Director Jim Cummings to auction his Thunder Road script as NFT

Director Jim Cummings is quite multitasking, having written, directed, edited, and starred in his first feature film, Thunder Road. Now add “NFT creator” to that list.

He is auctioning his personal copy of the script for Thunder Road as a non-expendable token (NFT) on OpenSea, complete with stains, coffee stains and scribbled notes.

“I just thought, I haven’t seen anyone do it in the movie space yet,” he said. decipher. “I have this thing in my apartment that is amazing; looking at it, it’s got all these handwritten notes like, my stupid half ideas that ended up in the movie. I was like, ‘Oh, this may be a good thing. all the time at Sotheby’s. Why don’t I try to share it at auction and then help me finance some of our movies, or some of my friends’ movies? ‘”.

FilmNFTs is hosting my Thunder Road Annotated Script Auction. goal is to help finance new films, and the owner will receive a hard copy in addition to this digital exclusive. #nft on a Hello Kitty stick. ? https://t.co/O39e3siybO

– Jim Cummings (@jimmycthatsme) September 2, 2021

He’s also taking a sheet from Damien Hirst’s book; the NFT buyer will have the option of destroying the physical script if they so desire. “I was like, ‘Well, if someone is really adamant about having exclusivity on the original copy, they’d be happy to destroy or burn it,'” he said, comparing the process to Banksy’s Self-Destructive Artwork.

“I think it’s a bit like it should be, we should consider these things not necessarily permanent, but exclusive.”

Financing movies with crypto

As someone who is well versed in the hustle and bustle of movie financing, and someone who has been investing in cryptocurrencies for “the last year and a half,” Cummings is intrigued by the possibilities cryptocurrencies offer for movie financing.

Thunder Road was partly funded Kickstarter, while some of the funding for its latest film, Beta Test, was raised through a crowd equity campaign – similar to crowdfunding, except that taxpayers get a share of the earnings, instead of a DVD and a T-shirt.

Cryptocurrencies, he suggests, could help simplify this process. “Having had this success, I can only imagine green-lighting a movie or taking the cryptocurrency / blockchain investor group to a movie and then making it happen immediately. This type of investment is child’s play and much less complicated than that. Plan to spend three years trying to obtain financing in the most classic and conventional way.

Filmmakers are already experimenting with cryptocurrency financing, he added. I know people who are doing this; like, I know the new Macon Blair movie is a movie that was funded through Bitcoin. He went out of his way to make sure that was how it was financed.

Cummings is, however, somewhat skeptical about using blockchain and NFT for film distribution. While excited about the possibility of automatic waste from NFT sales, he eventually argued that a movie’s’ blockchain rights’ are ‘just a different aspect of the license – the blockchain is its form of it. way than cinema. Compared to transmission «.

He added that he is “sure that the great powers will try to screw up independent directors and independent creators and, you know, they will put it in standard contracts, so that they own everything.”

DAO film studio

More intriguing is the idea of ​​creating a decentralized autonomous organization (DAO) to produce movies, something Cummings describes as “obviously the future.”

DAOs have already been used to create everything from fashion brands to perfume houses; so why not use one to create a decentralized movie studio? “It’s basically a hedge fund that you can manage and then turn it into a group decision maker. I don’t think there is anything strange about that; it’s basically what a company already does. ‘

Furthermore, he added, the structure of a DAO is similar to the collaborative process that filmmakers are already used to. “When we’re making movies, we send to the hive mind that talented directors are in our circle and it says, ‘Am I crazy?’ You know, David Gordon Green or Trey Shults are like, ‘Who can I send this to? Who is going to really look at this and say, this part sucks, will it do better? “I really think it’s a very normal progression to do anything these days.”

In the short term, Cummings has a full collection of material from his past movies that could be tokenized as NFT for a new generation of digital movie memorabilia collectors.

“We have mistakes and things that I would never reveal to the public and that I would be terrified of having from all of our films, like scenes that we didn’t put on. I think there is a clean future for that. , to associate with people who are collectors of films or who would benefit from them. He hopes to find collectors “interested in preserving the thing, but also benefiting from it, learning from what he can tell them.”

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