Famous Spanish director: The film industry should combine with NFT and the community
Introduction of special guests
Introduction of special guests
Miguel Faus：Cryptopunks OG, writer and director from Barcelona. His short stories "The Death of Don Quixote" and "Kalatita" have won awards and screened at major film festivals around the world. Named a "Spanish talent to watch" by Variety
Guests from the Chinese Cryptopunk Community:
Noun_74：The founder of the Chinese cryptopunks community, the founder of the noun Chinese ecological community; he has incubated and coached several Chinese NFT projects to the global community.
Brother Token:Xu Chen, Founder of MetaZ, the Metaverse think tank, former co-publisher of Coindesk China, China punksOG.
88punk：Xu Chen, Founder of MetaZ, the Metaverse think tank, former co-publisher of Coindesk China, China punksOG.
Punk9277：Founder of Kaito, ex-Citadel trader, NFT enthusiast
secondary titleNFT old fritters, also called Lazha, has served as an operator and consultant for multiple projects, and is a blue-chip holder who can be called by name
Moderator moonlight:Bilingual host of East American Chinese descent, outstanding builder of Binance live and HUOBI live, host of Ultiverse, the head channel of Binance Live, planning and participating in thousands of programs and activities
Moderator moonlight:
Moderator moonlight:I would like to ask why our director Miguel and PUNK9277 wanted to buy cypherpunk in the first place, and how do you see the future of cypherpunk?
Miguel：Moderator moonlight:
Moderator moonlight:Thank you guest Miguel. Next, hand over the microphone to PUNK9277. May I ask why you bought cypherpunk in the first place, and how do you see the future of NFT and cypherpunk? Thanks.
PUNK9277：Moderator moonlight:
Moderator moonlight:So much love, thanks again for sharing. Next, let Miguel introduce his NFT film entrepreneurial journey.
Miguel：Moderator moonlight:
Moderator moonlight:Mr. Chen Xu, the guest from the Chinese cryptopunk community, and Brother Token, the next question is for the two of you. Could you please talk about the relationship between the film and the traditional industry. First of all, I would like to invite Teacher Chen Xu to have a chat.
Chen Xu: The combination of movies and NFTs is actually quite interesting. The most important thing is that when we used to create cultural products such as movies, we actually regarded it as a complete IP. We all know that the company in the world that makes the most money from movies is Disney, the Disney company, In fact, it is not so much to make money in the movie itself, although some movies have a very high box office. But more importantly, make money through its derivatives. So in fact, as a complete IP, a movie will have a very long investment cycle and a very slow payback cycle, and then the capital use efficiency is extremely low and the uncertainty is extremely high. And there is a lack of a variety of sales SKUs. So in this case, in fact, movies are not a business model that is very flexible in modern times and is very suitable for the Internet.
How to make this IP form more flexible, so that it can be sold with a variety of SKUs, and at the same time make its relationship with the audience or his fans more long-term, not just after the movie premieres Within a week, a judgment was formed. At the same time, it can greatly shorten the time for its return on investment. Even after the filming starts, not long after the film is completed or released, it can already generate income, etc. All of this must be done by NFT. NFT can put A lot of parts in the middle of the movie, or things that we thought were incomplete, are turned into IP, so that the movie is no longer an IP but an IP group. This is actually what Disney has been doing. It's just that Disney sells real derivatives, such as dolls, and these physical commodities derived from movies as part of the movie. And the profit from this sale can only happen after the movie is released. The combination of NFT and movies can generate more assets in movies. These IP assets are not only after the movie is completed and released, but even before the movie is completed. Even a movie may die, but it still does not hinder Some of its IPs will be welcomed by everyone. This is unimaginable in the film industry before, and it is also unimaginable in the Hollywood model. This will greatly reduce the threshold for film investment, allowing more creative people to enter the film industry, provide richer IP, and obtain better and more timely returns. At the same time, it can also allow the vast number of film lovers and fans to participate in the film production process, and at the same time enjoy richer film production and film production.
Migue：I agree with the innovation of the film model mentioned by our teacher Chen Xu just now, and when we made this film at that time, because when big film manufacturers like Disney make films, there will actually be millions of people. dollar budget to make a single film. But for an independent film like Karadita, a production of hundreds of thousands of dollars is enough. But even for an independent film with such a low budget, it is not very easy to go to the market or go to other channels to raise funds. For example, in Europe, there are actually public funds dedicated to funding independent films, but the way they allocate funds is rather strange, so Karadita was not able to get funds through such channels. They want to really see this movie transform from a short film to a real feature film through these 400 people in the NFT space now, so they went ahead and funded the film to make it possible, he thinks it is A very meaningful thing. He believes that this model will continue to inspire other film production projects to participate in it.
Host moonlight: Next, I will hand over the microphone to the guest Miguel to talk about how this movie got the support of 200 cypherpunk holders to cast it? Thanks.
Migue：Karadita has attracted dozens of punks to cast the NFT of their movie project, and he also hopes to get the support of more and more punk holders in the future to continue to increase the number of punk holders to one promote. In particular, I hope to get the support of the Chinese cypherpunk community.
Regarding the question asked by Moonlight just now, first, I agree with what PUNK9277 just said, that is, the community culture of the punk community is to support and help each other. financial or other assistance. This is the number one reason why Karadita was able to get punk support.
The second reason is that because PUNK itself is a very OG and very pioneering NFT project, the holders of the punk community are also paying attention to other NFT projects that also have a very OG and very pioneering temperament in the entire market. Karadita is like this One of the projects, because Karadita is the first NFT project to use NFT to shoot independent films, so he believes that such avant-garde temperament is also a very key reason for attracting punk holders to cast.
Moderator moonlight:
Moderator moonlight:Next, I would like to ask you to talk about it. For you, what does the combination of movies and NFT mean for NFT and traditional industries?
Brother Token:First of all, we can be sure that the metaverse must be a new world, it is not to subvert the old world, it is a completely new world that is independent of the old world. In this new world, it has new digital creatures, new virtual lands, and new art, and it should also have new movies. So many things will be reproduced in the metaverse, and existing things will appear again, including movies of course. Therefore, the film industry will have a new explosion and a new explosion in the Metaverse.
Because you can see that many young people are addicted to vibrato now, and young people in the future will be addicted to the metaverse. This is the same reason. With the development of the times, such a situation will definitely appear. Inside, everything uses NFT as a carrier. Let’s talk about going back to the present. Looking back at the present, how can movie NFT empower the current movie industry? I think the most important point is that it can establish a Dao organization, like the movie Karadita, which made a Dao organization. This Dao organization combines the three roles of the participants. NFT holders are both The producer of the movie is also the marketer of the movie, and also the fan and audience of the movie. He can share the profits and box office of the movie's future screenings. They will also take the initiative to promote and publicize the movie, and they are also the audience of the movie. I think this method is very helpful to the development of the current film industry. I believe that more and more films will be released in this way, not just independent films. Other movies will gradually become this way, giving ordinary people the opportunity to participate. thank you all.
Moderator moonlight: Thank you again for the introduction, the next step is to hand over the microphone to noun74, the leader of the Chinese punk community. As the initiator, you have also assisted many other Chinese projects to successfully carry out global publicity. Fa, can you please talk about how the project should be done in order to get the support of the leading NFT community and carry out a successful publicity or cooperation?
Noun_74：I think there are three aspects. First of all, we must recognize the main influence in the NFT field. It is concentrated in the English world and has a top collection circle. Therefore, if a project wants to build a high-quality community, it must target these two groups. Miguel is a very successful case, because it can get the support of many punks.
The second point is to get access to these top resources, because I have set up a laboratory with a few friends from JPmorgen and Pfage Waterhouse Coopers, mainly to help domestic NFT projects to make global announcements. To access the top-level community resources announced by these NFTs, or KOL resources, you can find our professional institutions. But the project itself, emphasizing that the project itself must have a good story, because if you cooperate with these top communities, or the world's top KOLs, it is not enough to have money, because they pay great attention to the background and story of this project, they are sure I don't want to take advantage of my own reputation for some small promotion funds.
So I suggest that for any project, in order to establish such a community of high-quality holders, it is necessary to examine the entire project from four perspectives: technological innovation, or IP highlights, or roadmap, and team background. Packaging also has a publicity strategy.
Moderator moonlight:
Moderator moonlight:Thanks for sharing, if you want to get support from the Chinese cypherpunk community, you must contact Noun_74 to follow his account. Next, I will hand over the microphone to Brother Pumpkin. I would like to ask Pumpkin, who has been responsible for the operation of many NFT projects. In your opinion, where is the key point of a fundraising community like Karadita, and the key to its success? ? Thanks.
pumpkin:Regarding this type of community operation, it mainly has a very strong connection with people who buy NFT. I think a series of online or offline activities can be used to enhance the stickiness or interactive attributes of the community. We hold some AMAs online. If you are offline, you can find a coffee shop to chat about future plans for such projects. At the same time, let me give a small example. In the NFT of this kind of movie, if it is a relatively large investor, he can even be allowed to participate in the custom production of some movies, or put forward some ideas of his own about the plot. There are some that if you want to get more traffic, I think it’s not just reposts of cypherpunks, but you can also use premint to send some of this type of data. On the one hand, it makes the Twitter account look better, and on the other hand, it makes the general public I think it is also helpful to be able to get in touch with these things. Thanks.
Host moonlight: Thank you very much for the sharing of Brother Pumpkin. There are many keys to operation, especially under the current market conditions, but it doesn’t matter. It’s OK to find our four guests on stage today. Next, do you want to open up to our friends to ask questions? I have already seen some people raise their hands.
Miguel：I would like to add one more point, because in the speech of Brother Pumpkin just now, Brother Pumpkin mentioned that when we operate the Karadita project, we can consider adding PFP elements. In fact, we have already considered this point and put it on the roadmap bingo. He mentioned that there are a lot of nft degens who are funding and helping them. What he likes about Karadita is that they will put the PFPs of the top sponsors who funded the film at the beginning of our film. These few minutes of acknowledgment, or the content of this paragraph of acknowledgment. That is to say, the headshots of the funders with the highest funding amount will appear in the movie, and these headshots are likely to be the headshots of the holders of our punk community, because our punk community is very fond of Karadita. Favorite. This is something he probably wanted to add.
Moderator moonlight: Next, I would like to ask PUNK9277 to ask questions.
PUNK9277:From his own point of view, Miguel can talk about his views from two aspects. The first aspect is that our Karadita is an IP experiment that no one has tried before, or a relatively pioneering NFT project. He wanted to ask Miguel if he had learned any meaningful experience during the process of filming, building the NFT community, and financing through NFT, or what points he wanted to share with everyone.
The second question, the purpose of the WEB3 or NFT community is to enable the community to co-create and share this ownership. This kind of thinking can actually help us think further, how to let the community of our movie NFT project participate in it, and enjoy some of the benefits brought by this movie, or some of the creative process it brings.
Miguel:For the first question, the experience or highlights are in this area. I think the very meaningful experience lies in the area of financing, that is, no one can replace you in financing, especially in the field of WEB3. Because in the field of web 3 and NFT, members want to have a direct connection with the creator, or with the founder of our project, to have a direct communication and exchange. Like the AMA space we are currently conducting, he himself has personally gone through a complete process from financing to interacting with the community, and further selling NFT to obtain funds. He didn't think it was meaningful or correct to say that he found a dedicated partner to do this financing. Because of the web 3 community, we still hope that we can communicate directly with the founders.
The second question, in response to the question asked by 9277, for the new projects we are sharing in the community or as NFT experiments, the industry we are in now, or the space we are in, is changing rapidly, so an NFT project Or a holder, must have a very clear goal or strategy to be successful. And he mentioned that our current market situation is actually not very optimistic. Even in a bear market, it is still in the middle of the Russia-Ukraine war, so these different factors will affect the overall situation of the NFT market.
When the team or our Karadita team is writing a smart contract, they will face it and find that the prediction of the gas fee is sometimes high and sometimes low, and there is no way to have a complete control. But such a setback or such a fluctuation is a necessary path that every project that wants to survive in the bear market must go through.
Considering the Karadita project, we thought at the beginning that the slow casting process was acceptable, because Karadita is positioned as an independent film, and our overall positioning is still relatively niche. Therefore, we don't think that such a project is suitable for attracting a large number of fomos, and we don't think this is the positioning of Karadita. We have made a positioning, we really want to attract very high-quality diamond hands, and those diamond hands who are not easy to place orders for their NFT assets, to participate in their communities. Therefore, Miguel also believes that such a strategic positioning has helped them succeed in this offering.
Column introduction
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Column introduction
"OGtown" is an article column authorized by the Chinese cryptopunks community. The community was established in 2021. It is the earliest private NFT community with the highest asset holdings in China. All holders must verify PUNK to join. At present, there are more than 200 cryptopunk holders in the community, and it is the Chinese community with the most concentrated web3 celebrities. Exchanges, established blockchain media, Chinese opinion leaders, whale nft collectors, etc. The community has good connections with top overseas OGs, and friends from all walks of life are welcome to establish contact with PunksCN to jointly promote the development and progress of the Chinese NFT field
