What is IndiKin?

IndiKin is a Web3 Protocol powering a Matchmaking dApp & eventually a Streaming Platform it’s primary function is for creating and nurturing user-generated collectives of aspiring independent filmmakers and digital creators who wish to cooperate on film productions.

The IndiKin Protocol provides all parties involved in a given film production the fundamental tools they need to fund, produce, manage, and distribute the creation of original films. 

You can think of IndiKin like a decentralised film studio that allows independent filmmakers to generate specialised production houses for any genre or a specific film they would like to make. The IndiKin Protocol provides a collective with all the necessary production, administrative, and value management systems they need to publish their films. 

What problem does IndiKin solve? 

IndiKin addresses the challenges faced by independent filmmakers and content creators. Most independent feature films fail to turn a profit, and a significant percentage never see the light of day. IndiKin provides a simple way for filmmakers to generate production houses, raising funds and collaborating with digital creators.

Additionally, many content creators struggle to earn a sustainable income. IndiKin offers a path toward financial stability, larger creative projects, simplified value capture, and explicit ownership. Consumers are seeking new ways to interact with and support filmmakers, and the IndiKin Streaming Platform aims to put them in the driver’s seat.

How does IndiKin work? 

IndiKin Protocol powers a Mobile Matchmaking dApp (think Tinder for Creatives) and a Streaming Platform to facilitate a smooth user-owned and operated film production experience. Filmmakers holding a Director Role Token can generate Initial Proposal Assets (IPA) that encompass an entire production’s management and economic logic. 

The IPA is used to crowdfund, produce, and distribute unique film productions via the native IndiKin Streaming Platform. Creators holding any of the three Creator Role Tokens (Authors, Joiners & Hypers) can interact with a filmmaker’s IPA, ensuring fair compensation while retaining ownership and associated production revenues. Consumers can directly support filmmakers via the IndiKin Streaming Platform, enabling them to watch more films from their favourite creators. 

Who is the target audience for IndiKin? 

IndiKin caters to worldwide indie filmmakers, content creators, and video streaming consumers. It particularly benefits creative groups that collaborate online, providing a streamlined platform compared to using multiple apps and web services. Filmmakers facing difficulties in realising their stories now have a secure and efficient way to propose their productions to an audience and collective of supportive creators.

What makes IndiKin unique? 

IndiKin evolves the traditional film studio model by decentralising it entirely, ensuring that all participants are appropriately compensated while retaining rights to their intellectual property. IndiKin limits collectives to 250 total ‘role token’ holders, fostering strong bonds between members for continued collaborations. Role tokens are crucial, allowing holders to interact with a filmmaker’s IPA and capture production value and streaming revenues. 

How can I get started with IndiKin? 

The first collective, The B250, is now forming, focusing on TV level documentaries. It aims to deliver unique documentaries tailored for discerning viewers. You can be part of this collective by whitelisting now at b250.org. If you have an idea for a unique collective, join us anytime in our Discord and let us know what you want to do. 

Is there a free trial available? 

During 2024 there is no cost associated with participating in or utilising IndiKin Protocol and its associated dApps. All B250 Role Tokens associated with the first collective will be freely distributed to our early adopters. Once IndiKin is publicly released, pricing plans and associated transaction costs will apply. 

What pricing plans does IndiKin offer? 

IndiKin is currently in beta and free to use. Pricing plans will be published on the website when the Protocol goes live. 

What payment methods do you accept? 

IndiKin is currently in beta and free to use. Pricing plans will be published on the website when the service goes live. 

What is your refund policy? 

IndiKin is currently in beta and free to use. Refund plans will be published on the website when the service goes live. (edited)

How do I cancel my subscription or account? 

IndiKin is currently in beta and free to use. Cancellation Information will be published on the website when the service goes live. 

Is my personal information secure with IndiKin? 

When a Role Token holder interacts with IndiKin, they are connecting their own account to the IndiKin smart contract. IndiKin records no data that is not already publicly available on the Blockchain. The dApp and Streaming platform powered by IndiKin will ensure all legally obligated data protections are adhered to. 

Can I customise IndiKin to fit my specific needs? 

IndiKin is a full-featured web3 protocol that facilitates film productions for creator collectives. While individual collectives are fully customisable depending on their requirements, the IndiKin protocol and any associated collective role tokens represent a complete service. 

What integrations does IndiKin support?

At this stage, IndiKin doesn’t integrate third-party tools or platforms. However, IndiKin is exploring partnerships with third-party streaming platforms, service providers and established web3 native creator communities. 

Do you offer training or onboarding resources? Learning resources such as tutorials, guides, and webinars will be made available on our website in due course. For now, you can learn all about IndiKin and how to get involved in the IndiKin Discord. 

What is your update/feature release schedule? 

Monthly updates will be found on the IndiKin website & blog. Note that IndiKin is in the early stages of development, so staying informed in the IndiKin Discord is highly recommended. 

How can I stay updated on IndiKin news and announcements? 

Join the IndiKin Discord or Telegram via the website, or follow the IndiKin social media channels. Do you have a referral program? A referral program will be rolled out shortly after release. Please refer to the IndiKin Discord, Telegram and social media channels for related updates and announcements.

Does IndiKin have a native token? 

IndiKin does not currently have a native token however we are working on introducing the $INDI token in or to facilitate ecosystem development in due course. You can learn more and join the discussion in the IndiKin Discord. 

What is the story behind IndiKin? 

IndiKin emerged from founder Rich Tella’s firsthand struggles in creating films and documentaries within the web3 realm. In May 2022, he initially proposed a solution under the name “The Bitjoinery,” aiming to address the challenges he encountered in the filmmaking business, by using emerging web3 filmmaking tools. The initial objective was to promote fairness and sustainable wealth creation for the creators of a project’s intellectual property.

This goal evolved to tackle various pain points experienced by indie filmmakers, including fundraising and acquiring production resources, also aiming to bypass conventional film industry distribution. Through his debut production, “The Fakefluencer” (2021), Rich confronted the practices prevalent in the traditional film industry. He came to realise that many involved in the administrative process were primarily motivated by financial gain, a well-known aspect of the industry notorious for cutthroat business practices. 

These experiences prompted the initial concept for a solution. In 2017, Rich engaged with several entertainment-oriented crypto projects and presented on the topic at the Live At Heart film festival in Orebro, Sweden. During the presentation, an astute developer posed thought-provoking questions about the role of decentralisation, reshaping Rich’s perspective on blockchain’s potential for the entertainment industry.

Fast forward to 2021, while launching an NFT collection complementing his first film, “The Fakefluencer,” Rich saw a surge in crypto entertainment projects. He initiated a weekly Twitter space known as the Crypto Movie Club, inviting founders to discuss their ventures. 

Over the ensuing five months, it became increasingly evident that the primary motivation behind utilising blockchain technology in entertainment projects was to enhance business efficiency and marketing. After conducting interviews with 24 founders across 18 projects, Rich gained a comprehensive understanding of the offerings in the market and even integrated some of these products into his own work. 

These personal encounters within an outdated and challenging industry, juxtaposed with the potential of blockchain tools to revolutionise it, led Rich to publish his insights about The Bitjoinery, now known as IndiKin. 

Combining elements of indie spirit and kinship, IndiKin aims to eliminate the inefficiencies and sometimes ruthless behaviour of the traditional film industry. It achieves this by replacing human factors with immutable code, allowing creatives to focus on what truly matters to them without navigating a self-destructive business model.

Read The B250 FAQ’s here: https://bitjoinstudios.com/2024/02/13/the-b250-collective-frequently-asked-questions/