On 9 December 2021, the Arabian Camels NFT community, which is widely regarded for revolutionizing the movie industry through NFTs, announced the launch of ‘Antara Movie NFT’. This NFT, which will be launched in collaboration with Swapp Protocol, will offer revolutionary use of NFT Farming. With this, the NFT holders will be able to obtain around 100% APY before the release of the movie.
The Anatara Movie NFT is going to be the first decentralized film production non-fungible tokens that will have DeFi capabilities. Swapp Protocol will help in accomplishing this by allowing the use of their DeFi (decentralized finance) products. What this will do is eliminate the monetary risks associated with the funding of movies. In this way, Arabian Camels and Swapp Protocol will revolutionize the way in which the movie industry functions. When the users buy an Antara Movie NFT, they will be able to get around 50% of the intellectual property right to the movie. The Antara Movie is a $50 million dollar film that is based on the life of an ancient Arabian knight called Antarah Ibn Shaddad. The movie will take the viewers through his life and adventures.
The producer of Antara, Alexander Amaratei, said in a recent interview that his goal was to create a better system to produce films in a risk-free manner. Besides eliminating the risks associated with funding, the system would make the fans the owners of the film. He added that this dream would not have been possible if it wasn’t for the NFT farming capabilities of Swapp.