New Cryptocurrency Documentary ‘Cryptopia’ Starts Kickstarter Campaign To Seek Funds


Cryptopia is a TV documentary focusing on cryptocurrencies as well as the decentralization of the internet (Web 3.0). To raise money, however, the production team decided against going the conventional route. They have, instead, created a Kickstarter campaign to raise funds. For the few who don't know, Kickstarter is an American public-benefit corporation that maintains a global crowdfunding platform focused on creativity and merchandising. The company's stated mission is to “help bring creative projects to life .

The team has estimated the budget to be $15,886 to fund the entire project. Interestingly, the project has received widespread support and $14,966 has already been pledged by many backers. As with any Kickstarter project, this project will only be funded if it achieves its goals by the deadline day, November 13 in this case.

Who Is Behind The Project?

Torsten Hoffmann is the main driving force behind this documentary. The Australian filmmaker is no novice at this. His previous work, also in the realm of digital currency, “‘Bitcoin’ The End of Money As We Know It.” was crowdfunded as well. Upon its release in July 2015, it quickly became one of the most pirated documentaries of that year. Later the same year it went on to grab numerous accolades including the winner at the Anthem film festival and the Van Gogh Award at the Amsterdam Film Festival 2015.

It is interesting to note that when his first project completed Bitcoin was worth just under $300. Since then we have witnessed an unprecedented rollercoaster ride. With prices hitting a crescendo at $20,000 and then ebbing to less than $6,000. A fact hardly lost on Torsten. Now the Melbournian wants to address other concerns about Bitcoin, blockchains and the fate of the internet.

What Is The Story Of Cryptopia?

The Documentary team has discussed this project on their Kickstart page. They noted that “ ‘Bitcoin: The End of Money As We Know It’ discussed the history of money, economics, central banking, and Bitcoin.”. This laid bare the disruptive nature of Bitcoin as it threatened traditional banking models by building an alternative and decentralized currency system.

Furthermore, the possibility of “Blockchain” being a viable blueprint for a better Internet, is an enticing thought. There are myriad questions about a technology, designed to operate independently of trust and within a decentralized network. Could it really provide a robust alternative or is it just as easy to manipulate as the current system? Real and dangerous concerns about the privacy of individuals, the weaponization of social media and even the undermining of the foundations of democracy.

The documentary looks to focus on these questions and many more. The team is working with a bigger budget and the advantage of the experiences learned from their last film. With the added inputs of industry experts and journalists such as Laura Shin involved, helping with the project. The idea is to get knowledgeable people to discuss creative ideas. Shoots are planned across the world from China, Australia to Germany. The production is now in its final stages.

The production team has already pledged to use part of the funds raised by this Kickstarter campaign for educational purposes. They have broken down their cost comprehensibly. About one-fifth of the total cost will be focused on creating study guides and other paraffinic to allow easy access to school teachers and librarians. While an estimated $9,600 will be needed for animations and graphics, the team expects about $3000 for drones. Finally, music and design work for the documentary will cost an estimated $4,950.

It is undeniable that the way humans have interacted has changed in the last quarter century. This new millennium has also changed other basic setups of humanity. Government interactions, ideas of privacy, banking, social interactions; the list is nearly endless. It is time to tarry and take a deeper look at how things are changing and how we can get the best of these new innovations.

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