The first movie to be financed with NFT! Revolution? Deception?

Assuming you are familiar with the world of NFTs and its developments, as you read this article on NFTIFY, I will not delve into why NFTs are revolutionary for the creative world. We have discussed this topic extensively in 2021, and after creating a multi-billion dollar market, many of us agree that the basis for anti-NFT rhetoric was weak. NFTs have surpassed all previous radical changes regarding the speed of acceptance by the masses and the rapidity with which the technology was misused.

In this article, I will provide an example of this misuse. In recent months, organisations have used NFTs as a fundraising tool, particularly during the war in Ukraine. These initiatives have signalled that crowdfunding efforts will shift heavily to this new technology shortly.

Non-profit NFT-based fundraising efforts have attracted individual entrepreneurs’ attention, leading to the industry media being flooded with news of the first movie to be financed through NFTs.

Most of us can create better visuals than this on Midjourney/

The movie, called Antara, is described as a pioneer of radical change in the movie industry. However, there are concerns regarding its legitimacy and level of professionalism. The trailer for the project needs improvement to represent a production worth 50 million dollars properly. Currently, it contains footage taken from other films within the same genre, without any attribution or permission. Additionally, there is a lack of concrete information about the project’s content, which adds to the doubts regarding its potential success.

Arabian Camels are total eye-sore for many of us.

Antara intends to invest in the movie with the not-so-popular avatar series, The Arabian Camels. Although some may view this as a suitable option for a movie set in Arabia, the NFT drop lacks collectable value and taste. The project is offering extravagant incentives such as a Lamborghini car, three Rolex watches, and 250 grams of gold bullion to those who buy their NFT collection. This seems like an unrealistic investment opportunity, even when compared to classic fraud emails about a Nigerian prince’s inheritance.

Mr Amatei sounds like an ambitious person with no experience.

The project’s producer and writer, Alexander Amartei, has only two films in pre-production on his IMDB page, one of which is Antara. This does not inspire confidence in the project’s potential success. If you are interested, you can check out the project’s website at antaramovie.com.

However, be cautious when investing in NFTs, particularly those with questionable legitimacy.

Aykut Mercan NFTIFY Editor-in-Chief instagtam.com/nftify

Editor’s Note This article was first published on nftify.com.tr in 2022 and has been partially shortened and changed while translating Aykut Mercan’s column into English. During the “fact-check” conducted by our editors, it was found that the project is still ongoing and has sponsorship projects. In addition, according to some sources, it has been confirmed that the film will be shot in Saudi Arabia.

This article was first published in Turkish on NFTIFY.com.tr and translated into English by NFTIFY.uk.

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Original Article: https://nftify.com.tr/nft-ile-finanse-edilecek-ilk-film-devrim-mi-aldatmaca-mi/