Stephenson: Crypto smart contracts can automate entertainment revenue waterfalls
Neal Stephenson · Neal Stephenson on the Future of the Metaverse · Nov 22, 2022 · at 36:58
Sci-fi author and Lamina1 co-founder Neal Stephenson explains how Web3 smart contracts can automate media revenue distribution across derivative creator pipelines.
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“In the motion picture business, they have this lovely term called a waterfall, which is in a contract for a movie. When revenue starts to happen it cascades down and gets diverted off to different people, and there's a whole structure in place for this. So how do you, is there a way to, and that's all, that all works, but It's notoriously slow and cumbersome. So is there a way to replace all of that machinery to create a waterfall that basically just works through smart contracts and just automatically distributes a revenue stream among people who contributed to a to a particular project in, in varying proportions? And that is actually not a bad fit for crypto.”
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