Cinefund - Residual backed NFTs

Our mission is to build transparent participatory ecosystems for the film and video industry by connecting content consumers, creators, publishers, and investors through crowd based funding instruments built on Cardano.

The global video streaming market is forecasted to grow at a compound annual growth rate rate of 20.4% from 2020 to 2027, reaching USD 184.2 billion by 2027. Source: Grand View Research - https://www.grandviewresearch.com/industry-analysis/video-streaming-market

Currently this market is dominated by iTunes, Netflix, Amazon, Youtube, Disney, HBO, and major Hollywood production studios. So how does one disrupt an industry that created such a sticky user-experience that the term binge-watching was created to describe consumer behavior?

The short answer is we tackle it in pieces. Independent content creators experience the biggest pain points. Funding projects is extremely difficult and seeing ROI only occurs after streaming platforms, distributors, and production houses all take their cut.

Presenting CineFund, an economic incentivized Decentralized Exchange for tokenized Unique (non-fungible) assets pegged to historic and real time performance of streaming content.

Creatives will be able to mint and sell NFTs that grant the owner access to future streaming residuals.  Funds raised would provide the creatives with the capital needed to produce the film.  Each person who takes part in the film creation process would have a collection of NFTs that represents their role (cinematographer, writer, director, etc) which in turn fit into the complete film collection.  Collectors will be incentivized to share and market the films which they hold the NFTs of.  The more views/sales that a film sees the more an NFT holder can earn in residuals.

Founding Team

Tyler Wales - 10+ years of experience in tech and media. Well rounded with experience in design, development, and project management roles. Currently a mentor at Portland Incubator Experiment.  

https://www.tylerwales.com/
https://www.linkedin.com/in/tyler-wales/

Wiley Watson - Award winning film director and editor.

https://www.wileywatson.com/
https://www.redtidepictures.com/

Use of Funds

We are only asking for funding to see us through the first 3 months of our roadmap as outlined below.  We intend to bootstrap items outlined in 6 months through the POC NFT video drop. 

Roadmap / Definition of Success (more detail coming soon)

3 months $9,750

• Fractionalize and mint existing unreleased film project into NFTs hosted on Arweave + IPFS 
• Launch video POC NFT drop with NFTmaker Pro
• Build community of creators, investors, prosumers (discord, twitter, email list)
• Tokenization model that incentivizes sustainable community behavior
• Clickable prototype complete

6 months

• Smart contract functionality
• Ability to link outside residuals to NFTs
• Determine technical and legal mechanism to convert fiat residuals to ADA/native token in order to distribute to NFT holder.
• Launch private beta  

12 months

• Launch Cinefund 
• Explore decentralized streaming (begin with niche content)
• TBD