10 DAOs That Invest In Movie NFTs

June 27, 2023 by Mimi Phan

Grab your popcorn, folks, because we’re diving headfirst into the world of decentralized autonomous organizations (DAOs for short). DAOs that invest in movie NFTs are shaking up Hollywood in the best ways with innovative crypto film financing methods and new business models, so it’s super important to understand them.

But what does DAO mean in a real sense? Here’s a quick explainer!

What is a DAO?

Think of a decentralized autonomous organization as a digital group of people united under a common cause. And here’s the fun part: there’s no boss! It’s less “my way or the highway,” more “let’s vote on which way to go” – less about following orders and more about every member following a set of rules for making decisions.

When it comes to filmmaking, DAOs take up the critical role of funding film projects, especially through NFTs. Here are 10 DAOs that invest in movie NFTs!

1. Hollywood DAO

Roll out the red carpet for Hollywood DAO, the coolest kid on the blockchain block and a pioneering example of how DAOs, NFTs, and DeFi are disrupting Hollywood.

It’s all about giving creators the cash they need to make magic and letting their community call the shots on what films get the green light. Hollywood DAO is also becoming a leading player in the realm of crypto film financing.

In this epic sequel to traditional filmmaking, Hollywood DAO is also the big-shot producer – a toolbox for creating and funding top-tier TV and movie content that puts fans center stage.

2. Film.io

Film.io is shaking up Hollywood by launching the first-ever filmmaking DAO, handing the creative reins to artists and fans alike.

It’s a full-fledged cinematic ecosystem for global filmmakers, fans, and investors, aiming to break the iron grip of traditional filmmaking monopolies. You can join the party, pitch your projects, score NFTs, win contests, and grab 100 free FAN Tokens to support your favorite content.

The show is run by the Global Creativity Foundation, a charitable organization committed to democratizing the film industry, while also handing more power to the community.

3. Decentralized Pictures

Decentralized Pictures is the fresh-faced movie-making DAO on the blockchain. It’s built on its unique Tezos blockchain version, called T4L3NT Net, and uses its FILMCredits token for all transactions.

Want to submit your film idea? Buy some FILMCredits. Want to earn them instead? Review others’ films. You can use your FILMCredits to back the projects you like, pay for reviews, or cover application fees.

The neatest part is that this platform is a non-profit. Any money it awards is an investment, with profits pumped back into future platform projects. Cool, right?

4. Blockbuster DAO

Blockbuster DAO was formed in the era of people creating DAOs to buy nostalgic items. (For example, ConstitutionDAO was a group that raised funds to buy a copy of, you guessed it, the US Constitution.)

In this case, BlockbusterDAO cooked up a wild plot to buy Blockbuster from Dish Network. Their master plan? Minting their own NFTs to raise a cool $5 million, where each NFT came at a price of 0.13 Ether.

Their grand vision was to morph Blockbuster into a decentralized film streaming powerhouse. Although that venture failed, Blockbuster DAO has turned towards other filmmaking pursuits, such as working towards launching a Web3 streaming video platform called R3WIND.

5. Kino DAO

Kino DAO is a fresh-out-the-oven film production factory cooked up by NFT Studios, but here’s the twist—it’s built like a DAO. To get in on the action, you’ve got to snag some NFTs (non-fungible tokens) issued by Kino.

Kino DAO is like a self-driving mini-studio releasing NFTs to fund future blockbusters. Your voting power depends on your stack of $KINO, their very own VIP tokens.

Kino DAO is coming in hot with three NFT membership tiers: General, Silver, and Gold. And these NFTs? They’re golden tickets that give voting rights, cool swag, party invites, and movie credits.

6. Nouns DAO

The cool cats at Nouns DAO, the team behind the Nouns NFT collection, just made movie history. They injected 6.9 ETH (a sweet $21K at the time) into the indie film Calladita. This was the first time a DAO put its crypto chips into a feature film.

Nouns DAO gets to sit at the big kids’ table as the second-largest backer of the film. And what’s the cherry on top? A character in Calladita gets to rock the pixelated Nouns Glasses, a Nouns NFT gets prime screen time, and the Nouns DAO gets their name up in lights as an associate producer.

Popcorn, anyone?

7. FF3 (First Flight)

Buckle up, movie buffs! Goldfinch, those London entertainment whizzes, are rolling out FF3, a new platform letting independent filmmakers fund their flicks with NFT sales. Grab an NFT and you get more than just bragging rights – you get a piece of the film’s intellectual property and a slice of the film’s dough!

From cool collectibles to exclusive access to the people behind the film, NFTs have got it all. And guess what? FF3 is kicking off with Stephen Graves’ spine-tingler, The Dead of Winter.

According to Goldfinch, filmmakers hit the jackpot with this – clear ownership, multiple money-makers, crypto financing, and royalties from secondary sales. Lights, camera, action!

8. Caduceus

Ivan Atkinson, the hotshot producer of Guy Ritchie’s movie The Gentlemen, has taken the filmmaking game to a whole new level!

His production outfit One Van Films has joined forces with Light Cycle for an exhilarating project – Caduceus. This project is the Swiss Army Knife of the metaverse, dabbling in everything from NFTs to sports, and of course, filmmaking!

With this move, Ivan’s putting the power back in the hands of the fans. They get loyalty rewards, insider peeks at movie sets, and a front-row seat to the magic of the film industry.

9. Mega Movie Fund (MMF)

This nifty little project, brought to life by FGA Partners and launched on the Pecu Novus Blockchain, is like a fairy godmother for independent filmmakers. MMF is all about giving filmmakers the power to transform their films into digital collectibles like NFTs, sell merch, and build their fanbase on the MegaHoot Soapbox Private Clubs platform.

Now, here’s the juicy part: MMF isn’t just about one-off movie flings. They’re all in for long-term relationships, inviting successful filmmakers to pitch more projects.

Think of it as a conveyor belt of new films in every genre from action and drama to sci-fi and documentary, keeping the popcorn popping and the box office buzzing! It’s like the Netflix of indie film funding.

10. ParallaxDAO

Picture this: creators pitching film ideas to the ParallaxDAO community of cinephiles, who vote on which film should get the green light. Winning projects get the funding they need from this collective piggy bank.

Sure, off-chain film production needs a watchful eye, and that’s where the ParallaxDAO community steps in again. The final flick gets beamed right to the audience that backed it, with a transparent ticket-to-profit journey.

In this game-changing ecosystem, even creatives with zero access to funding can bring their ideas to life. And we’d call that an all-around win.

Featured image by Eric TERRADE on Unsplash