In Peter's last episode, he discussed an example of what’s wrong in the NFT world from the creative community’s perspective - specifically, OpenSea’s prioritization of buyers and sellers over the Creators that built the value of its marketplace in the first place. But in this episode, Peter points to a major Hollywood example of what’s being done “right” and showcases the transformational possibilities uniquely enabled by Web3 and token-gated "digital tickets" (just don't call them "NFTs"!).
Specifically, today March 15th, 2023, token-gated tickets go on sale exclusively on Web3 “chat Super App” OP3N to American Idol creator Simon Fuller’s new motion picture musical titled “The Musical: Welcome To The Night Of Your Life!,” which features his international pop super group Now United. Now United’s rabid fans – significant numbers of whom live in Brazil - will be able to choose amongst three tiers of tickets, each of which unlocks different levels of additional value and experiences. Those fans will then exclusively access the film, soundtrack, and additional benefits exclusively on OP3N.
This is a big deal for the entertainment world of film, television and music for several reasons, which Peter lays out.
As always, you can reach out to Peter at peter@creativemedia.biz. Also check out his media-tech legal services and business advisory firm Creative Media. And follow him on Twitter @pcsathy.
Reach out to host Peter Csathy at peter@creativemedia.biz and follow him on Twitter @pcsathy. Also, check out Peter's entertainment, media and tech-focused legal services and business advisory firm Creative Media. You can also sign up for his free newsletters on Substack - "Fearless Media" (all about the future of entertainment, media and tech) and "AI & NFT Legal Update & Litigation Scorecard" (all about the key legal and business issues and cases to track in the ever-evolving worlds of AI and Web3).
Hollywood NFTs Done Right: Simon Fuller Releases Major Musical Film Exclusively on OP3N Web3 Chat "Super App"