![]() With the NFT, they keep an asset which can be resold, and he becomes part of a community as the NFT creates a unique link between the filmmaker and its audience. ![]() “When someone buys a movie on iTunes or Amazon, they are left only with a tethered video file. “We think NFTs are the future of film viewing experience,” says Philippe Diaz, Founder and Chairman of Cinema Libre Studio explains. When an NFT is resold, both the current owner and the original rightsholder will receive a part of the sale.Īdditionally, this technology allows the buyer to view the films in HD, 4K, or higher formats without buffering issues. The platform uses the Solana Blockchain technology, making it the first completely decentralized platform: anyone can verify the owner of the NFT. Unlike with tethered video-on-demand, the NFT allows consumers to own the film as an asset that can be re-sold at any time. The remainder of the company’s 100+ film catalog will become available in subsequent weeks. This will be followed by another documentary “Guantanamo Diary revisited” and a narrative feature, “From Iceland to Eden,” an Icelandic drug crime caper. The companies will be launching the first three movies this week during the Cannes Film Festival/ Marché du Film.Ĭinema Libre Studio will initially roll out an environmental documentary feature “Phosfate” at Movieplex.io. ![]() Cinema Libre Studio has partnered with Movieplex to launch the first NFT feature film viewing experience powered by blockchain technology. ![]()
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