Hollywood is pouring hundreds of millions into Bitcoin and crypto. It seems like in the last two years, with everyone at home, Hollywood has gotten deep into cryptocurrency. There's news of financing movies with it, deep investing, the sale of NFTs to promote movies, and as movies themselves. Let's do some digging into the numbers behind what Hollywood is doing. They are staggering. So how is Hollywood using crypto? Breaking Down Hollywood’s Crypto Buys Everyone is talking about NFTs this year. We saw Kevin Smith sell his movie as an NFT, indie filmmakers sell NFTs to make their budget, and even Godzilla and King Kong emerge as NFTs to help offset the huge budget. The entertainment industry sees an opportunity in NFTs. But what do the numbers say? $1.2 billion in Transactions This is the total transaction volume for pixel-art NFT collection CryptoPunks. You might have heard their name when they signed a deal with United Talent Agency "for representation across film, TV, video games, publishing, and licensing." UTA is making a huge bet on this catalog. Read More...
Published By: NoFilmSchool - Thursday, 9 September, 2021