NFTS APPLIED TO THE FILM INDUSTRY
As you probably already know, NFTs are being used more and more in the film industry. We have seen them in the form of digital collectibles for the enjoyment of the most fans as they did with the NFT collection I Am Groot from Guardians of the Galaxy or the Pixar Pals collection where you can collect different iconic characters from Pixar movies like Woody or Mike Wazowski generating 3M$ in just 24h.
But the NFTs go far beyond being simple digital collectibles and in this sense, we are seeing how they are beginning to be given different applications. From using them as a new alternative financing model to traditional systems, as the movie The Infinite Machine is doing, to using them as monetization and community generation, as Warner Bros. has done with its project The Lord of the Rings: The Fellowship of the Ring (extended version) Web3 Movie Experience NFT.