September 29, 2021
Global NFT (non-fungible token) distribution and viewing platform Vuele grossed nearly six figures with the feature film Zero Contact, according to the company.
Vuele brought in 32.86267 ETH (Ether cryptocurrency) or $93,435 with the release of 11 NFT “drops” of the thriller starring Oscar-winner Anthony Hopkins. The “Platinum Edition” NFT drop alone sold for 20 ETH ($56,860).
Zero Contact is the first feature film NFT distributed by Vuele.
The “NFT drops mark an incredible new step for the feature film distribution industry as well as film collecting and fan engagement,” according to a company press release.
“In just these few short days, we’ve seen a community form around our film, enhanced fan engagement, and also proved a new revenue stream in the industry. We think this is groundbreaking,” Rick Dugdale, co-founder of Vuele and director-producer of the film, said in a statement. “Our goal was to earn the respect of the NFT space in order for us to create staying power and help blaze a new path for filmmakers. Not only is this now a proven distribution model, but we will be able to create new film financing structures moving forward.”
Each winning NFT allows the lucky winner to be edited into the film with a personal Zero Contact shoot and edit. In addition, each winner receives signed digital artwork of the film poster, the “making of” the film, Crypto Generative Art by REMO x Dcsan and a Vuele “Golden Ticket.” The “Platinum” one of one winner also receives a walk-on role in the Zero Contact Universe.