In this episode of the Thoughtful Entrepreneur, your host Josh Elledge speaks to Earl Flormata, who runs marketing operations at Mogul Productions.
Earl shares that he was raised in computer science and has been programming since he was five years old. By the time he was 25, he had been programming for 20 years. At that point, he realized he wanted a career change, so he turned his attention toward marketing and sales and never looked back. He's been marketing for 20 years since and couldn’t be happier!
Mogul Productions is a community based around the entertainment industry. They help artists, music creators, entertainers, and movies find funding and audiences for their work. They help these artists convert their work to the NFT/crypto space so it can eventually be put to market. Earl explains that much of the media and content Mogul Productions helps to put to market is very unique and highly creative because it breaks from the mold of mainstream media. This allows their users to let their creativity shine through and stand out, rather than conform for the sake of funding.
An NFT is a non-fungible token. An NFT is proof that you own an irreplaceable item of some sort. For example, you can own an NFT that represents ownership of a famous dress or pop culture item. Those who buy NFTs want to be part of something bigger than themselves and wish to support the artists they want to purchase the tokens from, Earl explains.
Anyone can make an NFT in theory, but you have to own the license in question in order to sell the NFT. These tokens have to be acquired from a reliable source with access to these licenses, Earl says. The structure behind this crypto phenomenon is decentralization. If all of this lived in one database, it would be highly susceptible to cyber-attacks. This decentralization comes in the place of the blockchain across millions of computers, which is also what maintains the valuation of the NFTs.
Mogul Productions sell NFTs that equate to production rights and ownership in films as one of their services, which also in turn helps to fund the production of the film directly. If you’re an artist looking to launch your film, album, piece of art, or other creative venture, reach out to the team at Mogul Productions to see if the NFT space is the funding solution for you.