The Cannes Film Festival goes all in on its banter with the metaverse. The festival is set to host its first NFT Summit bringing together media, film industry and emerging technology professionals.
The Cannes Film Festival is preparing to organize its very first NFTCannes summit which will be held this year at the Cannes Film Festival. This is an annual event that aims to connect the best minds in the media and entertainment industry to key web3/metaverse players like investors, creators and innovators.
The first NFTCannes Summit takes place on Monday May 23 and will be held at the Hôtel du Cap-Eden-Roc. The summit will be coordinated by a coalition of groups that will include global cryptocurrency money management firm Galaxy Interactive, production studio Electromagnetic Productions, NFT app OP3N, leading blockchain platform Avalanche as well as investment platform private Republic.
It will be an invitation-only event and will include panels and conversations delving deeper into the emerging intersection between media institutions and Web3 technologies.
The NFTCannes Summit will focus on topics that cover the future of current NFT applications in entertainment (including funding, collectibles and distribution), live events and experiences as well as fan development opportunities and of communities.
This first NFTCannes summit will be moderated by Mark Kimsey, co-founder and co-CEO of EMP; Jaeson Ma, co-founder of OP3N Studios and Sam Englebardt who is the co-founder of Galaxy Interactive and Galaxy Digital.
The world of entertainment has changed dramatically over the past decade and has become more competitive, innovative and prolific and the next decade will see an even greater transformation in this industry thanks to web3, Kimsey said. He said the NFTCannes summit signaled the evolution of the film industry and ushered in a new era of entertainment on the world’s biggest film stage, the Cannes Film Festival.
OP3N’s Ma expressed his excitement about hosting the Metaverse Summit and said that web3 holds huge potential to “completely revolutionize” the way premium content is funded and distributed as well as the way IP fan communities can engage.
The NFT Summit will be all day long and begin after the first annual Producers Luncheon.
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