- Calladita, a new film, is declared the winner of the Andrews/Bernard Award.
- The team of the film has financed the film by using NFTs.
- American film director Steven Soderbergh was interested to see if blockchain film financing really works for Calladita.
Director Miguel Faus’ new film Calladita has been named the winner of the Andrews/Bernard Award. Created by renowned director Steven Soderbergh and Decentralized Pictures, the award offers $300,000 in finishing funds for remarkable English shorts and films for a maximum of three filmmakers.
After winning the award, Faus said that winning the award from Soderbergh is nothing less than a dream come true for him, the team at Calladita, and the community. Adding on, he shared that he thinks that Film3 is independent cinema’s future, and it is because of this that Calladita exists.
In the film’s description, Faus wrote that it is based on themes of differences in class as well as injustice from a strong and sophisticated point of view. Calladita’s team has financed the film by utilizing non-fungible tokens.
Faus shared that the film began as an insane idea that he might fund his first feature via an NFT collection. A few months later, 500 degens not only showed belief in them but also minted their NFTs, and the movie was made.
Legend Steven Soderbergh just gave us a Completion Funds award for our film CALLADITA at Sundance.— miguel faus.eth 🎥 CALLADITA FILM 🔮 (@miguelfaus) January 21, 2023
HUGE thanks to @DCP_Foundation, our whole cast & crew, and the 500+ degens that made this film possible. pic.twitter.com/Br8DFmlAzc
Leo Matchett, Decentralized Pictures co-founder, said that blockchain not only allows one to determine who is the most worthy of the offered financing but it also has an incentivized behavior mechanism that is built inside it.
Matchett was joined by Decentralized Pictures co-founder Mike Musante and president of Lamina1, Rebecca Barkin.
Musante said that the usage of tokens goes back to the question of how to make individuals vote and how to make them spend time for project reviews. Considering this, they developed a token that works as an incentive and convinces people to vote.
Decentralized Pictures is a blockchain-dependent platform that allows filmmakers to submit film related pitches. Soderbergh funded the $300,000 grant in April 2022 on the platform.