Antara movie NFT to see producers give up 50% intellectual property to buyers
cnbctv18.comNFT Community Arabian Camels and Swapp Protocol have launched the “Antara Movie NFT,” which allows buyers to hold up to 50 percent intellectual property rights to “Antara,” a $50 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 decentralised feature film production non-fungible token (NFTs) with decentralised finance (DeFi) capabilities.
The idea behind partnering with Swapp Protocol is to enable decentralised 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 $50 million, completely risk-free,” said Alexander Amaratei, the producer
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