Explainer: what are NFTs and how do they work for films?

Confused? Don't be. NFTs are likely here to stay, not least in the film and TV industry. Let us explain ...
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Chances are you’ve heard tell of non-fungible tokens, or NFTs for short. But hearing the term doesn’t necessarily equate to understanding what NFTs actually are or what one’s supposed to do with them.

The reality is that NFTs are most likely here to stay, and their applications are rapidly expanding. That includes an enthusiastic uptake in the art world, where NFTs have helped creatives get their work out to the masses without sacrificing a huge cut to bricks and mortar galleries. It was only a matter of time before indie filmmakers realised NFTs could also help get a movie without wrangling with studios, distributors and exhibitors.

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