Mumbai, Dec 15 (Agency) In an attempt to “revolutionize” the movie industry, NFT Community Arabian Camels and Swapp Protocol on Wednesday launched the “Antara Movie NFT,” which allows buyers to hold up to 50 percent Intellectual Property rights to “Antara”, a USS50 million feature film based on the life of Arabian knight Antarah Ibn Shaddad. Arabian Camels will partner with Swapp Protocol to produce the world’s first decentralized feature film production NFTs with DeFi capabilities.
The idea behind partnering with Swapp Protocol is to enable the use of their decentralized finance products to eliminate the monetary risk associated with movie funding. “My vision was to create a system to produce films that normally cost more than USD50M, completely risk-free,” said Alexander Amaratei, the Producer of Antara. “In addition to eliminating funding risks, this system would allow films to be owned by the fans and the NFT owners. This feat would not have been possible without Swapp’s innovative NFT Farming capabilities and blockchain/cryptocurrency knowledge and platforms.”