A brand new movie about pseudonymous Bitcoin creator Satoshi Nakamoto will likely be crowdfunded by way of a token sale.
The sale for “I Am Not Satoshi” will happen on a brand new Avalanche-based funding platform, Republic.
Greater than 13 years after Bitcoin debuted, the query nonetheless lingers: Who is Satoshi Nakamoto, the pseudonymous creator of the primary and largest cryptocurrency? Many have tried and did not definitively discover out through the years, however a documentarian plans to discover the phenomenon as soon as extra with a brand new movie funded by way of an Avalanche-based platform.
White Paper Movies and director Chris Cannucciari as we speak introduced that they may elevate funds to movie “I Am Not Satoshi,” a feature-length documentary that goals to supply an entire take a look at the search. Cannucciari is the director behind 2016 documentary, “Banking on Bitcoin.”
“I Am Not Satoshi” will spotlight the crypto world’s pursuit of Satoshi, who went silent not lengthy after Bitcoin’s launch and has not been heard from in a few years. The movie will spotlight among the searchers’ theories over the particular person (or individuals) behind the pseudonym, however will even discover why some consider that Satoshi ought to stay unknown.
“The movie depends on the phrases of Bitcoin’s early adopters, journalists, and Satoshi’s mentors to information us by way of the thriller,” mentioned Cannucciari, in a launch. “Specialists and witnesses will assist us perceive the occasions main as much as and following Satoshi’s disappearance. Our objective is to inform this story earlier than historical past turns into a fantasy.”
The movie will likely be funded by way of funding platform Republic on Avalanche utilizing the Movie Finance Providing (FFO) framework developed by Ava Labs. Backers will be capable of buy tokens to assist convey the movie to life, and Ava Labs expects to see quite a lot of different filmmakers use the platform to fund their very own future initiatives.
“I Am Not Satoshi” marks Avalanche’s first steps into the rising Web3 movie world, with tokens and NFT collectibles used to assist crowdfund growth of flicks. Avalanche is a community constructed for decentralized apps, video games, and NFTs, and has been billed as one in every of many potential “Ethereum killers.”