Movieplex and Cinema Libre team up to launch NFT film on OpenSea

Movieplex premiered at the Cannes Film Festival in May 2021 as a limited edition Founders Collection package of several film titles.

Movieplex has partnered with Cinema Libre to present NFT feature films on OpenSea.

In a press release issued Wednesday, collectible film platform Movieplex announced a partnership with specialty film studio Cinema Libre to present its “first” NFT feature film on OpenSea.

This film is part of a new collection in a new film category on NFT Marketplace.

In October, global film and entertainment company Warner Bros. partnered with web3 streaming platform Elbio to launch The Lord of the Rings: The Fellowship of the Rings.

The platform will allow anyone to verify ownership of each NFT film on OpenSea, creating a new category of NFT films in major NFT markets.

“NFTs are the future of movie watching,” said Philippe Diaz, founder, and president of Cinema Libre Studios.

NFTs create a unique link between filmmakers and viewers, and buyers are also part of the film’s distribution, which includes deleted scenes, interviews with actors and directors, festival reviews, and more. You can pick up your item with a press release.

Co-founder Garry Dolley, who helped develop Ramos’ Cinemaplex technology, adds, “Much more cost-effective than traditional streaming platforms. “