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  4. Russell Crowe’s NFT-funded movie hits the big screen
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Russell Crowe’s NFT-funded movie hits the big screen

Prizefighter, a movie starring Russell Crowe, is making its debut. The interesting part is that the biopic was partially funded by the sales of non-fungible tokens...
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Russell Crowe’s NFT-funded movie hits the big screen Russell Crowe’s NFT-funded movie hits the big screen

Prizefighter, a movie starring Russell Crowe, is making its debut. The interesting part is that the biopic was partially funded by the sales of non-fungible tokens (NFTs).

According to a report by Yahoo News, the British-American film tells the story of legendary bare-knuckle boxer Jim Belcher. It was partially funded through the help of the NFT movie funding platform Moviecoin.

In an episode of The Crypto Mile podcast, James Mackie and Matt Hookings, the film’s writer and lead actor, explained how the movie was funded. “The whole idea of Moviecoin.com is to fund movies using crypto or NFTs. So sometimes it needs to be like a creative process because you’ve got to understand how [to] raise money through NFTs or crypto,” Mackie said. He goes on to say that props from the movie, such as Russell Crowe in a boxing glove, were then converted and sold as NFTs.

Unbelievably, when we put them up on an NFT marketplace, on the first day, one of them sold for $5,000. So, we were able to convert that money, at the time, from Ethereum into a fiat currency and give that to Matt to help fund the movie.
For the time being, 18 NFTs from the Prizefighter collection are available for sale on OpenSea. Other prop items for sale include punching bags, boxing pads, original portraits, and the director’s clapper.

According to the leading NFT marketplace, each NFT represents a fraction of the total profit share from all of the film’s future proceeds.

Each Prizefighter NFT represents a 0.016% total profit share from all future proceeds of the movie. E.g. If Prizefighter makes $50 million profit, each NFT holder will receive $8,000 in profit from our smart contract.

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01-05-2024 10:45:17 (UTC+7)

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AUD/USD

0.6469

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Allianz SE VNA O.N.

266.60

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Adidas AG

226.40

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Deutsche Lufthansa AG

6.714

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Siemens AG Class N

175.90

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15.010

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 EUR/USD1.0658↑ Sell
 GBP/USD1.2475↑ Sell
 USD/JPY157.91↑ Buy
 AUD/USD0.6469Neutral
 USD/CAD1.3780↑ Buy
 EUR/JPY168.32↑ Buy
 EUR/CHF0.9808Neutral
 Gold2,295.80↑ Sell
 Silver26.677↑ Sell
 Copper4.5305↑ Buy
 Crude Oil WTI81.14↑ Sell
 Brent Oil85.62↑ Sell
 Natural Gas1.946↑ Sell
 US Coffee C213.73↑ Sell
 Euro Stoxx 504,920.55↑ Sell
 S&P 5005,035.69↑ Sell
 DAX17,921.95↑ Sell
 FTSE 1008,144.13Sell
 Hang Seng17,763.03↑ Sell
 Small Cap 20001,973.05↑ Sell
 IBEX 3510,854.40Neutral
 BASF49.155↑ Sell
 Bayer27.35↑ Sell
 Allianz266.60↑ Sell
 Adidas226.40↑ Sell
 Lufthansa6.714Neutral
 Siemens AG175.90↑ Sell
 Deutsche Bank AG15.010Neutral
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank8,300/ 8,500
(8,300/ 8,500) # 1,298
SJC 1L, 10L, 1KG8,300/ 8,520
(0/ 0) # 1,510
SJC 1c, 2c, 5c7,380/ 7,550
(0/ 0) # 540
SJC 0,5c7,380/ 7,560
(0/ 0) # 550
SJC 99,99%7,370/ 7,470
(0/ 0) # 460
SJC 99%7,196/ 7,396
(0/ 0) # 386
Cập nhật 01-05-2024 10:45:19
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$2,285.72-47.5-2.04%
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EUR26.475,3627.949,19
GBP30.873,5232.211,36
JPY156,74166,02
KRW15,9219,31
Cập nhật lúc 10:45:15 01/05/2024
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