Taiwan Trilogy Animation Budget Overruns Threaten NFT Project
Taiwan Trilogy, directed by Golden Horse winner Wei Te-sheng, shifted from live-action film to hand-drawn animation after crowdfunding raised over NT$140 million proved insufficient. A former animator on Threads accused Wei of lacking cost-control experience in animation, pointing to scenes loaded with dozens of characters and a 24 fps quota that inflate production budgets. Without a streamlined storyboard process or outsourcing plan, the Taiwan Trilogy animation risks being shelved. Previous NFT fundraising for the trilogy sold only 660 of 8,160 NaviVerse “tickets” and issued 5,000 Diamond Edition NFTs via Crypto.com, raising US$395,000 but suffered nearly zero secondary market liquidity. As the director pressed forward, backers face indefinite delays and potential losses. The sinking project underscores persistent challenges in NFT-based film crowdfunding, where high animation costs and management gaps threaten delivery and investor confidence.
Bearish
The negative developments surrounding Wei Te-sheng’s Taiwan Trilogy raises concerns in the NFT market. A high-profile film project funded via NFT and crowdfunding facing budget overruns undermines investor confidence and may reduce secondary market liquidity. Historically, NFT initiatives that fail to deliver promised utility have triggered sell-offs and depressed trading volumes—seen in cases like BAYC derivative projects or film-based NFT drops that faltered. In the short term, NFT trading could see increased caution, wider bid-ask spreads, and lower volume as traders reassess risk. Long-term, the NFT ecosystem might demand stricter vetting of real-world project viability before committing funds, pushing market maturity but also slowing speculative inflows. Overall, the news is bearish: it highlights execution risks in NFT fundraising, suggesting upcoming headwinds for NFT traders and potential downward pressure on NFT valuations.