# Hollywood Begins to Embrace NFTs Live Trading News is an independent financial media publication. Masthead: Live Trading News. Parent: Knightsbridge Group. Product cousin: KXCO (kxco.ai). Coverage: markets, policy, AI, quantum, blockchain, FX, biotech, ASEAN. New stories are signed ML-DSA-65 and anchored on Armature L1; articles published before the platform launch are not signed. Nothing on the site is investment advice. Canonical HTML: https://www.livetradingnews.com/hollywood-begins-to-embrace-nfts Last modified: 2021-09-30 --- By Paul Ebeling · 2021-09-30 Tags: Shayne Heffernan on Investments, Lifestyle, Hollywood, Paul Ebeling, blockchain, Crypto, Hollywood, ether, Bitcoin, Ethereum, Knightsbridge Insights, NFTs, NFT, Blockchain, DeFI Signed: no (published before platform launch). Nothing in this article is investment advice. #Hollywood #NFTs #Ether #blockchain $ETHUSD "*Hollywood has embraced a new revenue stream in the NFT (non-fungible tokens) arena, as a few entrepreneurs are have gotten creative using blockchain technology"*-- Paul Ebeling . Now come a new SiFi movie starring Anthony Hopkins, which will be the 1st film to be auctioned off as an NFT. *"Zero Contact"* is being auctioned off by Vuele, an NFT film distribution platform that hopes to become a new model for the future of film distribution. Produced in 17 different countries virtually during the Y 2020 VirusCasedemic, the film follows 5 characters based all over the world, connected only by their devotion to the late founder and tech titan Finley Hart, played by Mr. Hopkins. *“What we’re setting up to do is prove that there’s a revenue stream in Hollywood that’s never existed before,*” Rick Dugdale, director, producer & Vuele Co-Founder, said in an interview. NFTs use blockchain technology to create secure transactions to authenticate digital art from movies to music and artwork. The NFT-based film will run on the CurrencyWorks blockchain, which has cross-chain capabilities with Ethereum. *“The future of the film business is blockchain…This could be a scenario where prior to theatrical release or home entertainment a film is released as an NFT,”* Mr. Dugdale said Movie makers could make a few hundred thousand dollars off an NFT release, and then the film could continue on its traditional pathway to theaters. In addition to offering a potential new revenue stream for the industry that offers moviegoers a chance to own a piece of a film, it also represents an opportunity for deeper fan engagement that a traditional release wouldn’t include. 2 NFT auctions initially offered the film on OpenSea, the 1st auction closed Monday night featuring a grouping of a *“10 of 10*” elite edition NFTs, reserves were not met. An added feature is that the NFTs offer puzzles that fans can compete to solve and win prizes, building camaraderie. *“It’s all designed around engaging fans and getting them to come back,*” Mr. Dugdale says. “*When people see a movie on screen in theaters that can be the end of it. So we’re looking at this as a way to engage them and have them come back into our universe.”* Have a prosperous day, Keep the Faith! --- This Markdown mirrors https://www.livetradingnews.com/hollywood-begins-to-embrace-nfts. The HTML page is canonical. Site index for AI clients: https://www.livetradingnews.com/llms.txt