H Jenkins on April 13, 2021
The NFT market has seen some big items go up for sale. Now Kevin Smith is putting his entire next movie on the auction block.
Deadline reports that Smith’s next film Killroy Was Here will go up for auction as an NFT. This is real and whoever wins the auction will actually own Kevin Smith’s latest horror film, which allows them to do anything they want with it.
Kevin Smith explained his reasoning for this while drawing from his history in the entertainment industry.
“Back in 1994, we took Clerks up to Sundance and sold it. Selling Killroy as an NFT feels very similar: whoever buys it could choose to monetize it traditionally, or simply own a film that nobody ever sees but them. We’re not trying to raise financing by selling NFT’s for a Killroy movie; the completed Killroy movie IS the NFT. And If this works, we suddenly have a new stage on which I and other, better artists than me can tell our stories.”
Some NFTs have gone for insane money. We’ll have to see how much Kevin Smith’s new film goes for, but he could break new ground with this idea. In the future it might be possible for entire studios to make a full film only to put it up on the NFT auction block for one incredibly rich person to buy for their personal viewing experience only.
April 13, 2021 4:35 pm
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