Untold Launches New Blockchain-Based Platform for Funding Films
Niko Pajkovic — July 26, 2022 — Tech
References: untold.io & businessworld.in
Untold, a new blockchain-based investment platform, has announced the launch of a new investment service that will cater specifically to those working in Hollywood. According to the company, the new platform is set to disrupt the film industry by democratizing a variety of entertainment content.
More specifically, the blockchain-based platform will work to connect filmmakers, investors, and distributors and enable them to fund projects independently. Already, the first project to be funded on the platform is 'The Comeback Trail, a new film starring major actors Morgan Freeman, Robert Deniro, and Tommy Lee Jones.
“We created Untold to respond to the growing demand for streaming content and also open the investment opportunity in a way the finance industry has never seen before,” said Ali M. Aksu, international film producer, Founder, and CEO of Untold.
Image Credit: Untold
More specifically, the blockchain-based platform will work to connect filmmakers, investors, and distributors and enable them to fund projects independently. Already, the first project to be funded on the platform is 'The Comeback Trail, a new film starring major actors Morgan Freeman, Robert Deniro, and Tommy Lee Jones.
“We created Untold to respond to the growing demand for streaming content and also open the investment opportunity in a way the finance industry has never seen before,” said Ali M. Aksu, international film producer, Founder, and CEO of Untold.
Image Credit: Untold
Trend Themes
1. Blockchain-based Film Investment - Untold's new platform will democratize investment opportunities in the film industry through blockchain technology by connecting filmmakers, investors, and distributors.
2. Democratizing Entertainment Content - Untold's platform aims to democratize a variety of entertainment content by providing independent funding opportunities for filmmakers.
3. Streaming Content Investment - Untold responds to growing demand for streaming content by providing unprecedented investment opportunities for both Hollywood professionals and the public.
Industry Implications
1. Film Production - Untold's platform disrupts the traditional financing model of the film industry and offers new investment opportunities for independent film productions.
2. Blockchain Technology - Untold's use of blockchain technology in entertainment financing could disrupt traditional financing models in multiple industries and create new opportunities for investment.
3. Online Investment Platforms - Untold implements blockchain technology to create a decentralized investment service for the entertainment industry, which could serve as a disruptive innovation in the online investment industry.
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