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Scorsese producer to make first Hollywood movie funded by NFTs
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The executive producer behind blockbusters including Martin Scorsese’s The Irishman is to make Hollywood’s first feature film funded entirely by non-fungible tokens (NFTs), with a promise that those who invest will get a share of any profits and meet the stars of the production.
Niels Juul, who has set up the production company NFT Studios to fund a series of films, hopes to raise between $8m and $10m (£6m and £7.5m) through the sale of 10,000 NFTs to the public and institutional investors.
NFTs are a digital certificate proving that you own something, in this case part of a film. They have become a hot new financial trend lauded by some as a gold rush and regarded by others as the latest bubble, with a risk investors could be left out of
Read more on theguardian.comAbout this in other media
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