Kevin Smith to sell new movie as NFT

Anthony D’Alessandro reports on Deadline that Kevin Smith To Sell Horror Movie ‘Killroy Was Here’ As NFT.

Independent filmmaker Kevin Smith‘s feature “Killroy Was Here” is a horror anthology loosely based on the Kilroy was here graffiti phenomenon, sometimes described as one of the first memes.

D’Alessandro writes:

“Kevin Smith is looking to push the boundaries on indie distribution again and this time he’s auctioning off his latest horror feature anthology Killroy Was Here as an NFT (non-fungible token). The owner of the NFT will secure the rights to exhibit, distribute and stream the work, making it a means for whoever owns the movie to earn money outside of the blockchain.”

He quotes Smith as saying:

“As an indie artist, I’m always looking for a new platform through which to tell a story. And Crypto has the potential to provide that, while also intersecting with our almost 25 years of experience selling real world collectibles online and at the brick-and-mortar Jay and Silent Bob’s Secret Stash. Back in 1994, we took Clerks up to Sundance and sold it. Selling Killroy as an NFT feels very similar: whoever buys it could choose to monetize it traditionally, or simply own a film that nobody ever sees but them. We’re not trying to raise financing by selling NFT’s for a Killroy movie; the completed Killroy movie IS the NFT. And If this works, we suddenly have a new stage on which I and other, better artists than me can tell our stories.”

Check out the drop on April 21, 2021.

My take: to summarize: you write, finance and create a digital feature film, then evolve it into a unique digital item as an NFT and finally sell that for Etherium crypto-currency. Hmmm. It will be interesting to see who buys it, if they immediately resell it, if any buyer decides to hang on to it and whether they then attempt to monetize it through distribution theatrically or online through VOD or streaming or ??? Who knows? This is crazy shit!