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Russell Crowe fighting in Boxing Biotic, Prizefighter
Russell Crowe fighting in Boxing Biotic, Prizefighter

Russell Crowe’s Prizefighter: How NFTs let $100 investors fund movies

Crypto film funding has hit Hollywood, with the latest blockbuster starring Russell Crowe, Ray Winstone and Matt Hookings being part-financed with pre-sale NFTs.

This week's episode of The Crypto Mile has dissected this new 'crypto-wave' of filmmaking, that promises to disrupt how movies are financed, distributed and exhibited, and could turn the Hollywood industry on its head.

Prizefighter: The Life of Jem Belcher was partly funded using NFTs that lower the barrier of entry into the world of film financing and allow anyone to become an investor in the movie business.

The British-American boxing biopic was released this week on Amazon Prime (AMZN) and was written and produced by Matt Hookings, who also plays the lead role of Jem Belcher who became the youngest ever boxing world champion.

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