Web3 Technology

DNFT

DNFT


| Feb. 4, 2024, 10:52 a.m.

Techbank Movies London Introduces DNFT to Revitalize Film Industry Revenue Post-Covid

Techbank Movies London introduces Decentralised Non-Fungible Tokens (DNFT) as a new revenue avenue for the film industry post-Covid. Malayalam movie "Malaikotai Vaaliban" becomes the first film to leverage DNFT, allowing producers to monetize promotional content beyond traditional distribution channels. The technology, presented as a decentralized version of NFT, holds potential for increased revenue and international reach, connecting with the growing user base of web3 technology in India. Analysts advise caution, treating NFTs and DNFTs as digital merchandise rather than guaranteed investments.

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