Hollywood goes crypto: The Coppola family leads a project to decentralize film financing

Crypto adoption seems to be quickly expanding to the mainstream, and the film and entertainment sectors are taking notice. Per a report by IndieWire, the famous film family Coppola is leading a project that could change the way movie projects received funding.

Created as a nonprofit organization, Decentralized Pictures was co-founded by Roman Coppola, Leo Matchett, and Michael Musante. The project’s board is led by acclaimed filmmakers Sofia and Gia Coppola.

To be launch during the fall, 2021, the project has the objective of supporting independent filmmaking. Thus, it will be structured as a “democratic” film fund with an online community composed of fans, industry professionals, and others.

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