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Crypto Daily 2023-06-22 11:05:00

DAO-Funded Movie Featuring “Nouns” NFT Collection

A leading Web3 creative studio has created the first animated film funded by a Decentralized Autonomous Organization (DAO) featuring non-fungible tokens (NFT). First Animated Film Funded By DAO In a groundbreaking move highlighting the growing influence of decentralized finance and blockchain technology, Atrium, a leading Web3 creative studio, has released the pilot episode of its highly anticipated animated series, "Nouns: A Movie." What sets this project apart is that it was entirely funded by a decentralized autonomous organization (DAO), marking a significant milestone in the integration of blockchain and the entertainment industry. In March, the NounsDAO community approved a proposal to provide funding for the film. The approval was followed soon by a team of talented Atrium creatives, including William Yu, HKJay, Zen Doubt, 3DPrint Guy, and Meta Ent, coming together to write, produce, and animate the film. Notably, the entire movie production is being handled by a fully remote team, resulting in accelerated processes that would typically span several months and a much lower budget than required by traditional methods. First Episode Dropped The pilot episode of "Nouns" was made possible through a partnership between Atrium and Nouns DAO, a pioneering decentralized organization focused on promoting and supporting digital art initiatives. The collaboration aimed to explore new avenues for creativity and funding, leveraging the power of blockchain and the vibrant NFT ecosystem. The episode features characters from the Nouns NFT collection and introduces viewers to a captivating world where our young protagonist, Noun, along with his motley crew, embarks on an adventure to thwart malevolent forces. NounsDAO Partnered With Atrium Atrium, renowned for its expertise in the Web3 space, provided the technical infrastructure and creative vision necessary to bring the "Nouns" pilot episode to life. The studio's commitment to pushing the boundaries of digital art and storytelling has resonated strongly with the blockchain community. According to Supriyo Roy, the founder and CEO of Atrium, the open-source nature of the Nouns project provided the film's creators with complete freedom to develop a comprehensive world and storyline for the 8-bit characters without any constraints. "There is no canon. Nouns are an infinite brand machine. There is no official top-down directive of how things should be done." A New Funding Model In Entertainment The funding model behind the "Nouns" movie pilot episode demonstrates the disruptive potential of DAOs in the entertainment industry. The project has a total budget of $2.75 million, given in installments provided the team meets its goals. Through a combination of community voting and decentralized decision-making, the Nouns DAO allocates resources and determines the direction of the movie's production. As the Web3 ecosystem continues to evolve, it is clear that blockchain technology is reshaping the entertainment landscape. Through projects like "Nouns," the potential of decentralized finance and blockchain in revolutionizing traditional industries becomes increasingly apparent, promising a future where creativity and innovation are more accessible and collaborative than ever before. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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