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Details: ht
Against the backdrop of continuous innovation in the film and television industry, a novel film financing and revenue distribution model is emerging. This model is based on Blockchain technology and aims to reshape the relationship between audiences and the film industry.
In recent years, the rise of streaming platforms has changed the landscape of the film industry. For example, in 2021, "Squid Game" achieved remarkable profits with relatively low production costs. However, under the traditional model, ordinary viewers can only support their favorite content through subscription memberships, and cannot directly share in the commercial success of film and television works.
To solve this problem, an innovative project called "StreamFi" has emerged. This project proposes a bold idea: to tokenize box office revenue. This method allows viewers to "bet" on the popularity of a film in advance and share the profits in real-time after the movie is released.
The StreamFi project has designed three different types of tokens:
1. Create tokens: Corresponding to the film's shooting budget, providing fixed returns.
2. Box Office Revenue Sharing Token: Tied to global streaming playback revenue, distributing earnings daily.
3. Prediction Tokens: Used for investors to hedge risks or amplify return expectations.
To ensure compliance, these tokens will be governed by a specific framework that requires holders to complete KYC (Know Your Customer) procedures to mitigate potential legal risks.
The implementation process of this innovative model involves multiple steps, from script creation to final profit distribution. It not only has the potential to change the financing methods of film production but may also reshape audience engagement and profit-sharing mechanisms.
Despite the attractiveness of this concept, its implementation still faces numerous challenges. Regulatory compliance, technological realization, market acceptance, and other factors will all affect its future development. However, with the continuous advancement of Blockchain technology and the ongoing transformation of the creative industry, this model may open up new possibilities for the film industry.
In any case, this attempt to combine traditional box office revenue with emerging financial technologies showcases the limitless potential of the creative industry in the digital age. It may not only change the patterns of film production and distribution but also provide new avenues for audience participation.