Doing an ICO for a movie? The Screenplay is your White Paper.
ethereum·@bradvanceauthor·
0.000 HBDDoing an ICO for a movie? The Screenplay is your White Paper.
<html> <p> Movie and TV ICOs are missing the critical element: </p> <h3><em><strong>The script. </strong></em></h3> <p><a href="https://21millioncoins.slack.com">The ICO for 21millioncoins’s TV show</a> has a premise on their website, but there’s no script yet. <a href="https://campaign.braidthemovie.com/">The horror movie <em>Braid</em></a> has a trailer, and possibly a finished screenplay, but no way to read it on their ICO website. Even SingularDTV, which is staffed by film industry professionals and seems likely to succeed as a content hosting site, is promoting their TV show, <em>Singularity,</em> <a href="https://youtu.be/9VqcF2HbnW4">with a video</a> that offers a comprehensive look at the tech that will be part of the story. But, only at the end, do they say that the story will be “character driven”… over a satellite image of a van blowing up. </p> <p><em>All of these startups are attempting an ICO without offering potential investors the most important piece of information: </em></p> <h3><em>The Screenplay is your White Paper. </em></h3> <p>It’s how we know whether or not this is going to be a wise investment. No movie studio would greenlight a picture without a script. A successful screenwriter can walk in with a pitch, and get paid to write the screenplay, but until the studio’s seen the end product, there’s no money for the movie. </p> <h3>Because a bad screenplay means a bad movie. </h3> <p>And a bad movie is a terrible investment. Asking people to invest in a movie ICO without a screenplay available to read is like asking people to invest in a financial ICO without a white paper or business model. </p> <h2>IP theft simply isn’t an issue anymore with screenplays. </h2> <p>Once upon a time, sure. You’d send your script to Some Guy, who’d reject it, and then next thing you know, he’s made your movie without your seeing a dime or a credit. But now, many would-be screenwriters post their work <em>everywhere</em> for feedback: Reddit’s /r/screenwriting, the Black List, Script Revolution, and many more sites. This gets eyes on your work, and it gets you valuable feedback from pros <em>before</em> you submit to an agent (or in this case an investor). </p> <p>TLDR? </p> <h3>Don’t invest in a creative idea that “sounds good” without knowing what you’re really buying. THE FIRST DRAFT, at least, of the screenplay of movie they want you to fund. </h3> </html>