For Arbitrum, the decision to finance a crypto-related film underscores its dedication to fostering mainstream understanding and adoption of blockchain technology.
By Mayowa Adebajo
Edited by Julia Sakovich
Updated
3 mins read
In a move that seems to merge the worlds of cryptocurrency and cinema, the Arbitrum Foundation has announced its support for a forthcoming film project centred around the intricacies of digital assets. According to a recent report by TheBlock, the project will be spearheaded by Oscar-winning producer Shane Boris and is poised to redefine the narrative surrounding blockchain technology and its impact on society.
Titled “New Here”, the film aims to unravel how artists are using new technologies such as blockchain and artificial intelligence (AI) to shape the future.
As Boris said during an X space on Wednesday, the film will take a detailed look at the things that NFTs and NFT artists are capable of. He said partly:
“We’re experimenting with all different types of creative modalities and storytelling structure, and ideas of how to allow a film or piece of art to find, reach, and create new audiences.”
With the backing of the Arbitrum Foundation, renowned for its commitment to advancing blockchain solutions, the production promises to delve deep into the heart of the crypto ecosystem.
For Arbitrum, the decision to finance a crypto-related film underscores its dedication to fostering mainstream understanding and adoption of blockchain technology. By leveraging the power of storytelling, the foundation seeks to demystify complex concepts and showcase the full extent of the potential of these new technologies to the world.
It might be interesting to note that this is not the first time that the world of filmmaking and crypto overlap. In 2023, Decentralized Pictures similarly backed “The Quiet Maid” film with funds. However, the film saw most of its financing from selling NFTs.
This time, though, Arbitrum will be doing things differently with the “New Here” universe. According to the Foundation’s head of ecosystem development Nina Rong, the project is set to create a new digital realm that connects entertainment with digital ownership in ways that the film industry has yet to explore.
While details surrounding the plot and cast remain tightly under wraps, industry insiders anticipate “New Here” to offer a captivating exploration of the digital art world. From the highs of unprecedented innovation to the challenges of regulatory scrutiny, the film is poised to showcase what crypto looks like to a new user falling down the crypto rabbit hole.
As anticipation mounts for the release of “New Here”, enthusiasts and skeptics alike are eager to witness the convergence of Hollywood glamour and blockchain brilliance. With the Arbitrum Foundation leading the charge, this crypto-themed film is primed to make waves on the silver screen and beyond, solidifying its place as a blockbuster for the ages.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Mayowa is a crypto enthusiast/writer whose conversational character is quite evident in his style of writing. He strongly believes in the potential of digital assets and takes every opportunity to reiterate this. He's a reader, a researcher, an astute speaker, and also a budding entrepreneur. Away from crypto however, Mayowa's fancied distractions include soccer or discussing world politics.
