- April 21, 2022
- Posted by: admin
- Category: BitCoin, Blockchain, Cryptocurrency, Investments
Legendary filmmaker Ridley Scott will take the history of Ethereum to the big screen. Via his production company, Scott Free Productions will adapt Camila Russo’s book “The Infinite Machine” into a movie.
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Russo revealed the news on her personal Twitter account as she welcomed Scott into the ETHMovie project. In a career that spans decades and with multiple awards, Scott is known for directing some of the great classics of Science Fiction, including “Alien” and “Blade Runner”.
news is out!!
The GOAT Ridley Scott and his production company Scott Free, the makers of
Gladiator
Nominated for 80 Academy Awards
Will produce @ETHMovie The Infinite Machine movie!!!
WAGMAM ETHEREANS!!!
— Camila Russo (@CamiRusso) April 21, 2022
According to a post from Deadline, the film will be written and directed by Shyam Madiraju (Harami, 2020). In addition to Scott, the production will be managed by Tom Moran and Vera Meyer with Alejandro Miranda from Versus Entertainment, the post clarified.
Russo told Deadline the following as the materialization of her book to the big picture moves forward:
It’s incredibly exciting to have Ridley Scott and the crew at Scott Free produce the movie of The Infinite Machine alongside us. I can’t imagine a better team to turn the riveting story about the people behind the most revolutionary technology since the internet into a feature film that will capture the hearts of our generation.
The film will be partially funded with a community treasury, per its official website, via a Decentralized Autonomous Organization (DAO), and with traditional funding strategies. The intention of the project has been clear from the start: to “become a blockbuster movie for the mainstream”.
The Infinite Machine DAO launched an NFT collection, called Genesis, to support the project. The DAO itself is the movie’s executive producer. The proceeds of the sales will be distributed in two phases, the website explained. The first phase is the movie budget which is expected to be valued at $16 million.
The NFT collection sales will be equally distributed amongst the 36 intervening artists which will receive 22.5% of the budget. 10% will be sent to a community treasury pool to fund the DAO, and the 67.5% will be used for the movie.
Taking Ethereum To The Masses
In its second phase, the project will distribute 22.5% of the NFT sales to the artists, 25% to the collection core team and contributors, and 52.5% to the community pool. NFT holders can have active participation in the project as Associate Producers and will have a voice in future projects.
According to the ETHMovie official website:
The Infinite Machine movie will be the first of many productions, content and artists the DAO will support. The organization will be a vehicle for the Ethereum community to organize people and capital to continue funding content creators and artists.
At the time of writing, the collection reached over 100 Ethereum (ETH) in trading volume on the popular marketplace OpenSea. The movie is expected to begin shooting between Q3 2022 and Q1 next year with a potential release in 2023.
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As of press time, ETH’s price trades at $3,000 with a 2.5% loss in the last 24-hours.
