March 27, 2024
Hollywood Meets Web3: Film3 Summit Brings Blockchain to the Entertainment Industry
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Hollywood Meets Web3: Film3 Summit Brings Blockchain to the Entertainment Industry

This weekend’s second annual Film3 Summit in Los Angeles will put a new emphasis on Film3, a group of filmmakers and entertainment industry executives looking to use blockchain technology.

The “The Squad”-produced event, which runs from October 27 to October 29 at the Famecast headquarters in Santa Monica, is put on by a core group of Film3 lovers. The Squad promotes the use of decentralized tools to provide a framework for cinema creation and distribution that is more egalitarian, approachable, and commercially feasible.

The Film3 Summit will include panels and fireside talks on a variety of subjects connected to the condition of the entertainment business today and the effort to disrupt it, such as the recently ended Hollywood writers’ strike, the continuing actors’ strike, and the significance of group action.

Rachel Winter, the Oscar-nominated producer of “Dallas Buyers Club,” Miguel Faus, the writer and director of the upcoming, NFT-funded movie “The Quiet Maid,” Laurence Fuller, and Leo Matchett, the co-founder and CEO of Decentralized Pictures, a nonprofit organization devoted to utilizing blockchain technology to revolutionize film financing, will all take part in the three-day festival’s programming.

“The Film3 Summit acts as a conduit, not only educating but bridging Web3 to Hollywood,” Bayne explained. “We are introducing new avenues for the financing, creation, marketing, and distribution of entertainment, utilizing the core concepts of Film3: creator-led communities that act as studios by owning their IP, and amplifying and delivering to audiences.”

This year’s summit will also have a sister occasion, the totally online MetaFilm3 Fest. Theta, a decentralized video streaming technology, will enable MetaFilm3, a pop-up streaming event similar to Netflix that is available to viewers anywhere.

The virtual Fest, which begins on October 27 and is scheduled to last for one week, will include several panels in addition to the world premieres of many films and the debuts of other platforms powered by blockchain. NFT passes, which will cost $30 each, will let the festival securely broadcast movies to registered spectators using on-chain technology created by Theta.

This year, The Squad and the Film3 community staged MetaCannes, a comparable virtual film festival that coincided with the renowned Cannes Film Festival.

Image: Wallpapers.com

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