Opensea’s new collection includes NFT films!

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By A D

Movieplex and Cimena Libre are collaborating to bring NFT films, the Movieplex.io collection, on Opensea NFT marketplace.

What was introduced as blockchain-based digital collectibles, supplied as JPEGs, NFTs have evolved into a mirror market for nearly everything.In addition to music and goods, the film business is next on the list.
Opensea adds a new NFT film category to their catalogue as Polygon backed Movieplex and Cinema Libre Studios come together to bring a 100+ collection of film NFTs, launching on 6 January. Initially an environmental documentary feature “Phosfate”, “Guantanamo Diary Revisited” and a narrative piece “From Iceland to Eden” will be released to inaugurate the collection, soon after followed by the rest of their available range.

Movieplex.io is one of the leading platforms in blockchain technology for the Film industry. Built on the polygon blockchain, their ditrbuted storage protocols facilitate NFTs of full length HD films on their website. Combined with Cinema Libre Studio’s 13 years of experience in the documentary movie industry, this roll out holds the potential to spark film-streaming business models in Web3.

movieplex.io is a streaming platform that uses blockchain to bring NFT films to creators and consumers
Movieplex, web3 streaming platform, is built on the scaling protocol Polygon for Ethereum. Photo credits: nftnewspro

NFTs, or Non-Fungible Tokens, are unique digital tokens that use cryptography to link to digital(sometimes physical) content to bring a proof of ownership legitimized through smart contracts. With over 101 million NFT trades in 2022, the NFT market generated organic trading volume of $24.7 billion in 2022 on blockchain platforms and exchanges. Opensea emerged as the top-most marketplace registering a record month with %5 billion in trading volume.

In 2022, Warner Bros became the first major company to introduce the concept of NFT films with the release of a Lord of the Rings: Fellowship of the Ring NFT bundle as part of the WB Movieverse. This web3 movie experience was brought to users with the studio’s partnership with content blockcain pioneer Eluvio. It was a delightful fan experience, complete with participation and trading options in a happening live media. The collection was available in the Mystery edition and the Epic edition, priced at $30 and $100 respectively.

The LOTR NFT waas the first NFT film venture by a major studio
LOTR NFT was released in October, 2022.
Photo credits: beyondgames.biz

In 2022, Warner Bros became the first major company to introduce the concept of NFT films with the release of a Lord of the Rings: Fellowship of the Ring NFT bundle as part of the WB Movieverse. This web3 movie experience was brought to users with the studio’s partnership with content blockcain pioneer Eluvio. It was a delightful fan experience, complete with participation and trading options in a happening live media. The collection was available in the Mystery edition and the Epic edition, priced at $30 and $100 respectively.

Web3 has reated a new avenue for the film industry as filmmakers, directors and screenwriters are turning toward a new way of making movies and TV series, especially to cut production costs. The prospective shift not only promises an advanced and immersive experience for consumers, but also creates an accesible platform for creators and even an interactive community for fan engagements. Infact, the Cannes film festival in 2022 had terms like “metaverse” “web3” “NFT” floating around, hinting that the film industry is thinking about how web3 integrations and filmmaking innovations.

When someone buys a movie on iTunes or Amazon, they only receive a tethered video file. With the NFT, collectors keep an asset which can be resold, while also becoming a part of a community. NFTs create a unique link between the filmmaker and their audience, allowing the buyer to receive subsequent elements that are also part of film distributions – like deleted scenes, interviews with the actors or the director, reviews from festivals, and more

Philippe Diaz, the founder and chairman of Cinema Libre Studios

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