Arbitrum Foundation Funds Crypto Film

The Arbitrum Foundation, the organization behind the layer-2 solution of the same name, has decided to sponsor the “New Here” film project. The film’s content revolves around the perspective of a newcomer exploring and discovering crypto.

In this regard, the Arbitrum Foundation has established a partnership with the media company Dpop Studios to support “New Here.” The project will be partially produced by Shane Boris, who won an Oscar last year for the documentary film about Navalny.

“New Here” consists of 11 short episodes and is scheduled to be released throughout 2024. Additionally, the project will launch an NFT collection called “Glimpses” on the Zora blockchain. These NFTs are open-source art editions that help connect the film with the audience.

By owning the NFT corresponding to each part of the film, viewers can participate in a range of exciting experiences, connecting entertainment with digital ownership rights in a way the media and film industry have never done before.

However, this is not the first time the world has combined cinema with crypto. Last year, Decentralized Pictures, co-founded by Roman Coppola, son of the legendary director Francis Ford Coppola, sponsored the film “The Quiet Maid” through NFT sales.

ARB chart after the announcement from the Arbitrum Foundation

ARB/USDT chart on TradingView at 6:43 AM on February 22, 2024