A group of US filmmakers is using bitcoin to crowdfund its documentary on the rise of the virtual currency.
"The Rise and Rise of Bitcoin," about a computer programmer obsessed with the virtual currency, explores the competitive mining market and the startups involved in the bitcoin community.
The movie is being produced by 44th Floor Productions, DARONIMAX Media and Fair Acres Media. The director is Nicolas Mross, who previously directed horror movie Riddle.
Putting their money where their mouth is, the filmmakers hope to help fund the production with bitcoins. A donation page on their website welcomes bitcoin payments, in addition to PayPal and credit card options.
"We clearly love bitcoins, but we're happy to accept fiat as well," the page notes.
The filmmakers are seeking donations via the movie's website in part because the crowdfunding community hasn't yet embraced bitcoin payments. Kickstarter, the largest crowdfunding platform, doesn’t accept the currency ... although bitcoin supporters have tried. Kickstarter has accepted some bitcoin-related projects, however.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
Learn more about Consensus 2023, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.