Film.io aims to bring filmmakers and fans closer to the creative process by forming blockchain-based communities.
Launched in 2022 by Consensys, VillageDAO leverages the power of Web3 communities to provide customer support and service to dApp users and developers.
Ethereum developer Consensys has announced that Film.io, a startup using crypto power to democratize the Hollywood studio system, will be the first partner to join VillageDAO, a smart contract framework and service provider for Web3 communities founded within ConsenSys in 2022.
Ethereum brings together a huge ecosystem today, and decentralized autonomous organizations (DAOs) have had the power to fuel that community and power various projects and all kinds of fundraising ideas.
The Hollywood studio system, an obvious target for some degree of decentralization, is a highly developed set of gatekeepers and the result is a world where storytelling and creativity are systematically suppressed, says Bryan Hertz, co-creator of Film.io.
“Film.io is a decentralized community that filmmakers can build around their own film project and really choose their own path,” Hertz said in an interview. “They can seek funding, distribution and help from the community in developing their project, whether it is improving the idea or even recreating assets, such as movie posters or the like, and do so in a decentralized way.”
From a Film.io perspective, Hertz said he sees film projects with budgets ranging from half a million dollars to $30 million, which is expected to rise as more studios come on board the platform.
VillageDAO, originally founded within Consensys in 2022 and now planning a life of its own, can offer a brand like Film.io a better managed environment than Discord, said Consensys CEO Dror Avieli.
“Discord is a great tool to a certain extent, but it can quite quickly become a kind of Wild West, where you encounter many different levels of behavior and quite a bit of chaos,” Avieli said in an interview. “We believe in creating an environment with better technology, better procedures and better financing, and generally better community management and support.”
As VillageDAO’s first official partner, Film.io will have a dedicated white-label portal on the website
VillageDAO platform: The Film.io Village. To kick off the partnership, Film.io and VillageDAO are introducing a “Community Expert” certification program that will allow Film.io members to support the existing community and help onboard new users, the companies said.