The filmmakers behind the indie movie ‘Bottle Shock’ are taking a bold step into the world of NFTs (non-fungible tokens), leveraging fractional ownership through a platform called Funded. Directed by Randal Miller and Jody Savin, ‘Bottle Shock’ gained fame for its talented cast, including Chris Pine, Alan Rickman, and Bill Pullman. Now, the directors are testing the waters of fractional ownership NFTs with an animated, hand-drawn musical version of the film.
The concept of fractional ownership NFTs is an interesting one. It allows multiple investors to own a fraction of a digital asset, such as a piece of artwork, collectible, or in this case, a film. The original storyline of ‘Bottle Shock’ will be integrated into the animated version, with the voices of the original cast making an appearance.
In a press release, Jody Savin expressed their goal of making this fractional ownership experiment more accessible. With a target of $1.5 million (924 ETH), 50% of the proceeds from the NFT sales will go towards actor residuals and animation expenses. The remaining 50% will be distributed to crowdfunding participants and investors.
Contributors to the project receive NFTs representing their ownership rights in the film. These NFTs are tradable, meaning investors can buy, sell, and trade their shares in the film. Profit payments will be made based on snapshots, ensuring that investors receive their fair share.
To attract investors, the project offers five different NFT tiers with various rewards. These rewards include early access to movie clips, executive producer credits, mentions in the end credits, and World Premiere tickets, among others. Currently, the project has only raised $93.46 (0.054 ETH), but there are still 17 days left to reach the ambitious goal of 924 ETH.
The progress of ‘Bottle Shock’ is being closely watched by NFT and movie enthusiasts alike, as it represents a breakthrough in the future of film investments. If successful, this revamped indie movie could pave the way for independent filmmakers to achieve financial success through innovative funding methods like fractional ownership NFTs.
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The foray of ‘Bottle Shock’ into the world of fractional ownership NFTs marks a significant milestone in the film industry. By leveraging blockchain technology and NFTs, filmmakers have the opportunity to explore new avenues for financing and engaging with their audience. It will be exciting to see how this experiment unfolds and whether it sets a precedent for future independent movie projects.
