The NFTs, Metaverse, and blockchain have made the greatest progress in every industry in the last few years. If you go there or if you come here, it is metaverse everywhere. But there are very few people outside the community of the blockchain who have heard of the NFT concept. Although the NFT is getting recognized day by day.
The most interesting fact about NFT and Metaverse is that they can be applied in any industry, that too virtually. There are art industries selling art pieces through Metaverse and that too in millions. Well, now you are attentive to whatever I am telling you.
Sports industries like NBA are now commemorating current seasons through NFT. Gaming industries like Ubisoft are releasing their newest games enhanced with NFT. So with this, it is identical that if any industry is working in any field that requires content making non-fungible tokens will find their way through.
Well, we have discussed enough metaverse and Non-Fungible tokens in the gaming and sports sector. But the bigger question is whether can NFT find its way into movies and entertainment. NFT is the way to deliver the content and that kind of content is needed in television and the film industry.
If we talk about movies it is already happening. There is an actor in Hollywood who has already released his movie as an NFT. The name of the movie is Kilroy was here and the actor is Kevin Smith. Well if we talk about its benefits it gives access to the film and if you have the right to it you can influence the sequel of it too.
Another example of it is Director Quentin Tarantino’s newly released cult classic film Pulp Fiction. The NFT-influenced films are on an uprise nowadays. NFT not only make content for you it boosts the participation of the audience through the immense contact through all.
It is never heard before that you can influence the future of the film you are watching right now. It can influence in mainly 2 ways. The first one is your imagination on the next level and the second one is the director and the team of the movie can improve their idea of a sequel using your Point of view.
Well, there are not many films in my knowledge that can give you this type of right. These examples are just to show you how NFT and the metaverse can influence the sector of entertainment. Fans of this creative movement can not just give their participation financially but can also participate in the creative process of it.
If you know about the recent Coachella event in Australia, the performances of it were live-streamed millions of times all around the world. Well, there was a demand from the people who can not attend in person. The people would have bought the virtual tickets of it if they would have given the chance.
Merchandise, as we all know is a very big part of the film industry. The NFT can play a role in that too. Let’s take the latest Movie The Batman as an example, the movie and NFT have the tie-up for the superhero’s iconic cowl.
People can buy their favorite t-shirt and also their favorite piece of art. Buy your NFT enhanced action figures so that you can dedicate yourself to your favorite superhero. The NFT-based businesses have picked up this and serving the market of merchandise at their best.
If we take another example of MetaFactory, it allows the users to take create things called Digi-Physical goods. These items can be used within the metaverse. In these Digi-physical goods NFT thrive as interactive Avatars themselves. MetaFactory can also build the type of merchandise which can easily tie up with entertainment projects.
The built t-shirts or merchandise can be used on every metaverse, virtually. So much of the merchandise is being used through metaverse which is based on different blockchains. There are so many projects in Hollywood that are bringing media tropes to reality.
You can take the GAMA project as an example, In this particular project with the help of metaverse you can explore the GAMA Space station and launch and harness its energy of it. It can give you the immense experience of space exploration.
Conclusion:
The world of entertainment is in a transitional period and NFT is at the core of this transformation. It is good though. The holders of these NFTs can have a more interactive experience with the film they are watching. They can also predict the future of their favorite character and the director team can imply that to the sequel.
With the help of metaverse and NFT by NFT development company the fans can be in the driver’s seat of entertainment operations. This is not only limited to the metaverse and the silver screen but it is also applicable in the real-life too. After all, our film industry and entertainment sector need real-life experience.
