 when it was manufactured still had the value of an apple, 212 00:11:40.559 --> 00:11:42.440 and and and when it was grown it was still 213 00:11:42.440 --> 00:11:45.320 hot a value an apple, whereas a baseball card, for example, 214 00:11:45.440 --> 00:11:49.440 or a or a Pokemon card for the for the 215 00:11:49.440 --> 00:11:53.600 young and is listening today, now it's that back man, 216 00:11:53.600 --> 00:11:56.919 They're they're hot now still like they're huge. Now apparently it's. 217 00:11:56.759 --> 00:11:58.080 The particular going back for me. 218 00:11:58.480 --> 00:12:03.840 Yea, So those costs, I mean, I don't even know. 219 00:12:04.080 --> 00:12:06.320 I didn't know that it's about dude. 220 00:12:06.320 --> 00:12:07.000 I'm dude. 221 00:12:07.000 --> 00:12:08.480 I was Garbage Bail Kids, man, if you want to 222 00:12:08.519 --> 00:12:14.279 go real back, I was the first series Garbage Bail Kids. Anyway, 223 00:12:14.600 --> 00:12:18.879 the but the cost of the creation of that item. 224 00:12:19.240 --> 00:12:23.000 Let's say it's five cents to print a baseball card 225 00:12:23.120 --> 00:12:26.480 for just better or words, it's five cents. That is 226 00:12:26.559 --> 00:12:32.120 the actual value and cost of creating that, uh, that asset. 227 00:12:32.440 --> 00:12:36.480 Now in the collectibles world, if it's a printed for 228 00:12:36.799 --> 00:12:40.720 if it's a printed baseball of a baseball card of 229 00:12:41.039 --> 00:12:43.279 a guy you've never heard of who batted you know, 230 00:12:43.600 --> 00:12:46.639 one hundred and fifty, it costs the same to make 231 00:12:46.720 --> 00:12:51.039 him as it did to make a Mickey Mantle rookie card. 232 00:12:51.840 --> 00:12:55.840 It's the exact same cost, but the values associated with 233 00:12:55.960 --> 00:12:59.360 that non fungibility into it, which is the collectible aspect 234 00:12:59.480 --> 00:13:01.799 of it. And that's the difference between us. So that 235 00:13:01.799 --> 00:13:05.320 brings us to NFTs. So now we've actually brought in 236 00:13:05.440 --> 00:13:10.240 baseball cards and comic book ideas into a digital space. 237 00:13:10.519 --> 00:13:14.399 So the cost to mint as they say a non 238 00:13:14.440 --> 00:13:18.840 fungible token. Argue, listay to argue, We'll say, still five cents, 239 00:13:19.240 --> 00:13:22.600 but the value of what has been minted is in 240 00:13:22.639 --> 00:13:27.440 the eye of the beholder, based on the collectible market. 241 00:13:27.759 --> 00:13:28.559 Fairware of saying that. 242 00:13:28.480 --> 00:13:30.519 Reason why the reason why I say it's bad like 243 00:13:30.559 --> 00:13:35.639 it's a bad name or a bad marketing, because n FT, 244 00:13:35.639 --> 00:13:39.080 you have to do all that explaining to simply say, hey, 245 00:13:39.320 --> 00:13:43.799 this is actually just a digital item, like this is 246 00:13:43.840 --> 00:13:47.600 a way for us to prove ownership of a digital item. 247 00:13:48.000 --> 00:13:53.600 And why that kind of matters is we've never had 248 00:13:53.720 --> 00:13:58.240 the ability for us to sell digital goods on a 249 00:13:58.279 --> 00:14:01.759 secondary market, so it was past you think about it. 250 00:14:01.840 --> 00:14:03.960 And if I buy a DVD, sorry, if I buy 251 00:14:03.960 --> 00:14:06.279 a DVD, yes, I'll go down that rabbit hole. If 252 00:14:06.279 --> 00:14:09.080 I buy a DVD, which very few people do anymore, 253 00:14:09.080 --> 00:14:12.279 we have moved mostly digital. I can sell that DVD 254 00:14:12.679 --> 00:14:15.679 to in a yard sale, I could sell it on Amazon, 255 00:14:15.759 --> 00:14:18.519 I could sell it on eBay, like I truly own 256 00:14:18.600 --> 00:14:23.320 that DVD. But if I were to buy a digital 257 00:14:23.360 --> 00:14:27.440 copy of that and now it's on my Amazon library, 258 00:14:27.720 --> 00:14:31.039 I can't sell it back to Amazon like I now 259 00:14:31.159 --> 00:14:33.679 have that stuck in my library. I couldn't sell it 260 00:14:33.720 --> 00:14:36.519 to another person. I couldn't give it to a friend, 261 00:14:37.000 --> 00:14:40.320 like it is stuck in my library and it's trapped there. 262 00:14:40.799 --> 00:14:45.320 And NFTs actually give us the way to make that 263 00:14:45.360 --> 00:14:49.120 function more like an item, so rather than it being 264 00:14:49.200 --> 00:14:53.519 about you know, essentially just you know, you let you 265 00:14:53.559 --> 00:14:56.000 have this digital thing and you got from that guy. Yeah, 266 00:14:56.200 --> 00:14:59.200 now it has to stay on that guy's website and 267 00:14:59.240 --> 00:15:01.159 you can only go to it when you go essentially 268 00:15:01.240 --> 00:15:05.600 to that guy's house. That's kind of a bad deal, right, right, 269 00:15:05.639 --> 00:15:08.120 So now we're treating these like real items that you 270 00:15:08.240 --> 00:15:11.600 really own, which is you own it. So now now 271 00:15:11.639 --> 00:15:13.519 as you own it, you can go sell it to 272 00:15:13.960 --> 00:15:15.960 you know, one of your buddies, you can sell it 273 00:15:16.000 --> 00:15:18.559 to somebody online, or you can give it to them, 274 00:15:18.879 --> 00:15:21.320 doesn't matter, it's yours. You do with it what you want. 275 00:15:21.519 --> 00:15:24.120 It's the thing is fascinating with me because when I discovered, 276 00:15:24.480 --> 00:15:26.000 you know, I had the same problem with the NFT 277 00:15:26.840 --> 00:15:29.519 name and understand it. And I'm a fairly technical and 278 00:15:29.679 --> 00:15:32.360 educated man, and I had to go really deep down 279 00:15:32.399 --> 00:15:34.399 the rabbit hole. I read probably five or ten books 280 00:15:34.399 --> 00:15:37.320 on blockchain and crypto, and I really just wanted to 281 00:15:37.320 --> 00:15:39.279 get unders. I just want to understand this new world. 282 00:15:39.840 --> 00:15:41.360 And then and if teas came out, and I just 283 00:15:41.559 --> 00:15:44.200 educated myself. I watched every movie I could, get my 284 00:15:44.240 --> 00:15:47.240 documentary on as I could, so I became, you know, 285 00:15:47.399 --> 00:15:51.840 fairly well versed in this world. And yet it didn't 286 00:15:51.879 --> 00:15:54.080 click for me until I said, oh, this is a 287 00:15:54.120 --> 00:15:55.120 digital baseball card. 288 00:15:55.480 --> 00:15:55.840 Got it? 289 00:15:55.960 --> 00:15:59.000 Now, it's a digital comic book. God, because I've been 290 00:15:59.120 --> 00:16:00.879 I was a collector for a long time, collect the 291 00:16:00.879 --> 00:16:03.159 comic books, baseball Card's garbage frail kid since I was 292 00:16:03.200 --> 00:16:05.440 a kid, all that kind of stuff. So I was like, oh, 293 00:16:05.720 --> 00:16:08.919 that's what this is. But they're they're so confusing everybody 294 00:16:08.919 --> 00:16:11.960 with this terminology in the way they're trying to explain them, Like, dude, 295 00:16:11.960 --> 00:16:14.679 it's a digital baseball card. And and the NBA is 296 00:16:14.799 --> 00:16:18.279 literally made digital Eclipse now with NFTs, and they're doing 297 00:16:18.480 --> 00:16:21.320 they're doing, Okay, they're doing and major League major League 298 00:16:21.320 --> 00:16:23.080 Baseball is starting to get into it. It's a whole 299 00:16:23.360 --> 00:16:27.039 it's a whole new world. And for people who don't 300 00:16:27.159 --> 00:16:30.440 understand why, because if they if they're if you're holding 301 00:16:30.480 --> 00:16:33.360 onto a book or a DVD, I hold on this 302 00:16:33.519 --> 00:16:35.519 like Okay, this is something I can hold on to. 303 00:16:35.679 --> 00:16:39.200 This is a product. But to mentally think about that 304 00:16:39.320 --> 00:16:44.320 book as a digital item, it's hard for certain people 305 00:16:44.399 --> 00:16:47.679 to grasp that concept because it's it's beyond their ability. 306 00:16:47.720 --> 00:16:52.279 Whereas the new generation growing up who's been playing Roadblocks, 307 00:16:52.279 --> 00:16:54.919 who has been playing all these role player games, who 308 00:16:54.960 --> 00:16:58.840 are literally paying sometimes thousands of dollars for a digital 309 00:16:58.960 --> 00:17:02.559 acts that they now own that makes them more powerful 310 00:17:02.600 --> 00:17:04.920 inside of the game. That's a digital item that there's 311 00:17:05.039 --> 00:17:07.799 So it makes sense to that generation, but not so 312 00:17:07.920 --> 00:17:10.039 much to the baby boomers, if that makes sense. 313 00:17:10.400 --> 00:17:14.119 Yeah, yeah, because they're used to dealing in digital economies already, 314 00:17:14.480 --> 00:17:18.160 and so for them, it makes for for for most 315 00:17:18.200 --> 00:17:22.519 people who are uh, you know, kind of walks into 316 00:17:22.599 --> 00:17:24.799 that digital economy, I mean, we now have a generation 317 00:17:24.880 --> 00:17:28.359 that's literally only dealt with digital economy, correct, And so 318 00:17:29.200 --> 00:17:32.279 those guys, yeah, it just comes very intuitively that this 319 00:17:32.480 --> 00:17:35.599 makes sense. But for the rest of us, what matters 320 00:17:35.640 --> 00:17:39.200 the most here is that the innovation itself. There's a 321 00:17:39.200 --> 00:17:41.559 ton of hype, there's a ton of hype, right, but 322 00:17:41.640 --> 00:17:44.960 the innovation itself that this is a digital item is 323 00:17:45.680 --> 00:17:49.319 the massive part of the innovation, not just the you know, 324 00:17:50.160 --> 00:17:51.880 you know, if we're trying to get all technical, like 325 00:17:51.920 --> 00:17:54.680 the non fungibility asked, like, if we try to talk 326 00:17:54.680 --> 00:17:57.480 about what NFTs are, I think if we keep the 327 00:17:57.599 --> 00:18:00.759 conversation on that, hey, these are digital items, it starts 328 00:18:00.759 --> 00:18:03.000 to simplify it for everyone else, and then they can 329 00:18:03.039 --> 00:18:06.519 start to understand the implifications or the implications of that. 330 00:18:07.119 --> 00:18:10.920 Because again, like I think, what made it click for 331 00:18:11.240 --> 00:18:13.079 even people who I know who have been in the 332 00:18:13.079 --> 00:18:17.640 cryptospace a long time, very educated in blockchain more than 333 00:18:17.680 --> 00:18:20.920 I am, when I told them that what I'm trying 334 00:18:20.960 --> 00:18:25.519 to make is a game that when somebody buys it online, 335 00:18:25.559 --> 00:18:28.680 Like let's say that Steam is selling it, which by 336 00:18:28.680 --> 00:18:30.480 the way, they said they won't they won't sell it, 337 00:18:30.519 --> 00:18:37.759 but we'll come to that whatever versia Steam sells this game, somebody, somebody, 338 00:18:37.799 --> 00:18:40.720 the person who buys it should also be able to 339 00:18:40.920 --> 00:18:44.079 sell it themselves. And what's even more is me, as 340 00:18:44.119 --> 00:18:47.480 the developer of that game, or any indie developer who 341 00:18:47.519 --> 00:18:50.000 makes a game, should also get a cut of every 342 00:18:50.039 --> 00:18:53.119 single sale of that of that item, that digital item, 343 00:18:53.319 --> 00:18:55.400 which is something you cannot do with a physical item. 344 00:18:55.519 --> 00:18:58.880 Correct Well, at the same time, it's now possible with 345 00:18:58.920 --> 00:19:02.759 the digital stuff, but every other rule of what's possible 346 00:19:02.759 --> 00:19:05.319 would be physical stuff. As far as being able to 347 00:19:05.319 --> 00:19:09.240 do a secondary marketplace is also now finally true a 348 00:19:09.400 --> 00:19:13.359 digital stuff, which has been a huge user experience problem 349 00:19:13.680 --> 00:19:16.920 with the digital space and also held back a lot 350 00:19:16.960 --> 00:19:19.559 of indies from being able to really take advantage of 351 00:19:20.000 --> 00:19:23.599 their community, essentially helping to market this thing. Because sometimes 352 00:19:23.640 --> 00:19:26.799 you get a movie because somebody recommended to you or 353 00:19:26.960 --> 00:19:29.440 gave it to you or sold it to you, or 354 00:19:29.680 --> 00:19:32.079 you get a game because somebody gave it to you, 355 00:19:32.160 --> 00:19:33.720 sold it to you. Blah blah blah. 356 00:19:33.759 --> 00:19:35.319 Yeah, I mean back in the day. I mean no, 357 00:19:35.359 --> 00:19:38.480 I'm dating myself. When CDs there used to be CD 358 00:19:39.960 --> 00:19:42.480 there used to be CD stores where you could just 359 00:19:42.519 --> 00:19:47.240 buy new and U CDs, and it was cutting into 360 00:19:48.359 --> 00:19:51.799 a lot of the market share of music and artists. 361 00:19:51.839 --> 00:19:56.359 And I remember Garth Brooks like sued to get to 362 00:19:56.440 --> 00:19:59.079 stop that, and the Supreme Court said, not, when you 363 00:19:59.119 --> 00:20:03.279 buy an item, we'll be right back after a word 364 00:20:03.279 --> 00:20:10.880 from our sponsor. And now back to the show. It's 365 00:20:10.960 --> 00:20:13.200 yours and you can resell it. And it's just like 366 00:20:13.240 --> 00:20:15.720 if you bought a refrigerator, you can resell a refrigerator, 367 00:20:16.039 --> 00:20:18.240 A CD or a movie is no different. But in 368 00:20:18.279 --> 00:20:21.000 the digital space, we haven't been given that option up 369 00:20:21.039 --> 00:20:23.279 into this time. Like when you buy a movie on iTunes. 370 00:20:23.559 --> 00:20:26.079 I've got movies on iTunes. I can't resell it. I 371 00:20:26.119 --> 00:20:27.960 can't sell that same movie that I bought for ten 372 00:20:28.000 --> 00:20:30.279 bucks for two bucks later if I want to in 373 00:20:30.319 --> 00:20:32.759 a garage sale or in a digital version, or in 374 00:20:32.799 --> 00:20:37.960 a metaverse garage sale or something like that, which will happen. Yeah, 375 00:20:38.000 --> 00:20:42.279 you know, imagine if there will be eventually metaverse metaverse 376 00:20:42.440 --> 00:20:45.079 to garage sales. Because there's metaverse real estate. Dude, there's 377 00:20:45.240 --> 00:20:49.079 people buying so much metaverse real estate since and that's 378 00:20:49.119 --> 00:20:51.799 another thing you can't even comprehend, Like how much did 379 00:20:51.880 --> 00:20:53.960 you just spend? I just saw this whole thing. Was 380 00:20:53.960 --> 00:20:55.680 it on I think it was in sixty minutes or 381 00:20:55.960 --> 00:20:59.960 CBS or something like that, where they're doing metaverse sale 382 00:21:00.160 --> 00:21:05.519 real estate deals and Snoop Snoop Dogg bought a big 383 00:21:05.559 --> 00:21:09.119 piece of real estate and then the value of the 384 00:21:09.200 --> 00:21:13.400 space is next to him just blew up. And then 385 00:21:13.440 --> 00:21:15.279 people bought it because why because they want to be 386 00:21:15.319 --> 00:21:17.920 neighbors with Snoop Dogg in the metaverse it was just like, 387 00:21:18.920 --> 00:21:22.519 it's hard. It's really hard to grasp because it's so 388 00:21:22.720 --> 00:21:25.880 new and so revolutionary that people can grab it. But 389 00:21:26.039 --> 00:21:28.519 we can go down the NFT and blockchain rabbit hole 390 00:21:28.559 --> 00:21:31.839 for at least another fifteen days. So the reason I 391 00:21:31.880 --> 00:21:33.880 wanted to bring you on is what you've been able 392 00:21:33.920 --> 00:21:37.079 to do with an IP. So can you tell me 393 00:21:37.119 --> 00:21:40.680 how you used NFTs to launch your new IP strange clan. 394 00:21:41.480 --> 00:21:46.440 Yeah. So one of the things that I realized real fast, 395 00:21:46.440 --> 00:21:49.720 and probably the most filmmakers realize this, is that nobody 396 00:21:49.720 --> 00:21:53.160 cares about your story because the intellectual property behind your 397 00:21:53.160 --> 00:21:56.240 story is brand freaking new, and that's why we don't 398 00:21:56.240 --> 00:22:01.519 see original ideas anymore within the film space. So we 399 00:22:01.960 --> 00:22:05.680 me and my brother both been creative guys. We we've 400 00:22:05.839 --> 00:22:08.519 had a creative career for a long time, you know, 401 00:22:09.119 --> 00:22:11.720