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11/07/2023

Fabstir Unveils Vision To Democratise Film And Media Market

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Fabstir, a groundbreaking platform leveraging Web3 technologies, has announced a vision to transform the film and media industry by democratizing the network of value.

Led by Jules Lai, CTO of Fabstir, the platform aims to revolutionize the way films are funded, distributed, and monetized, empowering filmmakers, content providers, investors, and fans like never before.

In an era dominated by streaming subscription services, the media industry has witnessed a centralization of power and information. Traditional distributors, sales agents, and producers have struggled to access the detailed viewer information possessed by streaming platforms, hampering their ability to optimize their business and plan for the future. This inefficient market distribution has resulted in an unequal distribution of revenue, with streaming giants commanding the lion's share.

Fabstir seeks to shift the paradigm by harnessing the potential of Web3 technologies and transitioning the industry to the 'internet of value.' This concept envisions an environment where money, assets, and other forms of value can be exchanged instantly, without the need for intermediaries.

Fabstir plans to introduce a host of Web3 features that will drive a more inclusive and transparent film and media market:
1. Direct Funding and Investment: Fabstir's tokenization approach enables filmmakers to raise funds by selling tokens representing a stake in their projects. This democratic and inclusive investment process allows supporters to have a direct impact on the films they believe in.
2. Rights Management and Royalties: Smart contracts streamline rights management and royalty distribution, ensuring transparency in ownership and accurate royalty payments whenever a film is viewed or bought. Tokenized film rights provide creators with more control over their work.
3. Decentralized Distribution: Fabstir empowers filmmakers and content providers to distribute directly to audiences, bypassing traditional channels. By leveraging blockchain technology, Fabstir facilitates decentralization, leading to fairer compensation for content providers and reduced costs for consumers.
4. Authenticity and Scarcity with NFTs: Fabstir embraces non-fungible tokens (NFTs) to certify the authenticity and uniqueness of digital assets, creating valuable digital collectibles and limited edition merchandise linked to films.
5. Fan Engagement and Governance: Fabstir encourages fan engagement by enabling direct donations and tipping to filmmakers. Tokenization provides an opportunity for fans to influence film aspects based on their token holdings, fostering a sense of investment in a project's success.

Launching on Social Media
After carefully exploring a few social media channels a while back, Fabstir will be launching its social media presence today.

In an era dominated by streaming subscription services, Fabstir aims to democratize the network of value and provide a more inclusive and transparent market for filmmakers, content providers, investors, and fans. By leveraging social media platforms such as Twitter, Instagram, Facebook, and film-specific platforms like Stage32 and Cinando, Fabstir will effectively communicate its mission, engage with its target audience, and create awareness about the platform's groundbreaking features.

Through social media, Fabstir can foster a community of film enthusiasts, provide updates on its progress, and invite journalists, bloggers, vloggers, and influencers to be part of its transformative journey. Social media will play a pivotal role in Fabstir's mission to redefine the future of film and media by embracing the possibilities offered by Web3 technologies.

By utilizing 'smart contracts', Fabstir brings automation and interoperability to the film industry. Revenue can be instantly and automatically split between financial backers, content creators, and content providers according to pre-agreed rates, ensuring fair and transparent compensation.

The Internet of Value represents a transformation of the internet itself, shifting from a platform for exchanging information to one that facilitates the instantaneous, affordable, and equitable exchange of value. Fabstir's mission is to democratize film and media market operations, delivering transparency, efficiency, and inclusivity to content providers, creators, investors, and fans.

Fabstir invites journalists, bloggers, vloggers, and influencers to be a part of this transformative journey. To experience the Fabstir platform firsthand, we are offering trial access, guided online tours, and interview opportunities with Jules Lai, CTO of Fabstir. Witness the power of Web3 technologies and explore the possibilities of a democratized film and media market.

To request a trial, a guided online tour, or an interview, please contact our media relations team at [contact email]. For more information about Fabstir, visit our website at www.fabstir.com.

VMI.TV Ltd

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