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Braid, a psychological horror film screening at the Tribeca Film Festival, was financed by selling crytocurrency tokens.   
Braid  
  
  
Mitzi Peirone thanks God for cryptocurrency. Peirone's , a psychological horror flick screening at the Tribeca Film Festival this week, https://arrowheadinnovationfund.com/ touts itself as the first feature-length film funded by cryptocurrency. She considered more traditional ways of raising her budget on her own: pleading with family and friends for donations (and feel guilty about it, she said), or pitching a traditional studio, which requested she "dumb it down." "I was facing either seeing my creative freedom taken away and having to compromise on the story, or not having enough money to make it," Peirone said at a festival panel Monday discussing blockchain and cryptocurrency in film.So she instead offered blockchain-based tokens that promise a slice of the film's future profits. "Thank God we did," she s. Bitcoin's trading value had yet to crack about $3,000 but would go on to . But the idea, the filmmakers have said, is to create a profitable indie filmmaking industry, where creators can finance their films outside the studio system and retain artistic independence. "If we can enable independent artists to truly follow their hearts ... instead of having to fall back into pre-established algorithms of storytelling that we've heard and se  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
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