Web3 technologies continue to infiltrate various mainstream industries to bring innovation to old systems. This includes legacy creative fields such as the music industry and, more recently, the film industry.
This year, the Slamdance Film Festival, an oscar-accredited film festival for indie filmmakers, will see the premiere of the new film Fuzzy Head, which received its funding through the blockchain-powered crowdfunding platform Untold.io.
Ali Aksu, the CEO of Untold.io, told Cointelegraph that filmmakers, like those on Fuzzy Head, could use blockchain technology to democratize their financing process and open up investment opportunities to accredited and unaccredited investors.
“The most important aspect of crypto/blockchain integrations in the film industry will be opening up a new asset class to all kinds of investors via compliant security tokens and increased fan