<ul><li><keyword id="110689" type="PERSON" weightage="20" keywordseo="Anthony-Hopkins">Anthony Hopkins</keyword>' new film Zero Contact will premiere as an <keyword id="4668945" type="PERSON" weightage="20" keywordseo="nft">NFT</keyword> on Vuele, a global distribution platform for NFTs. </li><li>Vuele boasts of being the first direct-to-consumer platform where limited edition film and other content can be watched, collected, or traded. </li><li>NFT's represent only the digital form, and artists are free to sell their creations in physical condition as well.</li></ul>Anthony Hopkins’ new film Zero Contact is going to premier as a non-fungible token (NFT) on a new platform called Vuele. The creative world was the first to adopt the concept, and it has already led to some record-breaking milestones. However, this is the first time that a full length feature film will be offered up for sale as an NFT. “It creates scarcity in copies of the film and protects against piracy,” Dugdal told <a href="https://deadline.com/2021/07/enderby-entertainment-pandemic-film-zero-contact-nft-vuele-1234787314/">Deadline.</a> The NFTs are likely to appear on Vuele in late July or early August. They will include the film along with extras at different price points, yet to be determined. NFTs are collectibles. This means that the NFT copies of Zero Contact will be treated as a limited edition version of the movie. According to Rick Dugdal, the producer and director of the movie, there will be four or five ‘drops’ of the movie. Each of these drops will be exclusive, limited-edition versions of the film and collectible content. Users can buy or bid on these items using cryptocurrency or regular credit cards. And, here’s a quick look into how this works. <h2 style="line-height:1.38;margin-top:0pt;margin-bottom:0pt;"> </h2><h2 style="line-height:1.38;margin-top:0pt;margin-bottom:0pt;">How do you distribute a film as NFT?</h2> Traditionally, a film requires a label partner, distribution channels, and multiple parties across regions for a release. As an NFT, the film can be directly released on the blockchain, maintaining a ledger of all its owners. The token is cryptographic, meaning it has established a unique identity and a confirmation of digital ownership. For fans, it means absolute uniqueness in the files they are purchasing, adding more value to the digital commodity. "As opposed to Bitcoin, which is fungible and can be exchanged with millions of other Bitcoins, NFT's proposition of being unique makes it a collector's item or an investor's paradise," Vikram Subburaj, co-founder and CEO of <keyword id="10307722" type="COMPANY" weightage="20" keywordseo="giottus-cryptocurrency-exchange">Giottus cryptocurrency exchange</keyword> told Business Insider. "It is worth noting that NFTs are only proof of ownership and do not prohibit adoption or copies of the art on the internet or otherwise. That is, there is no IP associated with it other than claims to verifiable digital ownership," he added. NFTs represent only the digital form, and artists are free to sell their creations in the physical world as well. <h2 style="line-height:1.38;margin-top:0pt;margin-bottom:0pt;">How does the creator earn money from an NFT?</h2> The creator faces two likely scenarios — blockbuster earnings or nothing. Like nascent cryptocurrencies, NFTs are yet to take off as a mainstream utility, and their profitability is unpredictable. But it offers a look into the future, where independent artists can show their work to the masses without relying on third parties. In terms of monetisation, it's pretty simple. An NFT is created by ‘minting’, which is the process of developing and placing the file on a blockchain. Ethereum is currently the go-to blockchain because of its smart contracting ability, which can automatically maintain and update the ownership ledger. Once minted, if the NFT is sold for ₹100, the creator earns the sum directly. If the first owner resells the NFT after a year for ₹2000, the creator gets a particular percentage of the sum as a royalty fee. Hence, his earnings for the second transaction will be ₹200 --if we assume the royalty fee is set at 10%. And, the creator will continue to earn royalties as long as the NFT is being traded. "For example, an original song from AR Rahman can be 'owned' uniquely on a blockchain. When the demand for the song goes up or becomes valuable with time, you can sell it with a considerable gain to the next owner, much akin to how we sell a plot of land or a house," Subburaj added. Hence, the initial investor or buyer can also make money on the blockchain while protecting the creator's assets from piracy or illegal distribution. The blockchain also helps ensure that the art or creation is permanently archived and cannot be tampered with, automatically creating another level of authentication that can withstand time.

Anthony Hopkins’ new film will be sold as an NFT — here’s what that means for creators and the ones buying it

<ul class="summary-list"><li>An <keyword id="11919795" type="UNKNOWN" weightage="60" keywordseo="nft" source="Orion">NFT</keyword> investor said he jokingly offered to sell an Ethereum <keyword id="11893898" type="UNKNOWN" weightage="60" keywordseo="crypto" source="Orion">crypto</keyword> wallet address for $150,000.</li><li>He sold it for $2,900 but forgot to cancel his offer, allowing the buyer to sell it back for the original amount.</li></ul>A big-time NFT investor who owns 57 digital art pieces from the Bored Ape Yacht Club said he lost $150,000 via a joke bid.Investor Franklin Caldwell, whose Twitter handle is <a href="https://twitter.com/franklinisbored">@franklinisbored</a>, said he lost the 100 ETH by jokingly bidding on a so-called Ethereum Name System (ENS) domain, which is basically a crypto wallet address in readable form that is minted as an NFT.He appeared to be mocking how some users do this often, creating phony domains with fake bids so that a Twitter bot called <a href="https://twitter.com/EnsBidsBot?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor">EnsBidBot</a> would tweet about the offer.<blockquote class="twitter-tweet blockquote" data-lang="en" data-cards="" data-conversation="">—Franklin ️uilding 57 apes (@franklinisbored) <a href="https://twitter.com/mims/statuses/1549188176882946049?ref_src=twsrc%5Etfw">July 19, 2022</a></blockquote><a href="https://ens.domains/">ENS domains</a> are the crypto world's way of translating complex wallet addresses so that we can read them more easily — the addresses typically are 42 characters long and begin with "0x." It's a little like how traditional websites use the Domain Name System, or DNS, to turn regular .com domain names in your browser into IP addresses that help computers find a website.If you've seen people like comedian <a href="https://twitter.com/jimmyfallon">Jimmy Fallon</a> and actor <a href="https://twitter.com/AnthonyHopkins">Anthony Hopkins</a> with a ".eth" at the end of their Twitter profile names, that is likely their domain name for their ETH crypto addresses.According to <a href="https://twitter.com/web3isgreat/status/1549888768500449280">Molly White —</a> who keeps the world tuned into cautionary crypto tales with her blog "Web3 is going just great" — Caldwell created an ENS domain called stop-doing-fake-bids-its-honestly-lame-my-guy.eth and placed a 100 ETH bid on it.He thought he'd had the last laugh when someone offered him 1.9 ETH, or about $2,900, for something that amounted to a joke. Caldwell accepted before realizing the person was able to turn around and make off with his 100 ETH since he'd forgotten to cancel that offer.The person pocketed the money and sold the domain name back to Caldwell, who took to Twitter shortly after to lament his mistake."Oh no, I lost 100 ETH," <a href="https://twitter.com/franklinisbored/status/1549838025882042373">he posted</a> on Wednesday. "I was celebrating my joke of a domain sale, sharing the spoils, but in a dream of greed, forgot to cancel my own bid of 100 ETH to buy it back. This will be the joke and bag fumble of the century. I deserve all of the jokes and criticism."He also said he'd refunded the 1.9 ETH back to the person, hoping that they would return the entire offer, to no avail. The seller, who goes by @8892OS on Twitter, <a href="https://twitter.com/8892OS/status/1549864080059600903">tweeted in response</a>, "i ripped this guy off for 100 eth and he just sent me another 1.9?"Caldwell did not immediately respond to Insider's request for an interview.

An NFT power player, who owns a whopping 57 Bored Apes, says he accidentally lost $150,000 on a joke auction bid

<ul><li><keyword id="6354616" type="UNKNOWN" weightage="20" keywordseo="Twitter">Twitter</keyword> has named <keyword id="1109299" type="PERSON" weightage="20" keywordseo="Vinay-Prakash">Vinay Prakash</keyword> as its Resident Grievance Officer for India, according to the company's website.</li><li>Twitter had previously appointed Dharmendra Chatur as its interim resident grievance officer for India as required by the IT rules.</li><li>The social-networking app has been at loggerheads with the Indian government over the new social media rules.</li></ul>Twitter has named Vinay Prakash as its Resident Grievance Officer for India, according to the company's website. The US-based company has been in the eye of a storm over its alleged failure to comply with the new IT rules in India, which mandates, among other requirements, the appointment of three key personnel -- chief compliance officer, nodal officer and grievance officer by social media platforms with over 50 lakh users. All the three personnel have to be residents in India. As per the information updated on Twitter's website, Vinay Prakash is the Resident Grievance Officer (RGO). Users can contact him using an email ID listed on the page. "Twitter can be contacted in India at the following address: 4th Floor, The Estate, 121 Dickenson Road, Bangalore 560 042," the page further said. Prakash's name appears along with Jeremy Kessel, who is the <keyword id="11613995" type="UNKNOWN" weightage="20" keywordseo="global-legal-policy-director">Global Legal Policy Director</keyword>, and is based in the US. The company has also published its compliance report for the period of May 26, 2021, to June 25, 2021. This was another key requirement under the IT rules that came into effect on May 26. Twitter had previously appointed Dharmendra Chatur as its interim resident grievance officer for India as required by the IT rules. However, Chatur stepped down last month. Twitter has been at loggerheads with the Indian government over the new social media rules. The government has confronted Twitter over deliberate defiance and failure to comply with the country's new IT rules, despite repeated reminders. Twitter -- which has an estimated 1.75 crore users in India -- lost its legal shield as an intermediary in India, becoming liable for users posting any unlawful content. On July 8, Twitter had informed the <keyword id="6355014" type="UNKNOWN" weightage="20" keywordseo="delhi-high-court">Delhi High Court</keyword> that it has appointed an interim chief compliance officer, who is a resident of India, and that it will make an endeavour to fill the regular position within eight weeks as per the new IT Rules. It had also said it was in the process of making an appointment to an Indian resident as its interim RGO and it expected to do so on or before July 11 and details would be updated on its 'Help Page' as soon as possible. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/cryptocurrency/news/anthony-hopkins-new-film-will-be-sold-as-an-nft-heres-what-that-means-for-creators-and-the-ones-buying-it/articleshow/84289910.cms">Anthony Hopkins’ new film will be sold as an NFT — here’s what that means for creators and the ones buying it</a> <a href="https://www.businessinsider.in/cryptocurrency/news/indias-new-crypto-laws-soaring-nft-sales-multi-million-dollar-sports-sponsorships-heres-everything-that-happened-in-the-crypto-world-this-week/slidelist/84289653.cms">India’s new crypto laws, soaring NFT sales, multi-million dollar sports sponsorships – here’s everything that happened in the crypto world this week</a>

Twitter appoints Vinay Prakash as resident grievance officer for India

Indo-American tennis player Samir Banerjee lifted the <keyword id="6437049" type="LOCATION" weightage="20" keywordseo="wimbledon">Wimbledon</keyword> boys' singles title on Sunday, a remarkable triumph for the youngster who was testing his skills in a Grand Slam for only the second time in his fledgling career. All of 17, the player from New Jersey just wanted to win a match at the biggest stage in the junior circuit, but little did he know that he would be the last boy standing at the hallowed grass courts. And that too when he did not have his coach Carlos Esteban with him since his wife had reportedly tested positive for COVID-19. Up against compatriot Victor Lilov, the teenager won 7-5 6-3 in the summit clash that lasted one hour 22 minutes. He broke his rival thrice and dropped serve only once in the facile triumph. "It's going to be amazing, this trophy is going to be my centrepiece, I'm going to look at this and be inspired to keep playing and hopefully come back here as a pro," he was quoted as saying by the Wimbledon website. "I really just wanted to win a round, I didn't expect this. I had a tough French Open, lost to a good player. "So here I just wanted to keep my expectations low so that if I passed them, then I'd be happy. But this was way beyond my wildest dreams," he said to a round of applause from the crowd. Since the coach was unavailable, Banerjee 's uncle Kanad accompanied him. "My uncle is here, he's not technically a tennis coach, but if these results keep happening then I should start travelling with him more," he said jokingly. As Lilov's backhand sailed over the baseline on match-point, Banerjee dropped his racquet, put both his hands on his head in disbelief as if to say that this was not what he expected to do but still accomplished. "Remember the name - Samir Banerjee. The American wins his first junior Grand Slam singles title by beating Victor Lilov in the boys' singles final," the official twitter handle of the Championships posted. Legendary Indian tennis player <keyword id="9032" type="PERSON" weightage="20" keywordseo="Vijay-Amritraj">Vijay Amritraj</keyword> congratulated Banerjee. "Wonderful win for Indian American 17 yr old <keyword id="11617058" type="UNKNOWN" weightage="20" keywordseo="samir-bannerjee">Samir Bannerjee</keyword> in the boys singles at Wimbledon 2021. Wish him well for a great future," the 67-year old who reached singles quarterfinals at Wimbledon and US Open tweeted. Banerjee's father Kunal was born in Assam, and his mother Usha was brought up in Andhra Pradesh before both migrated to the USA in the mid-1980s and got married there. The youngster, reportedly, will take a break from the tour to enroll for a degree in either economics or political science at the <keyword id="127671" type="ORGANIZATION" weightage="20" keywordseo="Columbia-University">Columbia University</keyword> in the coming months. While Banerjee's victory is a testament to the system that <keyword id="100889" type="ORGANIZATION" weightage="20" keywordseo="US-Tennis-Association">US Tennis Association</keyword> has put in place, India has been struggling to field a worthy contender at junior Grand Slams for some time now. Due to the lack of a robust domestic circuit and not having enough competitions at home to earn world ranking points, India has been struggling to create the next crop of youngsters. <keyword id="41004" type="PERSON" weightage="20" keywordseo="Yuki-Bhambri">Yuki Bhambri</keyword> was the last Indian to win a junior singles title when he triumphed at the Australian Open in 2009 while Sumit Nagal won the Wimbledon boys' doubles event in 2015 with Vietnam's Ly Hoang Nam. Ramanathan Krishnan was the first Indian to win a junior major when he won the 1954 Junior Wimbledon championship. His son Ramesh Krishnan won the 1970 junior Wimbledon and junior French Open titles while Leander Paes won the 1990 junior Wimbledon and junior US Open. Paes was also a runner-up at the junior Australian Open. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/cryptocurrency/news/anthony-hopkins-new-film-will-be-sold-as-an-nft-heres-what-that-means-for-creators-and-the-ones-buying-it/articleshow/84289910.cms">Anthony Hopkins’ new film will be sold as an NFT — here’s what that means for creators and the ones buying it</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/apps/news/twitter-releases-its-first-india-transparency-report-under-new-it-rules/articleshow/84316434.cms">Twitter releases its first India Transparency Report under new IT rules</a>

Indian-American tennis player Samir Banerjee lifts Wimbledon boys' singles title

Amid tensions with the government, <keyword id="6354616" type="UNKNOWN" weightage="20" keywordseo="Twitter">Twitter</keyword> has appointed a Resident Grievance Officer, days after it designated a chief compliance officer, as it also released its first India Transparency Report to meet the new IT rules. The US social media giant's website has listed Vinay Prakash as the new grievance officer, providing contact details and procedure for users to report potential violations of its rules and terms. Twitter had previously appointed Dharmendra Chatur as its interim grievance officer for India after the new IT rules came into force on May 26. However, Chatur stepped down within weeks of taking over the key role. California-based Jeremy Kessel was named as India's grievance redressal officer, on the platform's website - although the appointment did not meet the requirements of IT rules that clearly mandate key officers - grievance officer, chief compliance officer and nodal officer - to be resident in India. Twitter's website on Sunday showed Vinay Prakash as the Resident Grievance Officer (RGO). Users can contact him using an email ID listed on the page. "Twitter can be contacted in India at the following address: 4th Floor, The Estate, 121 Dickenson Road, Bangalore 560 042," the page further said. Prakash's name appears along with Kessel, who is the Global Legal Policy Director, and is based in the US. Twitter did not share additional details of the new resident grievance officer. Twitter has also published its maiden compliance report. In its India Transparency Report: User Grievances and Proactive Monitoring July 2021 report, Twitter said it had received 94 grievances and "actioned" 133 URLs between May 26 and June 25, 2021. Twitter said the majority of complaints received via Grievance Officer - India channel during the reporting period fell into categories including defamation (20), Abuse/Harassment (6), Sensitive Adult Content (4), Impersonation and privacy infringement (3 each), IP-related Infringement (1), and Misinformation/Synthetic and Manipulated Media (1). In addition to this, Twitter processed 56 grievances which were appealing Twitter account suspensions. In a separate category - '<keyword id="11616040" type="UNKNOWN" weightage="20" keywordseo="proactive-monitoring-data">Proactive Monitoring Data</keyword>', Twitter said 18,385 accounts were suspended over the issue of Child Sexual Exploitation, Non-Consensual Nudity, and similar content, while 4,179 accounts were suspended for <keyword id="3208352" type="PERSON" weightage="20" keywordseo="Promotion-of-Terrorism">Promotion of Terrorism</keyword>. However, the 'Proactive Monitoring Data' -- content proactively identified by employing internal tools and industry hash sharing initiatives -- represents global actions taken, and not just actions related to content from India. Twitter noted that going forward, it will publish this report on a monthly basis and that it will make improvements over time, based on feedback received from the government, or in accordance with internal changes that allow it to provide more granular data. Under the new IT rules, large digital platforms (with over 50 lakh users) are required to publish periodic compliance reports every month, mentioning the details of complaints received and action taken thereon. The new IT rules are designed to prevent abuse and misuse of digital platforms, and offer users a robust forum for grievance redressal. Under these rules, social media companies will have to take down flagged content within 36 hours, and remove within 24 hours content that is flagged for nudity and pornography. Non-compliance with the IT rules would result in these platforms losing their intermediary status that provides them immunity from liabilities over any third-party data hosted by them. The rules also mandate appointment of three key personnel - grievance officer, chief compliance officer and nodal officer. These officials need to be resident in India. The Indian government had confronted Twitter over deliberate defiance and failure to comply with the IT rules, despite repeated reminders. Twitter -- which has an estimated 1.75 crore users in India -- lost its legal shield as an intermediary in India, becoming liable for users posting any unlawful content. Ashwini Vaishnaw, who has recently taken charge as Information Technology Minister, had on Thursday said all those who live and work in India will have to abide by the rules of the country. On the same day, Twitter had informed the Delhi High Court that it has appointed an interim chief compliance officer (CCO), who is a resident of India, and that it will make an endeavour to fill the regular position within eight weeks as per the IT rules. In an affidavit, Twitter had said "Twitter has posted publicly a job announcement for a CCO as a direct employee and is accepting applications at this time. Twitter will endeavour in good faith to make an offer of employment to a qualified candidate to fill this position within 8 weeks". Earlier, Twitter had advertised for filling the positions of Chief Compliance Officer, Nodal Officer and Resident Grievance Officer in India on the careers section on its website. The Delhi High Court had granted two weeks' to <keyword id="308642" type="COMPANY" weightage="20" keywordseo="Twitter-Inc">Twitter Inc</keyword> to file an affidavit, notarised in the US, on compliance with the IT rules and had made it clear that it was not extending any protection to the microblogging platform. The High Court had said the centre was free to take action against Twitter Inc in case of any breach of the IT rules. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/cryptocurrency/news/anthony-hopkins-new-film-will-be-sold-as-an-nft-heres-what-that-means-for-creators-and-the-ones-buying-it/articleshow/84289910.cms">Anthony Hopkins’ new film will be sold as an NFT — here’s what that means for creators and the ones buying it</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/news/jio-fastest-in-4g-download-speed-with-21-9-mbps-vodafone-idea-tops-in-upload-as-per-trai-data-for-june/articleshow/84271805.cms">Jio fastest in 4G download speed with 21.9 mbps, Vodafone Idea tops in upload, as per TRAI data for June</a>

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Anthony Hopkins’ new film will be sold as an NFT — here’s what that means for creators and the ones buying it

Shivam Vahia

An NFT power player, who owns a whopping 57 Bored Apes, says he accidentally lost $150,000 on a joke auction bid

Katie Canales

Twitter appoints Vinay Prakash as resident grievance officer for India

PTI

Indian-American tennis player Samir Banerjee lifts Wimbledon boys' singles title

PTI

Twitter releases its first India Transparency Report under new IT rules

PTI