Hollywood Embraces Blockchain: Ron Perlman Launches Decentralized Film and TV Platform

Hollywood's century-old film industry, valued in the billions, confronts mounting challenges as creators grapple with losing control over their intellectual property, data, and revenue streams. The shift from theatrical releases to streaming dominance has exacerbated these issues, funneling power toward corporate gatekeepers while diminishing artist autonomy.

Blockchain technology emerges as a potential solution. Tokenizing films as NFTs and deploying tamper-proof ledgers could redistribute control to creators. Golden Globe winner RON Perlman has entered this arena with Watrfall, an onchain platform designed to finance, greenlight, and monetize projects transparently.

"Backend participation deals—once a lifeline for creatives—have vanished in the streaming era," Perlman noted. Watrfall aims to restore equity by ensuring creators retain ownership stakes through decentralized mechanisms.