On September 12, CyberPictures, a high-quality RWA asset issuance platform focusing on the entertainment industry, and Odaily jointly held the INCEPTION - The Future Of Web3 Entertainment offline event during Singapore Token 2049.
Many important guests came to the scene. CyberPictures President Jonah Greenberg and Operation Head Mihwak Yang gave speeches, announcing the official launch of the platform, comprehensively explaining the vision of CyberPictures, and launching the platforms first RWA project Omeebo.
Investors such as Co-Founder Allen Su of ArkStream Capital, Founder Mindao Yang of dForce, Lead of research and innovation Ryan Chen of DigiFT, Advisory Partner Jonathan Han of Republic Crypto, and Founder Xiaochen Wang of PSE Trading participated in the theme RWA: A roundtable discussion on The Key to Next Era.
As a producer and supervisor who has been deeply involved in the traditional film and television industry for many years, President Jonah Greenberg of CyberPictures said: Although the current film market has considerable box office revenue, the global film industry still faces sustainability issues, such as tight budgets, reduced production, frequent strikes, It is difficult to raise funds, the creation and production process is lengthy, and various problems are prone to occur.
He mentioned that when he recently communicated with industry veterans such as Wu Zhenyu, the other party lamented that twenty years ago was the golden age of the film industry, when raising funds and realizing content ideas were easy and happy. Nowadays, it is difficult to make a movie, and many times it is People who have nothing to do with the movie itself decide whether a movie is worth shooting and whether it can come out. This is a disservice to both high-quality content creators and viewers who want to watch good content.
Now CyberPictures will make this process efficient through the decentralized approach of Web3, innovate the film industry, upgrade business models, and strive to bring audiences and content closer, connect creators and audiences/users, and issue RWA assets This method allows audiences to participate in the production and copyright of movies early, supporting high-quality content and earning profits at the same time. He said that this new trend excites him and other filmmakers with excitement and anticipation.
Next, Operation Head Mihwak Yang of CyberPictures gave a detailed introduction and analysis of how the platform will conduct business and connect creators and audiences/fans - CyberPictures will provide creators with fundraising, community building, incubation and consulting One-stop service and provides fans with rights and interests at different stages and levels.
Specifically, in order to meet different needs, there are three main types of film and television RWA assets that CyberPictures can provide:
The first is their original IFO (Initial Film Offering), which is aimed at the early or mid-stage, with high investment returns but certain risks; the second is STO, which is aimed at mid- to late-stage film investment. CyberPictures will cooperate with the compliance platform Republic. Jointly launch STO; the third type is mainly aimed at later projects and focuses on the fan economy. For example, it can issue NFT, bind various content consumption rights, and even allow fans to participate in movie content, named roles, etc., to experience and participate in film production in depth.
In addition, Mihwak Yang was also on hand to demonstrate Omeebo, the first film RWA project on the CyberPictures platform. It is a new film and television project created by Philip Gelatt, the screenwriter of Love, Death and Robots, and Patrick Jean, the producer and screenwriter of Pixels. IP, users can participate in the film and television project by holding NFT. Mihwak Yang played a short trailer at the scene and said that he would scan the QR code to register on the platform to participate and obtain points. In the future, there may be opportunities to receive airdrops. The project gained a lot of attention from the audience. enthusiastic response.
In the subsequent roundtable discussion session, ArkStream Capital Co-Founder Allen Su, dForce Founder Mindao Yang, DigiFT Lead of research and innovation Ryan Chen, Republic Crypto Advisory Partner Jonathan Han, and PSE Trading Founder Xiaochen Wang expressed their opinions on the current hot market RWA competition. The opportunities and risks facing Tao were discussed in depth.
The guest mentioned that the main hot spots of RWA are currently concentrated in subdivided areas such as tokenized treasury bonds, but it is expected to expand to all fields in the future. In addition to standardized assets, entertainment tracks such as film and television are also available to ordinary users as alternative assets. Has a unique appeal.
They will continue to pay attention to the subsequent business progress of CyberPictures and look forward to CyberPictures changing the traditional film industry while opening up incremental traffic entrances for new Web3 narratives and creating a new application track.
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