Web3 film funding platform Decentralized Pictures has announced the launch of its blockchain-based film financing application, set to go live during the Cannes Film Festival on May 20. The app will launch with a documentary film award in partnership with The Gotham Film & Media Institute; up to two winning projects will receive up to $50,000 each in finishing funds.
Source: Coppola-Backed Decentralized Pictures Launches Web3 Film Funding Platform – Decrypt
DeviantArt Protect, which launched last year for art posted on the site, will now be available for work that isn’t hosted there as well. Users can upload copies of art to Protect and have it matched against non-fungible token (or NFT) images minted to one of several public blockchains. If an identical or near-identical match is detected, they’ll receive an alert and can send takedown requests to major NFT markets like OpenSea.
Source: DeviantArt is expanding its system for flagging stolen NFT art
Software available right now from the Microsoft Store claims to allow Netflix, Amazon Prime, HBO, Disney+ subscribers and more to download movies and TV shows to their own machines, as a permanent DRM-free copy. In itself this raises legal issues but buried away in the software’s fine print is something that all prospective users should know about.
Source: Software Downloads Netflix & Disney+ Videos to Make DRM-Free Copies * TorrentFreak
The British Museum N.F.T.s launched at a time when fewer people could physically access the museum because of the pandemic. “They realized that N.F.T.s were perfect marketing tools to reach these communities they were not reaching so far,” Beaucamps said. The museum gets a commission on each N.F.T. sale as well as a percentage of the secondary-market fees.
Web3 is poised to shake up every stage of film production, from financing through to distribution—and there are filmmaking pioneers already making use of Web3 to fix long-standing problems with the industry. Cryptocurrency and blockchain are intertwined with the world of finance, so it’s not surprise the first area where crypto has made its presence felt is in raising funds to produce films.
Source: How Web3 is Revolutionizing the Film Industry – Decrypt
Technology, in the form of non-fungible tokens (NFTs) such as CryptoPunks, has played a key role in disrupting traditional art-market dynamics. Online marketplaces and platforms have enabled artists to dispense with gatekeepers, birthing a billion-dollar business that favors creators.
Source: NFTs Started ‘a Digital Art Renaissance.’ It’s Far From Over – Decrypt
Throughout history, Congress has established expert agencies to oversee important parts of the American economy — from agriculture to drugs to railroads. Now amid growing concerns about the power of Silicon Valley, a Democratic senator suggests reforming current institutions isn’t enough: a new federal watchdog is needed to regulate the country’s most influential tech companies.
Source: Senator introduces bill giving Big Tech its own federal watchdog
Tesla billionaire and future Twitter owner Elon Musk says he’s “very much on the same page” as the European Union about the Digital Services Act. Musk appeared in a short video alongside EU Commissioner Thierry Breton to confirm his support for the DSA, which — among other things — requires large platforms to police illegal content and assess the risk of harm their services pose, including from disinformation.
Source: Elon Musk says he’s ‘very much on the same page’ as the EU on social media laws
Within the creative community, NFTs are great for generating revenue and royalties. Equally important, is the deep and meaningful connection and bond NFTs establish between creatives and their existing fans in addition to new audiences. The power of the connection comes from the fan’s ownership of the NFT collectible.
Are computers capable of creating art, will they ever be?Undoubtedly art has always used new techniques to redefine reality. In this case, the driving force is research and artificial intelligence. In 2011, CERN in Geneva launched a residency program for artists and performers that led to important collaborations.
Source: Would you buy a work of art created by artificial intelligence?