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Untold.io launches Hollywood’s first SEC-regulated Web3 community and equity investment platform that connects investors, filmmakers, and distributors to fund and curate mass content. Producers and investors can sign up to list or support projects that are already listed.
Funded by angel investors, Untold completed a proof-of-concept phase last year (2021) in a One Million Dollar round of independent feature films. It is currently in post production.
It was created as a next generation pre-vetted content (movies, streaming, tv series…) production platform that uses blockchain to expand and democratize entertainment investors. The platform is the first in the entertainment industry to be open to all types of investors with a minimum investment requirement of a thousand dollars, accredited and non-accredited investors alike can invest via Reg d and Reg cf.
There is a KYC process that must be completed, currently the company uses North Capital Investment Technology for their KYC. Filmmakers also have addition requirements and vetting that must be completed, a U.S incorporated company and a detailed business plan are top on the list.
The platform accepts ACH, credit cards and wire transfers. The company is closely tracking its digital asset ecosystem to integrate blockchain solutions in the near future, including payments.
Untold CEO and Founder, Ali M. Aksu said:
Untold was founded to meet the growing demand for streaming content. I’ve spent my entire career in Hollywood and Silicon Valley with success at both Netflix and Universal Studios. For years, Hollywood has closed its doors, making it especially difficult for equity investors to support movies in a transparent way. Taking a closer look, we’re leveraging blockchain technology to introduce an easy way to invest in content creation, offering benefits such as the secondary market, and NFT benefits that match your investment level.
Starring Tommy Lee Jones, Robert De Niro and Morgan Freeman – Directed by George Gallo,
The movie is scheduled to be released in the United States in November 2022. This will be the company’s first movie release.
Untold was founded at MIT in 2018 and was cultivated at Singularity University in Silicon Valley the following year. It was created to speed up the production cycle and allow private investors to participate in entertainment content.
