The Sundance Film Festival has embraced the use of blockchain technology in the film industry.
This year, the Slamdance Film Festival, an Oscar-accredited 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.
The CEO of Untold.io, Ali Aksu, stated that blockchain technology can democratize the financing process for filmmakers and open up investment opportunities to both accredited and unaccredited investors.
The platform has also supported other notable films, including The Comeback Trail, which features Robert de Niro and Morgan Freeman.
This is not the first time a film festival has seen crypto and blockchain components in films premiering.
In 2019, the Filmio blockchain platform attended the Sundance Film Festival to scout projects for its blockchain-based entertainment platform.
