Web3 tools and innovations are finding their way into several major industries around the world. Some, like the sports and music industries, have made a huge leap toward adoption. However, the world of cinema has not spoken so much about its adoption.

In the past, some filmmakers have referred to DAOs as a tool to drive community engagement around film projects.

Recently, big names in movie entertainment like Disney have made faster moves into the space by hiring Web3-related lawyers and incorporating the Polygon blockchain network into their accelerator program.

Cointelegraph sat down with director Stephen Fung, who is currently developing the Web3 film project Departed Apes, to better understand how Web3 tools such as Non-Fungible Tokens (NFTs) and now Soul-Bound Tokens (SBTs) can serve the cinema Additionally, Fung helped define what makes a Web3 movie and whether it is a genre of its own.

Although there isn’t much of a buzz in the film world around Web3 tools, Fung says that these two worlds share one inherent characteristic: images.

“Movies are just moving images that tell stories. It’s all very visual based. In my opinion, in addition to the technology behind Web3, it is also very visual. [industry].”

Where the film industry may be hesitant around the entire NFT movement, however, is in intellectual property (IP) rights.

“The most valuable asset that film companies have is their intellectual property (IP). Let’s just say if you’re Marvel, you’re not going to dive into something that could put intellectual property at risk,” says Fung. “They tend to be much more careful, which is very understandable.”

This can be seen in a recent lawsuit between blockbuster director Quentin Tarantino and the Miramax movie studio, over NFTs being made about the former’s hit movie Pulp Fiction. The main issue in this case was over property rights.

Related: Academy Award Winner Anthony Hopkins Sells His NFT Collection In Minutes

Nonetheless, Fung highlighted ways in which these tools can still be useful to communities in the crossover world of Web3 and film. He suggested using Discord for NFT as a “writers room” to include the community, which is often a “closed doors” element of movie making.

The director also highlighted who SBT can help creators differentiate between those who are involved in reselling NFTs and those who are passionate about the project.

“We will use it more as a badge of honor for these early supporters.”

Fung went on to say that when it comes to Web3 movies, there isn’t one definition right now, but rather two perspectives: “or a movie that comes out of characters that originated in the Web3 space,” he says, “as if Bored Ape Yacht Club were going to make a movie.”

Or if a movie is shown inside a metaverse. In other words, take a standard motion picture and Web3ize it through the ways viewers interact with it.

Overall, the director stressed that this is still a development time for the entire space, therefore those in the cinema should allow “some level of risk” as they enter the space and explore.