According to reports, the cast of this series is entirely Hollywood, with famous names such as Jane Fonda, Chris Rock and Ashton Kutcher. The addition of Buterin to this cast seems to complete the mission of the animated web series, which aims to strengthen the presence of the crypto world.
Specifically, the Ethereum founder will voice the taxidermy cat named Catsington.
But the most surprising thing is that in order to watch the first five-minute episode, viewers must purchase an NFT or Non-Fungible Token. Basically, these NFTs are the digital representation of artwork related to the show’s characters.
Not only that, as soon as they are made, NFT tickets will also be available, which can unlock all episodes of Stoner Cats.
The price of each NFT is 0.35 ETH, the equivalent of almost $750 at the time of writing.
This is true crypto crowdfunding using NFTs. In this regard, Morgan Beller, a general partner at venture firm NFX and a member of the team behind “Stoner Cats” defines such funding as a direct exchange between consumers and creators, cutting out the middlemen and, in some cases, offering some creative control to the consumers themselves.
Vitalik Buterin and the NFT-funded series
Beller also described how Buterin, who was involved after writing the script for Stoner Cats, is going about voicing his character.
“He doesn’t like cursing and his character said ‘fuck’ a few times, so he asked if they could change that and they were accomodating”.
However, the changes requested on set did not extend to the model created by the team. In fact, all of the cast, including the Russian programmer, will be paid equally in ETH, depending on the level of funding the project receives at NFT’s initial launch.
The team’s prediction is to reach at least 50% of its total funding target at the initial launch, represented by 10,420 NFT which would be the equivalent of approximately $7.5 million. If this were the case, the entire cast could earn half of this amount, without having to pay additional intermediaries.
In this sense, Beller concludes with:
“We see this as an opportunity to educate people [about crypto] and bring them into the fold. I personally think a lot of crypto resources are daunting. I think we need people and faces and voices that non-crypto people recognize and trust to start explaining these concepts. Even if this fails, we can make that happen”.
This new collaboration of the Russian programmer and co-founder of Ethereum aligns with his opinion expressed a few days ago at the fourth Ethereum Community Conference.
Buterin said that being defined by Decentralized Finance or DeFi is better than being defined by nothing, but Ethereum has to go further. Thereby, NFTs for crypto crowdfunding could be the desired beyond.