Films So Good

Some years ago, Zach Braff raised $3.105.473 through the Kickstarter platform for his movie “Wish I Was Here” (2014). Zach Braff had in his resume two successful projects; “Garden State” (2004) and “Scrubs” (2001-2010).

Nowadays, crowdfunding has also moved into the Web3 area. Searching the web, I found many platforms supporting film crowdfunding through cryptocurrencies. I believe today’s world has so much technology and too little culture, so I find the idea of funding culture through tech very appealing.

One of the running projects is the new documentary “Sticks and Shelter” by Rachel Shenton and Chris Overton. The duo won an Oscar for their short film “The Silent Child” in 2017. Watching producers with notable work using the crypto-platforms makes me believe that the film industry will look at the crypto market seriously.

How this exactly works?

The fundraising runs for a limited period. Users can join platforms (in this case the platfom is Paus) by connecting a crypto wallet, entering a username, email, and location. Then proceeding to select a tier and initiating the transaction.

In this project there are four tiers; the first ‘Supporter’ tier costs 0.08 ETH, the second ‘Co-executive Producer’ costs 0.8 ETH, the third ‘Executive Producer’ tier goes for 16 ETH, and the fourth ‘Digital Producer’ will cost 0.4 ETH. Each tier will boast different perks, benefits and share in revenue.

Some Final Thoughts

I don’t want to discuss the possible ethical issues that come from the connection of crypto with money laundering. My main concern is whether the crypto fans are also film fans. Investing in a movie has a very different philosophy from investing in crypto or tech start-ups. Since the film crypto-funding is still in an early stage, having a more significant sample of the projects that successfully got funded will show us if this idea could work.

For more information for “Sticks and Shelter” project click here.

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