Podcast Summary
The podcast features a discussion with Leo Matchett, the co-founder of Decentralized Pictures. The podcast delves into how Decentralized Pictures is disrupting the movie industry by leveraging blockchain technology to democratize the filmmaking process. The platform allows the audience to decide what films get made, and it has already produced movies with renowned directors like Kevin Smith and Steven Soderberg.
Key Takeaways
- Decentralized Pictures’ Mission: The startup aims to give control of what to film to the audience, disrupting the traditional movie industry. They have already produced movies with Kevin Smith and Steven Soderberg.
- Use of Blockchain: The platform uses blockchain technology to ensure transparency and decentralization in the decision-making process. This includes decisions on film selection, casting, crew positions, and location selection.
- Incentivized Voting: Decentralized Pictures has an incentivized voting system where the community members can vote on various aspects of filmmaking. The platform covers the gas fees for all interactions within the application to encourage participation.
- TalentNet Blockchain: Decentralized Pictures has developed its own blockchain, TalentNet, a fork of the Tezos blockchain. This was done to ensure decentralization and to control gas prices, which could potentially disrupt their incentive model.
- Non-Profit Structure: Decentralized Pictures operates as a non-profit organization to stay true to its mission and the ethos of blockchain technology. This structure ensures that all funds are used to support the arts, specifically cinematic arts, and diverse voices in storytelling.
Sentiment Analysis
- Bullish: The podcast presents a bullish sentiment towards the application of blockchain technology in the film industry. The use of blockchain for decision-making processes in filmmaking is seen as a significant innovation that could democratize the industry and increase transparency.
- Neutral: There is a neutral sentiment towards the regulatory landscape. While acknowledging the existence of high-profile court cases and lawsuits in the blockchain space, Leo Matchett expresses confidence in the measures Decentralized Pictures has taken to adhere to legal advice and maintain a viable product.
- Bearish: No bearish sentiment was expressed in the podcast.
