SA Film Two Hues Becomes Africa’s First NFT Funded Feature Film
Johannesburg 10 February 2022 – Cape Town based production company, Tribal Alchemy productions prides itself on being at the forefront of innovation and story-telling excellence. The production company is launching their feature film, Two Hues on the NFT market in time for their pitch at the Berlinale, European Film Market.
Two Hues is Africa’s first feature film project to be funded in the NFT space. It is currently hosted on the cost-effective polygon block chain, with low gas fees. For those who are not yet in the crypto and block chain space, they can purchase the NFT with a credit card on www.tribalalchemy.co.za
Tribal Alchemy productions is headed by Weaam Williams and Nafia Kocks. The two both wear many hats in the industry, Weaam as a screenwriter, director, actor and producer. Nafia a cinematographer, editor and graphic designer. South African producer, Kethiwe Ngcobo, from Fuzebox Entertainment, is a co-producer on this project. She has many years of experience as the Head of Drama at the South African national broadcaster, as well as three feature films under her belt.
The micro budget proof of concept indie short film, Two Hues, garnered five awards and twelve official selections during its festival run in 2021, including Best Lead Actress and Best Women Empowerment Film from Berlin Short Film Festival.
Two Hues feature film script is complete and has generated impressive box office statistics, in proportion to its budget, country of origin and cast. Weaam is set to continue to play the lead for the feature film, however, the director for the project is to be confirmed.
“I am in conversation with a few directors from South Africa, however, at the moment I am leaving the space open for the market-place as I am also willing to work with a director from another country.”
The Box office stats were acquired using largo.ai, a program which ingests the screenplay and film details to generate box office statistics. Weaam is currently selected amongst 20 filmmakers world-wide to participate in the largo.ai program, developed by a Swiss company and is supported by Google, Variety and several other Swiss donors.
She will pitch Two Hues for the first time at the Berlinale European Film Market, on Friday 11th February 2022 with largo.ai to an audience of studio representatives, financiers and distributors. The NFT launch is taking place simultaneously to allow for the public to get involved in this new frontier. The first round of NFT collections allows for holders to be added to the whitelist, one NFT buys you access to the premiere of the feature film before it hits the festival circuit/ box office, a downloadable version of the short, and downloadable version of the trailer for the feature when available. Tribal Alchemy Productions will also launch a voting poll for NFT holders, to participate in the creative process.
“There are many members of the public who wish to support my work and participate in the process. Here is an opportunity to support me as I venture to be among the pioneers of African film in the NFT space.” says Weaam.
The NFT costs ETH 0.025 which equates $77.50 or R1221 on 10th February 2022. 100 NFT’s will give you access to the script, as well as a producer credit.
The NFT system is revolutionary as it democratizes art, and puts more power in the hands of creators and their supporters, without onerous grant systems. It allows for transparent investment opportunity into cinema, with a smart contract deployed in the block chain.
“I am excited beyond measure with the opportunity this space presents to filmmakers, particular those on the African continent” expresses Weaam.
TOKENOMICS
The crypto market fluctuates, hence these prices are dated at 9th February 2022, and the first NFT run will be for a month given the changing market conditions and closes on 11th March.
The film’s budget is $3 500 000 with a print and advertising budget of $8 000 000 for box office release in four territories, Germany, UK, Australia and France.
The total forecasted gross return on this in these four countries of release is $33M.
There are rare NFT’s for investment, of which 20 are available at $550 000 for five percent of the box office revenue in the four countries of release. The gross return forecast on a 5% share is $ 1.65M.
Connect with Weaam Williams:
Facebook: Weaam Williams
Twitter: @WeaamWilliams
Instagram: @weaam.taproductions
Company: https://tribalalchemy.co.za/
Contact:
For press enquiries – [email protected] / 0783567367 /