When Trevor Hawkins wanted to finance his debut feature, “Lotawana,” he did it the old-fashioned way; He took out a second mortgage. Now that the film is done, he’s taking a distinctly 21st-century approach by creating two types of non-fungible tokens, or NFTs: At $1,000 each, there’s 1,000 tokens that represent ownership shares that give profit participation as well as $100 tokens to access the movie’s online premiere.
“It was risky to make the movie itself,” he said Hawkins, a veteran...