Blockchain Untold.io helped make a movie: The premiere will be shown at the SlamDance Film Festival – Bits Media

This year, the filmmidance of the Fuzzy Head film will take place for film -festivals of SlamDance for independent filmmakers of SlamDance, fully funded using the blockchain -based crowdfanding platform.

The festival has accreditation to Oscar - this means, what Winners automatically fall into the competitive program of the main American film award.

According to the General Director of Untold.io Ali Aksu (Ali Aksu), Film makers can use its blockchain, to democratize the process of financing your paintings. That is, to make it possible to invest in the creation of the film accredited and unaccredated investors.

“The most important aspect of the integration of blockchain and digital currencies in the film industry will be the use of a new class of assets for all types of investors using compatible security tokens. As well as the participation of fans using NFT ", - says Ali Aksu.

Earlier, the platform agreed on partnership with Dapper Labs, thanks to which Untold.io is going to speed up the blockchain and provide wider access to its services. IN 2020 The company's company helped with financing the film "Hollywood scam" with the participation of actors Robert de Niro and Morgan Freeman.

Aksu thinks, that the participation of the financed paintings in large film festivals helps make blockchain tools to more noticeable independent filmmakers, which can get great benefit from the blockchain.

Previously reported, that the Hollywood film studio Warner Bros. Collaborates
With the NFTY’s NFT platform to launch the collection of gaming non-replaceable tokens on the series "Game of Thrones".