Cointime

Download App
iOS & Android

Decentralizing Film Through NFTs: An Introduction to Shibuya

Validated Project
  • Shibuya, an NFT platform co-founded by artist Emily “pplpleasr” Yang, raised $6.9 million in seed funding from Andreessen Horowitz and Variant Fund.
  • The platform will expand its team and work to onboard creators to launch additional original video series.
  • Shibuya uses Ethereum NFTs to fund and shape films with the goal of being the “A24 of Web3”.
  • Pplpleasr believes that a decentralized video platform like Shibuya is essential for creatives to break from the traditional Hollywood machine.

With the rise of decentralized technology, a new era of creative collaboration has come to life. This is especially true in the film industry. That’s why Emily “pplpleasr” Yang co-founded Shibuya, a decentralized video platform and NFT marketplace for filmmakers. Recently, Shibuya raised $6.9 million in seed funding from Andreessen Horowitz and Variant Fund

Emily Yang’s Shibuya platform is changing the way we think about digital art, demonstrating serious faith in emerging technology and digital art movements. Through Shibuya, Yang hopes to bring mainstream attention to NFTs — giving creatives a new way to monetize their creations. With its powerful backers and state-of-the-art design, Shibuya is poised to revolutionize the digital art industry.

Expansion of Team and Onboarding of Creators

Shibuya is working hard to expand their team and onboard additional creators for their original video series. They have already signed with several major filmmakers such as Adam Denton (The Exorcist), Tyler Oakes (Get Out), and David Lowery (A Ghost Story). These filmmakers will be helping to create original video content on the platform which will be distributed via Ethereum NFTs.

Ethereum NFTs for Film Funding

Part of Shibuya’s goal is to become the “A24 of Web3” by using Ethereum NFTs to fund and shape films. This means that they are looking to use blockchain technology as a way to disrupt traditional Hollywood funding models by creating a more transparent system where creators can receive direct compensation from fans for their work. They plan on achieving this through the use of smart contracts which are programmed into an Ethereum Network so that payments are sent directly from fan to filmmaker with no middlemen involved.

Breaking from the Traditional Hollywood Machine

According to Emily “pplpleasr” Yang, decentralized video platforms such as Shibuya are essential for creatives who want to break away from the traditional Hollywood machine in order to gain control over their own work and its distribution. Furthermore, there are many advantages that come with a decentralized system such as increased transparency, reduced costs, and higher profit margins due to lower fees associated with transactions.

Shibuya is making great strides towards decentralizing film through Ethereum NFTs and breaking away from the traditional Hollywood machine. It will be interesting to see how they continue developing their platform in order to provide more opportunities for filmmakers while allowing fans greater access and control over content creation. By doing this, we believe that we can achieve greater fairness within our creative ecosystems while giving creatives more freedom over their artistry than ever before!

Comments

All Comments

Recommended for you

  • BTC Falls Below $77,000

    Market data shows that BTC has fallen below $77,000, currently priced at $76,999.01, with a 24-hour decline of 2.21%. The market is experiencing significant volatility, so please ensure proper risk management.

  • BTC Falls Below $77,000

    Market data shows that BTC has fallen below $77,000, currently priced at $76,996, with a 24-hour decline of 1.93%. The market is experiencing significant volatility, so please ensure proper risk management.

  • BTC Falls Below $77,000

    Market data shows that BTC has fallen below $77,000, currently priced at $76,996, with a 24-hour decline of 1.93%. The market is experiencing significant volatility, so please ensure proper risk management.

  • President Trump Claims U.S. Profiting from Tariffs

    According to market news: President Trump stated that the United States is profiting from tariffs.

  • President Trump Claims the U.S. is Profiting from Tariffs

    According to market news: President Trump stated that the United States is profiting from tariffs.

  • Iran's Deputy Defense Minister: New Systems Deployed on the Battlefield Even Under War Conditions

    The Deputy Minister of Defense of Iran stated that despite facing difficulties and sanctions, Iran's defense industry has successfully strengthened and enhanced the deterrent capability of its armed forces. Although the enemy claims to have destroyed these capabilities in recent conflicts, Iran has maintained the production lines for the necessary equipment and weapons for its armed forces through careful planning and foresight. Furthermore, new offensive and defensive systems have been successfully deployed on the battlefield under war conditions, and this process continues to advance vigorously. Iran will never succumb to pressure, and this resistance has already broken the strategic deadlock, leaving the Trump administration perplexed.

  • Iran's Deputy Defense Minister: New Systems Deployed on the Battlefield Even Under War Conditions

    The Deputy Minister of Defense of Iran stated that despite facing difficulties and sanctions, Iran's defense industry has successfully strengthened the 'long arm' of its armed forces, making it more powerful and deterrent. Although the enemy claims to have destroyed it in recent conflicts, Iran has maintained the production lines for the necessary equipment and weapons for its armed forces through careful planning and foresight. Furthermore, new offensive and defensive systems have been successfully deployed on the battlefield under war conditions, and this process continues to advance strongly. Iran will never yield to pressure, and this resistance has broken the strategic deadlock, leaving the Trump administration perplexed.

  • Iraq Confirms Some Tankers Granted Passage Through the Strait of Hormuz

    On August 22, Al Arabiya reported that the President of Iraq stated: "We discussed the issue of reassessing Baghdad's relationship with Tehran with Iranian Parliament Speaker Ghalibaf. Currently, some vessels carrying Iraqi oil have indeed been granted permission to pass through the Strait of Hormuz. Given the current situation, I believe the United States wishes to reach an agreement to end the war with Iran. It must be said that we are the country most affected by the war, and the government is doing its utmost to avoid getting involved." (Jinshi)

  • Iraq Confirms Some Tankers Granted Passage Through Strait of Hormuz

    On August 22, Al Arabiya reported that the President of Iraq stated: "We discussed the issue of reevaluating the relationship between Baghdad and Tehran with Iranian Parliament Speaker Qalibaf. Currently, some vessels carrying Iraqi oil have indeed been granted permission to pass through the Strait of Hormuz. Given the current situation, I believe the United States hopes to reach an agreement to end the war with Iran. It must be said that we are the country most affected by the war, and the government is doing everything possible to avoid being drawn into it." (Jinshi)

  • Total Open Interest in ETH Contracts Exceeds $30 Billion

    According to data from Coinglass, the total open interest in ETH contracts across the network has increased by 7.46% in the past 24 hours, reaching a current total of $33.304 billion. Among these, Binance holds $8.76 billion, CME has $3.27 billion, Bybit accounts for $2.21 billion, and OKX holds $1.67 billion.