Investment platform Untold.io on Wednesday introduced an fairness crowdfunding platform for Hollywood that connects filmmakers, buyers, and distributors to curate and fund mass content material.
Seeking to democratize the manufacturing of leisure content material, beginning with movies, Untold affords each accredited and non-accredited buyers a chance for a minimal funding of $1,000.
The platform is registered with the U.S. Securities and Exchange Commission (SEC).
Untold mentioned it should leverage blockchain expertise to spend money on content material manufacturing, present advantages like secondary markets and provide NFT perks matched with funding ranges.
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The firm is intently observing the digital asset ecosystem to implement blockchain options down the highway, together with however not restricted to funds.
“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,” mentioned Ali Aksu, worldwide movie producer and founder-CEO of Untold.
“All projects go through an extensive due diligence process to feature projects from major and minor studios, senior production houses, and independent producers, while offering both retail and institutional investors a simple, cyber-secure means to invest,” he added.
The first challenge on the platform is titled “The Comeback Trail,” starring Robert Deniro, Morgan Freeman, and Tommy Lee Jones, and can be launched within the U.S. in November.
Screenshot of the crowdfunding platform for ‘The Comeback Trail,’ courtesy Untold.io
“I’ve spent my entire career in Hollywood and Silicon Valley with successful exits with both Netflix and Universal Studios,” mentioned Aksu.
He additionally mentioned Hollywood had stored its doorways closed for years, making it tough for fairness buyers to assist movies in a clear method. Blockchain expertise will be leveraged to introduce simpler methods of investing in content material manufacturing, to offer advantages like secondary markets and provide NFT perks matched with funding ranges, Aksu mentioned.
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