Aspiring Filmmakers with Leo Matchett

Today’s guest on The Fortune Teller podcast is Leo Matchett, Co-Founder and CEO of Decentralized Pictures (DCP). Decentralized Pictures is a 501c(3) nonprofit organization with the idea that artistic talent may be discovered innovatively. Through user consensus, Decentralized Pictures has set up a democratic film fund, an online community of creatives, film-fans, and industry professionals who choose who is most deserving of our support. One can submit their idea, and if the community agrees, we will help you make it. We will help finance it, and introduce you to the people who will help you execute it professionally. Decentralized Pictures discovers great talent and curates content.

DCP will offer awards to winners in the user community. Competitions with various levels of financing awards will initially be offered for proposed documentaries with social impact.

Users will review and rate those proposals, providing opinions to help determine the winner(s) of each award. Further, finalists and winners will be matched with DCP’s network of industry partners that will assist these aspiring filmmakers in realizing their films and launching their careers. An open-door policy and the chance for anyone to prove themselves on talent, vision, and sweat alone is what DCP is all about.

Through our platform currency, FILMCredits, and powered by incentive mechanisms, our ecosystem enables decentralized participation, crowdsourced curation and, eventually, autonomous financing. As such, it creates an alternative to the traditional system that defines the film industry today. We feel that giving access to those who deserve it, will inspire and empower a new generation of artists.

Due to various regulatory bodies, every user undergoes Know Your Customer (KYC). This allows you to be sure that every community member is a real person and that their vote is legitimate.

The aforementioned FILMCredits are fuel for the platform. Users can stake them on their favorite projects, pay others to review their own submissions as a bounty, or simply purchase entry vouchers to pay for application fees for various creative financing rewards.

Submission fees help to incentivize our community to read, rate, and review your project! The submission fee will be divvied up amongst the reviewers based on accuracy, stake, reputation, and timing of the review.

Film revenues are divided into various pools. DCP acts as the financier, and all the net revenue recouped in this pool will go o the film fund for future financing rewards. As for the winner, depending on whether they are a producer of the film and contracts for a share of this pool, they may share in the producers’ pool.

For more about Decentralized Pictures, visit: https://decentralized.pictures

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The Fortune Teller podcast is a discussion between industry leaders in blockchain and financial technologies. The podcast focuses on the development of blockchain-based financial services and outlines the current state of the industry and future predictions for the adoption of decentralized finance. Go to www.teller.finance/