Posted: February 2, 2024 12:00 PM Updated: February 2, 2024 10:42 AM
Correction and fact check date: February 2, 2024, 12:00 PM
briefly
Pattern Integrity Films transitioned from the GameStop NFT Market to Theta Network to scale its NFT project and distribute its decentralized films.
Pattern Integrity Films, a two-time Webby Award-winning indie film studio, announced its transition from the GameStop NFT Marketplace to ThetaDrop and Theta Web3 Theater.
This move comes as GameStop recently announced the closure of its NFT marketplace. The decision was communicated through an official statement from the platform, citing “ongoing regulatory uncertainty in the cryptocurrency space” as the primary reason for the move.
Pattern Integrity’s transition opens up new opportunities for companies to expand their reach and connect with a wider audience through Theta Network’s technology. Theta’s Web3 Theater product and patented digital video rights management will provide studios with unprecedented opportunities to showcase their unique content to audiences around the world.
“The Theta Network provides a specialized blockchain geared toward media and entertainment, with a strong focus on community engagement. This change will allow us to significantly enhance our film distribution capabilities by leveraging Theta’s digital rights management technology and leveraging Theta Theater for film distribution,” said Kristen Kingsbury, filmmaker at Pattern Integrity Films, in Metaverse Post. said to
Kingsbury added that Theta’s digital video rights management solves the complex challenges facing rights management in distributed environments and Web3 content protection, allowing them to focus more on creating unique and engaging content for their audiences.
Pattern Integrity Films has found success with its NFT collections on the GameStop NFT Marketplace, particularly the “The Pigs of Film3” and “The JPiGS of Production” collections. The collection includes limited edition NFTs and immersive experiences related to the making of the film.
Holders of Pattern Integrity Films’ NFTs will be rewarded with credits in the studio’s docuseries “PROCESS,” which follows the creative journeys of individuals across a variety of industries. The series features notable characters such as Raiden Gorby and Bootie Brown.
Pattern Integrity Films Strengthens Film3 Presence with Theta Network
With the GameStop NFT marketplace officially closing on February 2, 2024, Pattern Integrity Films is now exploring new horizons with the Theta network. This move opens up the possibility for more innovative NFT collections and collaborations and solidifies Film3’s position in the industry.
“We were already considering moving to Web3 and Theta Network, a hub for everything related to film. Theta’s ability to work cross-chain is a huge advantage. This means the transition was smooth and there were no slowdowns. More importantly, our partnership with Theta Network allows us to reach a wider audience in the emerging world of Web3 media and entertainment,” said Kristen Kingsbury of Pattern Integrity Films.
“We see this move as a pivotal step in expanding our Film3 venture, leveraging Theta’s extensive network to bring our unique film experience to more people.”
Over the years, Theta Labs has collaborated with leaders in the next-generation entertainment industry, including The Squad, Bingeable, Toonstar, and CYKO KO.
Andrea Berry, head of business development at Theta Labs, told Metaverse Post: “One of our proudest initiatives was the Metacannes Film3 Festival, a unique event organized and led by The Squad and Theta Labs during the 76th Cannes Film Festival. “It brings this exciting innovation to the forefront at one of the most prestigious events in film.”
“This festival truly demonstrates the openness and collaborative spirit of the Web3 industry and unites creative minds from around the world.”
The studio is also leveraging Theta’s technology and network to collaborate with Bootie Brown and Will Smillie on new media projects. Additionally, exclusive passes are planned for the community that will grant movie credits and token gated access to the Theta Web3 Theater.
Talking about the partnership, Berry said it is an important part of their mission to bring the Film3 experience to a wider audience.
“Our main goal has always been to support creators and provide them with a platform to showcase their incredible work,” she added. “Theta is gearing up to unlock more Film3 opportunities soon, and while we can’t share details just yet, we look forward to more initiatives that will further enrich the Film3 experience and community.”
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About the author
Kumar is an experienced technology journalist specializing in the dynamic intersection of emerging fields including AI/ML, marketing technology, cryptocurrency, blockchain, and NFTs. With over three years of experience in the industry, Kumar has established a proven track record in crafting compelling narratives, conducting insightful interviews, and providing comprehensive insights. Kumar’s expertise lies in producing impactful content, including articles, reports and research publications for prominent industry platforms. With a unique skill at combining technical knowledge and storytelling, Kumar excels at communicating complex technical concepts in a clear and engaging way to diverse audiences.
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Kumar is an experienced technology journalist specializing in the dynamic intersection of emerging fields including AI/ML, marketing technology, cryptocurrency, blockchain, and NFTs. With over three years of experience in the industry, Kumar has established a proven track record in crafting compelling narratives, conducting insightful interviews, and providing comprehensive insights. Kumar’s expertise lies in producing impactful content, including articles, reports and research publications for prominent industry platforms. With a unique skill at combining technical knowledge and storytelling, Kumar excels at communicating complex technical concepts in a clear and engaging way to diverse audiences.