Web3 and AI: The New Wave in Entertainment Funding

A major shift is happening in the entertainment world. Two big players, Goldfinch and Digital Genesis Fund, have joined forces. They have put together a $20 million fund. This fund will focus on Web3 and AI in the entertainment industry. The goal is to change how media is produced and financed. The plan is to use tokenization, artificial intelligence, and decentralized systems. This means creators and investors will have more control and transparency. The launch will happen at the TechCannes Industry event in Cannes. This is a big deal because it shows how serious they are about this new approach. After Cannes, they will travel the world. They will share their ideas and look for more partners. One of the first stops is Indonesia. There, they will show off new tech-driven products for Lumiere and The Squad. These products are a big part of their plan. They show how they want to mix entertainment with new technology. The new venture will focus on where entertainment meets new tech and digital media. They will look at projects that use tokenization, AI, the metaverse, and TMT infrastructure. This is a big change from the old way of doing things. It opens up new ways for people to invest and work together. Lumiere is one of their first big investments. It is a tokenized crowdfunding platform. This means people can invest in content before it is even fully scripted. This is a big deal because it changes how projects get funded. It also sets up a new way of working in the entertainment industry. The partnership also includes The Squad and MILC. global. The Squad is a Web3-native production studio. It uses decentralized financing and AI for storytelling. MILC. global is a metaverse platform. It is becoming a big production environment for both businesses and consumers. The goal is to give creators more power over their work. Investors will also get real-time updates on how things are going. They will work with companies like Arcware to make production and licensing easier. This will create a new way of working together. This new approach is all about giving creators more control. It is also about making things more transparent for investors. The idea is to future-proof the entertainment industry. This means making it ready for the changes that are coming. It is an exciting time for entertainment. New technology is changing how things are made and funded. This partnership is at the forefront of that change. They are building a new system. It is driven by AI, governed by smart contracts, and powered by creators and communities.