Leading funding platform Untold.io has launched a fair funding initiative for the US film industry. The initiative will see leading filmmakers, promoters, marketers and marketers in the Hollywood space create and fund content for general consumption.
Notably, this development comes as an effort by the firm to democratize the production of entertaining content. It will help registered and unregistered traders with a minimum of $1,000 to support their project. However, the initiative is not limited to a single financial aid; other notable recipients have a chance to get other incentives.
Therefore, Untold.io aims to integrate the use of blockchain in film production. Additionally, the company is monitoring the blockchain space to develop solutions. In the meantime, the envisaged innovation will not be limited to finance alone.
Untold.io is registered with the United States Securities and Exchange Commission (SEC). They claim to follow the operational guidelines of the SEC and other regulators, making them one of the most reputable emerging funding initiatives in the cryptocurrency space.
As revealed, the initial project of this initiative is a film called “The Comeback Trail”. The film will be released in the United States by November. The presence of stars like Robert Deniro, Morgan Freeman and Tommy Lee Jones makes it one of the most anticipated movies in the industry.
However, Untold.io Founder and CEO Ali M Aksu also expressed his opinion on the development. He revealed that the platform came about due to the growing demand for streaming content. The CEO disclosed that Untold.io is a direct response to these requests.
Moreover, he added that the initiative will stimulate many opportunities differently. According to him, it will be in a way the industry has never seen before. He indicated that all tasks within the platform must go through a rigorous process of determining the characteristics of a beneficiary. He added that the process needs to be done for upcoming major studios, movie producers and their businesses.
Meanwhile, Hollywood is moving towards blockchain adoption. Around February this year, movie producers in the industry joined forces to launch a digital currency. As revealed, the digital currency will help producers and film studios finance their film projects.
The initiative is a decentralized film funding platform that supports film projects. Enthusiastic producers should register and receive the STARS token as a reward. Finally, the development and initiative of Untold.io further highlights the growing impact of blockchain in many industries.
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