How a New Crypto-Powered Platform and Its $FILM Token Is Helping the Indie Film Industry

A recent report by The Washington Post explained how a crypto-powered platform named Decentralized Pictures is helping “a new generation of filmmakers.”

Decentralized Pictures from a non-profit called Decentralized (“DCP”) is an interesting new platform that allows users to earn and spend a native cryptoasset token named FILM.

Patrick Quinn, an aspiring screenwriter from Ireland, is using the platform to get feedback on his new project, a dark comedy set during the Irish potato famine. Quinn is also able to provide feedback to other writers and leverage the platform’s grant system to win funding for his project. 

Quinn highlighted the value of the platform as a way for those outside of Hollywood and other movie hot-beds to get help on their film projects. Advocates of Decentralized, which has involvement from the Coppola family, say their platform is a way for crypto to be used to forge a global community that circumvents Hollywood. 

Michael Musante, co-founder of DCP, said the platform was a way for users to circumvent the usual gatekeepers in filmmaking:

“We want to open this up so the process is democratized, so all these ideas can be tested and developed by new people who will now get a chance to break through.“

DCP, first launched in May, has managed to attract 2,000 users, with the goal of reaching two million in the future. 

Roman Coppola, son of Francis Ford Coppola (the director of “The Godfather”), had this to say:

“I know there’s a certain cynicism when people hear the word ‘crypto’ — how does this have value and is not just some hype-y thing?” Roman Coppola said. “But we put value on the intelligent engagement of our participants. And we think that engagement should earn them something, which will bring more intelligent participants and build a community.“

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Featured Image by 12019 from Pixabay