31 March 2022

Solis is commencing its partnership with a co-financing agreement with Maurice Fadida’s Kodiak Pictures for a lineup of genre films with Eric B. Fleischman’s Defiant Studios. This slate signals the onset of Solis Studios’ endeavor to use blockchain technology’s potential to uncover new opportunities for feature films.

Due to the fact that it is the first NFT marketplace and token-based firm to establish a substantial foothold in the Hollywood sector, Solis is a pioneering initiative. The overall structure of Solis is a multi-company network for intellectual property development, distribution, and monetization that uses its own token to link Hollywood talent and selected content to the rest of the world organically, through the first entertainment industry-focused tokenized ecosystem and Web 3.0 decentralized NFT marketplace.

With the goal of increasing the worldwide blockchain gaming as well as the NFT sectors while also bridging the Web 2.0 and Web 3.0 gap via investment, marketing, and developer assistance, Polygon Studios is a branch of Polygon dedicated to gaming and NFTs. So far, the Polygon ecosystem has evolved to include well-known games and non-fiction items like as OpenSea, Upshot, Decentral Games, Neon District, Aavegotchi, Zed Run, Skyweaver by Horizon Games, Decentraland, Megacryptopolis, and Cometh.

In order to maximize the potential of the initiative, Solis has united its forces with Polygon Studios. De Kauwe, co-founder of Solis Studios, explains that “Polygon’s visionary and robust Web3 solutions are the perfect foundation for us to continue to develop our exciting entertainment ecosystem for content creators and audiences.”

Solis Labs leverages NFT and DeFi technology to enable the financing, production, and monetization of content and associated intellectual property for a novel generation of digital producers. These actions on the IPFS powers distributed Web will be sustained by cross-chain interoperability facilitated by the high-performance network Proof of Stake Authority (PoSA), in conjunction with eco-friendly, cheap transactions, that are approximately 1/100th of gas cost. Furthermore, the platform will offer layer 2 scalability, significant bandwidth saving at around 60% for video materials.

As part of this endeavor, they will leverage the use of tokens, content, and a marketplace to connect artists to a global audience to democratize their opportunity to invest in the content and art that they find most appealing. This culminates with the launch of a self-sustaining ecosystem that enables the world to create and participate on a scale never seen before.

Overall, Solis Marketplace offers highly sought-after NFTs to access unique and rare Hollywood content, experiences, and items. Moreover, this Marketplace will provide ‘royalty-backed’ and fractionalized NFTs, offering audiences and producers alike access to Solis’ income.

Audiences and producers alike will gain access to Solis’ revenue distribution. Not only will they be able to aid in the greenlighting of projects via direct investments, but they will have the opportunity to participate in the revenues and even have executive and directorial control over the tales being presented

Solis’ token serves as the foundation for a digital suite that will enable artists and their communities to connect, produce, interact, and participate in the material that matters most to them. Moving forward, owners will have access to a plethora of opportunities, including the Perpetual secondary NFT sales revenue, collect royalties, access DeFi applications, store their NFTs, earn Solis tokens and participate in NFT airdrops.

Collaborative efforts are essential for Solis Labs, which liaises with their established network of actors, producers, directors, singers, and artists to construct IP, which serves as the inspiration for a worldwide community of dreamers to dream greater than they have ever dared to imagine.

According to the demands of their customers and the latest technical developments, Solis will guarantee scalable and inventive improvements to the blockchain platform. In addition, the members of Solis will have access to the production of unique smart contracts, as well as the possibility to participate in value incentive staking activities.

Stay up to date with the latest developments of Solis by visiting their website here.

Source:
https://disruptmagazine.com/solis-introduces-the-worlds-first-film-nft-marketplace