Untold.io has launched the first SEC-regulated, digital community and fairness investment platform in Hollywood, connecting merchants, filmmakers, and distributors to fund and curate mass divulge material, Coin Journal learned from a assertion.
Start to all merchants
It was created to democratize entertainment manufacturing, starting with film. The platform lets every form of merchants take piece as long as they meet the low minimum investment requirement of $1,000. They’ll invest by the utilization of Reg D to boot to Reg CF. Producers and merchants can signal up to checklist or toughen an already listed mission.
Untold raised $1m in 2021
Funded by angel merchants, the corporate performed its proof-of-thought piece final twelve months with a $1 million spherical for an self reliant characteristic film, which is in put up-manufacturing for the time being.
First movie launched this twelve months
The first film on Untold, titled “The Comeback Path,” shall be launched within the US in November 2022. It stars Tommy Lee Jones, Robert DeNiro, and Morgan Freeman.
The platform accepts ACH, credit score playing cards, checks, and wire switch. The company is following the digital asset ecosystem closely to integrate blockchain solutions within the approach future, including for funds.
CEO and founding father of Untold Ali M. Aksu acknowledged:
Untold was essentially based to acknowledge to the rising request for streaming divulge material. I’ve spent my complete career in Hollywood and Silicon Valley with winning exits with both Netflix and Universal Studios. For years, Hollywood has closed its doors, making it powerful for especially fairness merchants to toughen movies in a transparent formulation; now having a explore even further, we are leveraging blockchain skills to introduce simpler ways of investing in divulge material manufacturing, to present advantages love secondary markets and provide NFT perks matched with investment ranges.
About Untold
Untold was essentially based at MIT in 2018 and incubated in Silicon Valley’s Singularity University the following twelve months. It was created to flee up the manufacturing cycle and allow retail merchants to take piece in entertainment divulge material.
Amongst the advantages of winning projects are attendance at film premieres, NFT merch, and inclusion in credit score. Merchants can furthermore take half in streaming and TV presentations.
