The Impact of Blockchain Technology: Tokenizing Projects and Transforming Film Financing

2023-11-26 12:09:20

Blockchain technology can transform not only the world of finance, but almost all areas of everyday life. By tokenizing projects, many more investors can be involved in financing, for example, as is increasingly the case with films, for example. In addition, blockchains provide transparency and efficiency in tracking expenses and income. The film Bull Run, financed by tokenization, was recently presented at Doc NYC, an American documentary film festival. The film Bull Run shows the ups and downs of a trader In September 2021, 320,000 euros were collected for the Spanish film in just 24 hours, which producer Juanjo Moscardó called shocking when compared to the fundraising of other films, even over years. The film’s investors received BULL tokens in exchange for their investment, which tokens represented the debt associated with the film and also gave them the right to profit. The person who invested the most money was even given 60 seconds of time in the film to say what he wanted and this cut was integrated into the film. By the way, Bull Run is about the emotional roller coaster that an investor experiences during a bull market. The director Ana María Rubio considers herself a real trading addict and wanted to explore this addiction in the documentary. The work not only presents the basics of blockchain technology, but also gives a glimpse into the lives of Spanish-speaking crypto stars. Nowhere is Rubio’s addiction to trading better demonstrated than the scene when he gives an interview to a YouTube channel. In the meantime, he gives his phone to a team member so that he can continue trading for him. In the film, we see the highs and lows of crypto markets, and the process by which Rubio realizes how decentralized blockchain systems are transforming people’s lives. The film does not get a major conclusion, we only learn that the director is still addicted to trading as a Bitcoin believer.

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