NFTs and Soulbound tokens define Web3 filmmaking, says director
As various mainstream industries adopt Web3 tools, the world of filmmaking can take a lesson from the offerings of NFTs and the newly appeared soulbound tokens to define a new age of cinema. Web3 tools and innovations are making their way into various mainstream industries across the world. Some such as the sports and music industries have made a big leap into adoption. However the world of cinema has not been as vocal on its adoption. Some filmmakers in the past have touched on DAOs as a tool to boost community engagement around cinematic projects. Recently, big names in cinematic entertainment like Disney have made more swift moves into the space by hiring Web3-related lawyers and bringing the Polygon blockchain network into its accelerator program. Cointelegraph sat down with Director Stephen Fung, who is currently developing the Web3 film project Departed Apes, to better understand how Web3 tools like nonfungible tokens (NFTs) and now soulbound tokens (SBTs) can serve cinema. M...