Blockchain-as-a-service, called EC OpsChain, under the auspices of four major accounting and auditing firms, Ernst & Young, creates irreplaceable symbols (NFTs) for the award-winning Italian film La Leggenda Di Kaspar Hauser.
“EC teams worked with CinTech to design a business vision that disrupted the entertainment industry, helping filmmakers reach new audiences and increase revenue streams.”
CinTech, the Italian blockchain launch, is creating 62 NFTs with EC OpsChain for the 22 main scenes of Italian cinema.
Ownership of non-exchangeable marks is tied to their uniqueness. Therefore, NFTs differ from typical cryptographic characters in terms of interchangeability. Exchangeable tokens can be exchanged for another, while NFTs cannot be based on their limited nature.
Giuseppe Perrone, Director of the EC Block Chain, said:
“We are proud to support a new and innovative way to add value to the film industry. It shows the huge potential to take advantage of the blockchain and really shows how technology can provide benefits in different sectors. “
On the other hand, the founders of CinTech acknowledged:
“With this initiative, we will showcase how digital content or resources can innovate business models by creating new revenue streams and sources of funding.”
NFTs have emerged as a thriving sector in the cryptographic ecosystem. For example, Coca-Cola recently announced Launch of NFT collectibles in the form of virtual wearable items to be used to celebrate International Valentine’s Day.
In addition, Stoner Cats, an adult animation series recently sold under the name NFT foul The Ethereum network, which makes hourly fees, rose to $ 2.53 million due to high demand.
On the other hand, OpenSea, a popular marketplace, wrought $ 95 million worth of NFT transactions in two days, compared to the cumulative volume of $ 21 million recorded in full in 2020.
Platform founder and CEO Devin Finzer admitted that the NFT boom was crazy because it represented a unique blockchain technology application.
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