‘Blair Witch,’ ‘Host’ Filmmakers Launch $25,000 Web3 Horror Film Award

Web3 film funding platform Decentralized Photos (DCP) is teaming up with the makers of scare movies “The Blair Witch Project” and “Host” to begin a fundraising different for scare immediate filmmakers, with two separate grants of up to $25,000 up for grabs.

Decentralized Photos announced the award alongside ‘The Blair Witch Project’ co-director Eduardo Sanchez and ‘Host’ author-producer Jed Shepherd.

Based in 2021, Decentralized Photos is a project which mixes blockchain abilities and decentralized decision making to practice DAO governance constructions to film funding.

The platform enables neighborhood participants to vote on which movies they would admire to gaze get made, the employ of the project’s possess FILMCredits credit token, hosted on T4L3NT Safe, a Tezos-primarily primarily based blockchain created particularly for creatives.

Would-be Wes Cravens can pitch for the scare film funding by submitting a script of up to 20 pages, alongside realizing art and an now not significant introductory pitch video. Filmmakers dangle till February 28, 2025 to publish their entries.

The DCP neighborhood will vote on which projects will most likely be shortlisted for consideration by a panel of filmmaking mentors. They embrace Sanchez, Shepherd and DCP co-founder Roman Coppola, who co-wrote Wes Anderson’s movies “Asteroid Metropolis,” and “The French Dispatch” (and, more pertinently, served as 2nd unit director on his father Francis Ford Coppola’s “Bram Stoker’s Dracula,” overseeing the film’s retro computer graphics).

The winners will additionally procure guidance for the length of the manufacturing process from Sanchez, Shepherd and Coppola, who will serve the winning filmmaker partner with scare manufacturing corporations with a stare to the employ of the accomplished immediate film as a proof of realizing for a feature.

What’s Decentralized Photos?

DCP became once co-primarily based by Roman Coppola and executives from American Zoetrope, the objective film company began by “The Godfather” director Francis Ford Coppola.

Unlike neighborhood funding platforms similar to Crowdfunding, Decentralized Photos doesn’t set aside a ask to neighborhood participants for money straight away. As an different the platform reimburses customers for taking portion within the neighborhood by providing rankings, opinions and feedback with a crypto token, FILMCredits.

FILMCredits would possibly honest additionally be spent within the platform to imply projects for awards, or to vote on projects beneath consideration.

DCP co-founder Mike Musante told Decrypt in 2021 that he hoped the crypto-powered platform would serve objective filmmakers navigate an ambiance where funding would possibly honest additionally be laborious to cease again by for new projects with minimal substitute connections.

“Most places don’t take unsolicited submissions, so as to get of us to correct learn your project, despite the indisputable truth that it be mammoth, is exceedingly complex—yet again, until you understand of us or you may dangle got some special inner data,” he explained.

In a 2023 interview with Decrypt, DCP co-founder Roman Coppola argued that “a new Tarantino or a new Kubrick,” would possibly emerge from the Web3 filmmaking world, including that, “We desire to elevate filmmaking instruments, contacts, and wait on to of us who need their voices to be heard.”

Old successes

DCP has already helped masses of movies develop fundamental amounts of money with the serve of successfully-known substitute names.

“Holy Smokes”, a Latin-themed comedy immediate, became once the recipient of a $40,000 Comedy Screenplay Award backed by “Clerks” and “Dogma” director Kevin Smith.

“Ocean’s Eleven” director Steven Soderbergh sponsored a $300,000 film fund on the platform, which has to this point supplied two awards of $100,000 in completion funding to two movies, crypto vigilante thriller “Cool Wallet” and NFT-funded social satire “Calladita” (aka “The Peaceable Maid”).