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Cannes Aims to Bring Web3 to the Film Industry With First-Ever NFTCannes Summit

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variety.com

Carson Burton Cannes is bringing the metaverse to the film industry.The first-ever NFTCannes Summit will take place at this year’s Cannes Film Festival.

This annual event is designed to connect leading minds from the media and entertainment industry to innovators, creators and investors in web3.Officially kicking off on May 23 at the Hotel du Cap-Eden-Roc, the summit is run by a coalition of groups, including production studio Electromagnetic Productions (EMP), global cryptocurrency financial management company Galaxy Interactive, NFT app OP3N, leading blockchain platform Avalanche and private investing platform Republic.

The invitation-only event features conversations and panels that delve into the growing intersections between media institutions and web3 technologies.“The entertainment world has changed drastically over the last decade and become more prolific, competitive and innovative,” Kimsey said. “The decade ahead will see an even more dramatic transformation with the arrival of web3.

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