0
0
Decentralized Pictures to Launch DCP+ Streaming Service
Decentralized Pictures, a blockchain-based film funding platform, is preparing to introduce its own in-app streaming service, DCP+, with a beta release expected in the near future. Co-founder Leo Matchett emphasizes the importance of providing filmmakers with a means to showcase their work globally and monetize it in a fair and transparent manner.
Decentralized Pictures plans to offer a streaming service that allows filmmakers to distribute their content free of charge, with on-chain, auditable, and immutable transactions. DCP+ will be seamlessly integrated into the platform, offering users the ability to rent films using FILMCredits tokens, which can be obtained through fiat purchases or community engagement activities such as reviewing scripts and trailers.
One of the innovative features of DCP+ is the ability for creators to outline a “cap table” using crypto wallet addresses. This process automatically distributes streaming revenue to equity holders based on their profit participation. Furthermore, users can earn rewards for reviewing content, with creators having the option to allocate a portion of revenues to reviewers, fostering a system of incentivized peer review to enhance content discovery.
Enhancing User Engagement and Content Moderation
Decentralized Pictures intends to create curated lists and encourage interaction by allowing users to follow “tastemakers” to discover new content. The platform also facilitates test screenings, where filmmakers contribute to a rewards pool to encourage engagement and feedback on their work. Additionally, uploaders will be required to pay a moderation fee, which goes to volunteer community members responsible for reviewing content for copyright infringements, illegal material, and adherence to community guidelines.
Matchett emphasizes that DCP+ is not positioned as a competitor to other Web3 streaming platforms, but rather as a public service initiative. Operating as a 501(c)(3) non-profit, Decentralized Pictures reinvests 100% of revenue back into the smart contract for distribution to rights holders. The platform’s goal is to support filmmakers and promote the creation of quality content through a transparent and sustainable ecosystem.
Decentralized Funding and Community Participation
Launched by filmmaker Roman Coppola, Decentralized Pictures utilizes a decentralized autonomous organization (DAO) model built on a Tezos blockchain fork known as T4L3NT Net. Users can acquire FILMcredits tokens through community engagement and stake them to vie for funding awards. A portion of profits generated from supported films is reinvested into the non-profit to fuel future funding initiatives.
Decentralized Pictures has already distributed substantial funding to filmmakers, with awards sponsored by renowned filmmakers like Steven Soderbergh and Kevin Smith. Through its unique approach to film funding and distribution, Decentralized Pictures aims to revolutionize the industry by empowering filmmakers, promoting community participation, and fostering a culture of transparency and collaboration.
Image/Photo credit: source url
