Web3 technology has infiltrated into every major field again, producing independent innovation for the old system software. This includes traditional creative industries, such as music industry, and its recent film industry chain.

In this year's, the Oscar recognition film festival for independent filmmakers "Dunk Film Festival" is about to usher in the premiere of new filmsBlur head topThe enterprise obtains assets through the blockchain-driven crowdfunding website Untold.io

Ali Aksu, CEO of Untold.io, told CoinTelegram that film producers, such asBlur head topWe can use blockchain technology to make the financing process democratic and open investment opportunities to both certified and uncertified investors.

"An important aspect of data encryption/blockchain integration in the film industry is undoubtedly to open a new asset class to various investors based on compliance security tokens, and to enhance user attention through NFT."

Recently, Untold collaborated with Dapper Labs to accelerate the method and allow a more comprehensive view of its process flow. The website also provides other famous movies, includingThe way back, starring Rob de Claudia and Macaulay Freeman

This is not the first time to see the film festival of data encryption and blockchain components in the premiere film. In 2019, the Filmio blockchain service platform participated in the traditional Sundance Film Festival to find projects based on the blockchain's online entertainment.

Last year, Liquid Media Group released its first blockchain movie streaming broadcast during the Sundance concert, mainly including a series of data control panel performances. The company also described the harm of non-bank tokens (NFT) to filmmakers and streets.

In 2022, Russell Crowe'sa professional boxerThis film uses NFT to give some funds to its production, and even becomes what the film director refers to as "audience driven film"

Aksu, Xinjiang, said that the use of a means based on blockchain by traditional directors and large and medium-sized film festivals has increased the visibility of these tools for independent filmmakers, from which he will benefit a lot.

"These are also excellent opportunities to build the real street behind the reform of fitness sports like blockchain."

Last year, director Anthony Hopkins sold a set of NFT series products based on the characters in his released films.

Quentin Tarantino also made NFT based on his ionic membraneVulgar novel。 However, he was later involved in a major lawsuit against the film production company for copyright infringement.