Dear Superstar V, the first film using NFT
Dear Superstar V, the first film using NFT
Blockchain

Dear Superstar V, the first film using NFT

By Alfredo de Candia - 14 Sep 2020

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Author mBlu announced on Twitter that he has released the first film using the NFT (Non Fungible Token) format on the WAX blockchain. It’s called Dear Superstar V and it’s a short film.

The WAX blockchain is an EOS sister chain and has several aspects in common with it, such as the DPoS (Delegated Proof of Stake) consensus protocol.

WAX focuses on the NFT ecosystem. It enables the creation, purchase and sale of this type of tokens in a quick and easy way, as the acronym WAX (Worldwide Asset Exchange) recalls. 

This NFT, which can be viewed here, is a film or rather a short film entitled Dear Superstar V. In addition to being the first NFT film, it is intended as a response to a famous music video.

NFT, films and digital works 

We are entering the era of full digitization since the producer/filmmaker, after producing the artwork, has put the film on sale also in the form of NFT, so anyone can buy it eliminating any intermediate step between author and distribution of the work.

This NFT is sold for 25 thousand WAX which, at the current price, means more than 1000 dollars, so a significant amount, considering that it is a unique piece as demonstrated by its characteristics. And this determines its value since only 1 person will have that NFT as there will be no other copies. 

This is certainly only the beginning of this revolution and we can imagine how in the future this system could be used as a crowdfunding system to finance the works, considering that several NFTs could be sold, such as special versions, autographs, posters and more, and all this would go directly to finance the film.

Of course it is possible to expand the use of NFTs to other digital works, think of a song or a whole CD of music tracks or a work of literature.

It is worth mentioning that an NFT can be relatively rare because at the moment of its creation it is possible to set its quantity.

Alfredo de Candia
Alfredo de Candia

Android developer for over 8 years with a dozen of developed apps, Alfredo at age 21 has climbed Mount Fuji following the saying: "He who climbs Mount Fuji once in his life is a wise man, who climbs him twice is a Crazy". Among his app we find a Japanese database, a spam and virus database, the most complete database on Anime and Manga series birthdays and a shitcoin database. Sunday Miner, Alfredo has a passion for crypto and is a fan of EOS.

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