•Shibuya, an NFT platform co-founded by artist Emily “pplpleasr” Yang, raised $6.9 million in seed funding from Andreessen Horowitz and Variant Fund.
• The platform will expand its team and work to onboard creators to launch additional original video series.
• Shibuya uses Ethereum NFTs to fund and shape films with the goal of being the “A24 of Web3”.
• Pplpleasr believes that a decentralized video platform like Shibuya is essential for creatives to break from the traditional Hollywood machine.
With the rise of decentralized technology, a new era of creative collaboration has come to life. This is especially true in the film industry. That’s why Emily “pplpleasr” Yang co-founded Shibuya, a decentralized video platform and NFT marketplace for filmmakers. Recently, Shibuya raised $6.9 million in seed funding from Andreessen Horowitz and Variant Fund
Emily Yang’s Shibuya platform is changing the way we think about digital art, demonstrating serious faith in emerging technology and digital art movements. Through Shibuya, Yang hopes to bring mainstream attention to NFTs – giving creatives a new way to monetize their creations. With its powerful backers and state-of-the-art design, Shibuya is poised to revolutionize the digital art industry.
Expansion of Team and Onboarding of Creators
Shibuya is working hard to expand their team and onboard additional creators for their original video series. They have already signed with several major filmmakers such as Adam Denton (The Exorcist), Tyler Oakes (Get Out) and David Lowery (A Ghost Story). These filmmakers will be helping to create original video content on the platform which will be distributed via Ethereum NFTs.
Ethereum NFTs for Film Funding
Part of Shibuya’s goal is to become the “A24 of Web3” by using Ethereum NFTs to fund and shape films. This means that they are looking to use blockchain technology as a way to disrupt traditional Hollywood funding models by creating a more transparent system where creators can receive direct compensation from fans for their work. They plan on achieving this through the use of smart contracts which are programmed into an Ethereum Network so that payments are sent directly from fan to filmmaker with no middlemen involved.
Breaking from the Traditional Hollywood Machine
According to Emily “pplpleasr” Yang, decentralized video platforms such as Shibuya are essential for creatives who want to break away from the traditional Hollywood machine in order to gain control over their own work and its distribution. Furthermore, there are many advantages that come with a decentralized system such as increased transparency, reduced costs, and higher profit margins due to lower fees associated with transactions.
Shibuya is making great strides towards decentralizing film through Ethereum NFTs and breaking away from the traditional Hollywood machine. It will be interesting to see how they continue developing their platform in order to provide more opportunities for filmmakers while allowing fans greater access and control over content creation. By doing this, we believe that we can achieve greater fairness within our creative ecosystems while giving creatives more freedom over their artistry than ever before!
