Cointime

Download App
iOS & Android

Decentralizing Film Through NFTs: An Introduction to Shibuya

  • Shibuya, an NFT platform co-founded by artist Emily “pplpleasr” Yang, raised $6.9 million in seed funding from Andreessen Horowitz and Variant Fund.
  • The platform will expand its team and work to onboard creators to launch additional original video series.
  • Shibuya uses Ethereum NFTs to fund and shape films with the goal of being the “A24 of Web3”.
  • Pplpleasr believes that a decentralized video platform like Shibuya is essential for creatives to break from the traditional Hollywood machine.

With the rise of decentralized technology, a new era of creative collaboration has come to life. This is especially true in the film industry. That’s why Emily “pplpleasr” Yang co-founded Shibuya, a decentralized video platform and NFT marketplace for filmmakers. Recently, Shibuya raised $6.9 million in seed funding from Andreessen Horowitz and Variant Fund

Emily Yang’s Shibuya platform is changing the way we think about digital art, demonstrating serious faith in emerging technology and digital art movements. Through Shibuya, Yang hopes to bring mainstream attention to NFTs — giving creatives a new way to monetize their creations. With its powerful backers and state-of-the-art design, Shibuya is poised to revolutionize the digital art industry.

Expansion of Team and Onboarding of Creators

Shibuya is working hard to expand their team and onboard additional creators for their original video series. They have already signed with several major filmmakers such as Adam Denton (The Exorcist), Tyler Oakes (Get Out), and David Lowery (A Ghost Story). These filmmakers will be helping to create original video content on the platform which will be distributed via Ethereum NFTs.

Ethereum NFTs for Film Funding

Part of Shibuya’s goal is to become the “A24 of Web3” by using Ethereum NFTs to fund and shape films. This means that they are looking to use blockchain technology as a way to disrupt traditional Hollywood funding models by creating a more transparent system where creators can receive direct compensation from fans for their work. They plan on achieving this through the use of smart contracts which are programmed into an Ethereum Network so that payments are sent directly from fan to filmmaker with no middlemen involved.

Breaking from the Traditional Hollywood Machine

According to Emily “pplpleasr” Yang, decentralized video platforms such as Shibuya are essential for creatives who want to break away from the traditional Hollywood machine in order to gain control over their own work and its distribution. Furthermore, there are many advantages that come with a decentralized system such as increased transparency, reduced costs, and higher profit margins due to lower fees associated with transactions.

Shibuya is making great strides towards decentralizing film through Ethereum NFTs and breaking away from the traditional Hollywood machine. It will be interesting to see how they continue developing their platform in order to provide more opportunities for filmmakers while allowing fans greater access and control over content creation. By doing this, we believe that we can achieve greater fairness within our creative ecosystems while giving creatives more freedom over their artistry than ever before!

Comments

All Comments

There are no comments yet, why not be the first?

Recommended for you

  • US media: DOGE plans to use AI to remove 50% of regulations before Trump's first anniversary in office

    according to The Washington Post and four government officials, the US Department of Government Efficiency (DOGE) is using a new artificial intelligence tool aimed at significantly reducing federal regulations, with the goal of canceling half of the regulatory requirements before Trump's one-year anniversary in office. The tool, called "DOGE AI Deregulation Decision Tool," is planned to analyze approximately 200,000 federal regulations to determine which ones can be repealed. According to a presentation on July 1st, the tool is expected to cut about 100,000 regulatory items. The report also notes that the tool will save the US tens of trillions of dollars by reducing compliance requirements, cutting the federal budget, and releasing "external investments." According to the report, the tool has successfully removed over 1,000 "regulatory provisions" from the Department of Housing and Urban Development in less than two weeks, and completed "100% deregulation work" at the Consumer Financial Protection Bureau. 

  • BTC breaks through $118,000

     the market shows BTC breaking through $118,000, currently trading at $118,010.99, with a 24-hour increase of 1.47%. The market is volatile, please exercise caution.

  • Data: $237 million in liquidation across the network in the past 24 hours

     according to Coinglass data, a total of 237 million US dollars were liquidated on the entire network in the past 24 hours, with long positions liquidated at 107 million US dollars and short positions liquidated at 130 million US dollars. Among them, long positions in Bitcoin were liquidated at 12.7709 million US dollars, short positions in Bitcoin were liquidated at 26.5366 million US dollars, long positions in Ethereum were liquidated at 32.4597 million US dollars, and short positions in Ethereum were liquidated at 41.3286 million US dollars.

  • Cointime精选 ·

    Are we finally ready for a gas limit increase?

    There has been growing discussion around the possibility of increasing Ethereum’s gas throughput, either by raising the gas limit or reducing slot time. The key argument in favor of this is that the hardware requirements for running a validator have steadily decreased over the past four years.

  • Cointime August 17th News Express

    1.VanEck and 21Shares Solana ETF Form 19b-4 Suspected to be Removed from CBOE Website

  • Ethereum network gas fee falls back below 1 gwei

    According to Etherscan data, the current Ethereum network gas fee has fallen below 1 gwei, currently at 0.937 gwei.

  • Coindesk ·

    Careers in Crypto: 5 Insights for 2024

    In an overwhelming job market, leaning into personal networks and connections are more important than ever. Emily Landon, CEO of The Crypto Recruiters, outlines what is happening in the crypto job market and how you can position yourself or your company in 2024.

  • Cointime August 10th News Express

    1. The U.S. Internal Revenue Service has released a new draft of the crypto tax form, which no longer requires filling in wallet addresses and transaction IDs

  • Ethereum ACDC #139: Pectra's Devnet 2 upgrade is under debugging, and the release date of Devnet 3 is still to be determined

    Christine Kim, Vice President of Galaxy Research, summarized the main content of the 139th ACDC conference call. The debugging of Pectra's upgraded Devnet 2 is currently underway, and the release date of Devnet 3 is yet to be determined. Developers will hold weekly testing update meetings starting from Monday to better coordinate the release of Pectra's Devnet. The decision to include EIP-7688 in Pectra's upgrade has been postponed again.

  • Ethereum network gas fee drops to 1 gwei

    According to Ether­scan data, the current gas fee on the Ethereum network has dropped to 1 gwei.