<\/p>\n
The filmmakers behind the indie hit \u201cBottle Shock,\u201d a film that premiered at Sundance and boasted a star-studded cast including Alan Rickman, Chris Pine, and Bill Pullman, are venturing into new territory.<\/p>\n
They are testing a blockchain-based platform called Funded.app<\/a> to facilitate public investment in an ambitious new project\u2014an animated version of \u201cBottle Shock,\u201d intending to use the original soundtrack. Luke Dugdale, CEO of Funded.app, elaborated on the platform\u2019s capabilities: \u201cFunded.app uses blockchain tech to allow people to buy a part of it and track its success using blockchain technology<\/a>.\u201d<\/p>\n As with any technological innovation, there are hurdles to overcome. Currently, the \u201creceipt of ownership\u201d in Funded.app is represented as an NFT. Despite blockchain technology\u2019s secure and transparent nature, the term \u201cNFT<\/a>\u201d has been met with skepticism. \u201cUnfortunately, it\u2019s all about re-educating people. The blockchain is sound, the technology is safe and secure, the tracking mechanism is robust and very traceable,\u201d said Steve \u2018Mac\u2019 McKeon, CEO of MacNerd.<\/p>\n The original film<\/a> was a financial success, generating $4.7 million in the U.S. domestic box office and earning millions more through home video and streaming services like Netflix and Amazon Prime<\/a>. Additionally, it was one of the most lucrative indie films on airlines, making $2.5 million from in-flight screenings alone.<\/p>\n The filmmakers plan to re-create \u201cBottle Shock\u201d as a hand-drawn animated film, with a production cost estimated at $1.5 million. Most of the budget will be allocated to animation costs and actors\u2019 reuse fees.<\/p>\nNavigating the Stigma Around NFTs<\/h2>\n
A New Spin on \u201cBottle Shock\u201d and the Future of Crowdfunding<\/h2>\n