Ethereum developer Consensys has announced a groundbreaking partnership between Film.io, a startup revolutionizing the Hollywood studio system using crypto power, and VillageDAO, a smart contract framework and service provider for Web3 communities. This collaboration marks a significant step towards decentralizing the film industry and empowering filmmakers to take control of their projects.
Film.io, founded by Bryan Hertz, aims to create a decentralized community where filmmakers can seek funding, distribution, and support from the community to bring their projects to life. By leveraging blockchain technology, filmmakers can have more autonomy and creative freedom in the filmmaking process. Hertz envisions film projects with budgets ranging from half a million dollars to over $30 million, with the potential for more studios to join the platform in the future.
VillageDAO, originally incubated within Consensys, offers a well-managed environment for communities like Film.io compared to platforms like Discord. Dror Avieli, managing director at Consensys, highlights the importance of creating a supportive and organized community for filmmakers to thrive. The partnership will result in the creation of the Film.io Village on the VillageDAO platform, where members can participate in a “Community Expert” certification program to support and onboard new users.
The collaboration between Film.io and VillageDAO signifies a shift towards decentralized filmmaking and community-driven projects in the entertainment industry. By utilizing blockchain technology and smart contracts, filmmakers can access resources and support from a global community, bypassing traditional gatekeeping intermediaries in the Hollywood studio system.
As the film industry evolves with the rise of Web3 communities, partnerships like Film.io and VillageDAO set a new standard for collaborative and decentralized filmmaking. This initiative opens up opportunities for filmmakers to connect with audiences directly, explore innovative funding models, and foster creativity in storytelling. With the support of blockchain technology and community-driven platforms, the future of filmmaking looks promising and inclusive for creators worldwide.
