First Ever NFTCannes Summit at Cannes International Film Festival

Electromagnetic Productions (EMP) brings the first ever NFTCannes Summit to the Cannes Worldwide Movie Pageant. 

Cannes introduces the metaverse to the film industry.

 On May 23rd at the Cannes International Film Festival, Electromagnetic Productions (EMP) is in charge of bringing forth the first ever NFTCannes Summit at the well known Hotel du Cap-Eden-Roc. 

The Summit is run by a number of groups including production studio EMP, Global cryptocurrency Financial Management Company Galaxy Interactive, leading blockchain platform Avalanche, private investing platform Republic , and NFT app OP3N World. 

According to a tweet posted by @FilmUpdates,” The program will focus on the future of current NFT applications in film (including collectibles, financing and distribution), as well as Live Events and experiences.”

This highly exclusive, invitation only event, invites a wide variety of curated conversations and panels. Their ultimate goal is to dive into the dynamic, rising interactions between present media firms and Web3 applied technology.

Not only will they be focusing on expanding networks and community-building opportunities, they also plan to share revolutionary ideas impacting their audience and creatives.

“The entertainment world has changed drastically over the last decade and become more prolific, competitive and innovative,” Mark Kimsey, host and co-founder and co-CEO of EMP, says. “The decade ahead will see an even more dramatic transformation with the arrival of web3. As cinema’s preeminent global stage, the Cannes International Film Festival is the top destination for storytelling in film and NFTCannes signals the evolution of the film industry and opens the door to a new era of entertainment.”

Jaeson Ma, also host and co-founder of OP3N Studios adds, “We at OP3N are truly excited to co-host NFTCannes as the future of Hollywood and web3 is just beginning, and there is so much potential to completely revolutionize how premium content is not only financed and distributed, but how fan communities of IP can engage.”

Who is EMP?

EMP, Electromagnetic Productions, is a top-tier, premium movie and TV manufacturing studio. They’re integrating their movie studio with limited-edition NFTs that gives fans membership to their studio. Acclaimed creators, executives, producers and artists have been reported to join their company in Los Angeles. Their credibility lies in their previous partnerships with big studios and streaming services such as Disney, Fox, MGM, Sony, NBC, Apple TV+, Bravo, and CNBC