Since a few decades the film and entertainment sector have undergone some drastic transformation. The first ever format to bring movies in the household was VHS. Not so long before VHS, TV was the source of entertainment. With the passage of time a new format with greater HD quality, audiovisuals and sound took over. This DVD format made great progress as it had additional content such as interviews, bloopers, documentaries and many more things.
The demand for broadband was rising as the speed of streaming upgraded, the apple company took the chance and introduced digital media sales of movies in the market. This marked the end of the era of DVD and rise of Streaming. So now people have Netflix, Hulu and other streaming sources to enjoy movies and TV shows of all time. Because of the pandemic, many movies came to surface via streaming which left the movie theaters in a very difficult situation, supporting Streaming.
The introduction of one-size-fits-all subscription models put a complete end to all the DVD products. Here is where the NFT came on the screen. All the collectible movies and TV shows can be brought back with the opportunity given by NFT. When the NFT hype from the early 2021 began, many sectors examined the opportunities to value the digital art NFTs.
“Silhouettes’, the film featuring for NFT tickets
Now the movie industry has switched to selling the movie tickets in the form of non-fungible tokens (NFTs) at Liquid Network. This is where the history of the movie industry changed. The movie silhouette, a superb science fiction, written by Matt Hartley has a story of an astronaut Katherine Barnes.
In this film she is in the middle of an inspection done on routine about the orbiting space station of the earth. During her routine, she is taken on a tour of the universe by a space inhabitant. Versatile actors such as Dick Terhune, who also worked on “Transformers: Cyberverse”, and Helen Day who starred in the “Toruk: The First Flight” are the cast of the story.
This movie initiated NFTs. The purchase of tickets is provided on the official site, which is in collaboration with Pixelmatic. Pixelmatic is a part of the global market founded in 2011, that directs and develops video games, their teams placed in China, France and Canada, and is driven by a team of gaming industry professionals from Ubisoft, Activision Blizzard and Relic.
Giant streaming companies like Netflix have already planned to launch games on the platform, which combined with the blockchain technology can be HUGE! I mean, players would be able to get their hands on popular games, instead of buying virtual items in OSRS, they would be able to buy NFTs which can be sold for massive profits. Games like Fortnite accounts and even FFXIV accounts can explode after this.
Now with each ticket of this movie an exclusive accessory to the streaming is provided to the buyer with a unique ticket number issued by an NFT…This innovative process has already come to market. Moreover these tickets can be handy using another crypto currency like bitcoin, litecoin and liquid bitcoin. Now payments are done with lightning networks as they are highly acceptable because of the low cost micro-transaction.
Is Movie Streaming the Next Target?
Yes, the movie streaming is definitely the next step to the NFTs. So, People think of NFTS as a digital asset that is very expensive and is going to make a lot of money, in the future making them rich as it is similar to crypto currency.
Thus NFT persuades the people to own an asset or any piece of art. Recently the tiger woods sold NFTS of digital autograph collectibles. These have become so popular the TIME magazine’s 4500 pieces were out in just one minute on its release date. In short we are offered a digital asset of any piece of art with the authenticity of a blockchain-created certificate. If you are thinking of buying an NFT, it is affordable but as the bidding war goes on it can be much more worth of a token.