MovieBloc is issuing the 1922 documentary Nanook of the North as the first Real World Asset-NFT (RWA-NFT), aiming to open a new era where creators, distributors, and collectors collectively grow value. The NFT is priced at about $200 per unit, with 1,000 units issued to maximize collectability, and it reimagines the work as a 10-minute high-density digital asset. A core feature grants holders non-exclusive commercial rights to use the content on their own sites and video channels, including YouTube, under the new RWA-NFT terms. Holders can download the content via wallet authentication to generate secondary value, while transfers terminate the original license and licensing to third-party OTT platforms remains restricted to protect the ecosystem.
MovieBloc emphasizes that this initiative is about expansion and coexistence with traditional distribution, not competition. The creator rights holder is set to realize revenue at the NFT’s initial sale, with ongoing value generated by the holder’s use not requiring further distributions. CEO Hwang Jun-dong described the issuance as a first step toward a future where films live as digital assets beyond the screen, promising continued partnerships to convert more titles into NFT formats. The Nanook of the North NFT is now available on the MovieBloc platform.
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