Neo, the cryptocurrency of the Smart Economy, has donated $150,000 to finance a short film by Shadow Brother Sunday through Degenz.wtf. A related action will involve an NFT auction of the movie’s original, physical frames, which were created on Neo’s blockchain.
Neo, the cryptocurrency of the Smart Economy, made a $150,000 donation alongside Degenz.wtf to finance the short film Shadow Brother Sunday.
In addition, following the short film’s premiere screening at the Tribeca Film Festival on June 9, Alden Ehrenreich, the director, and the entire cast of Shadow Brother Sunday took part in a post-screening celebration hosted by COZ in partnership with Degenz.wtf to reveal and auction off a brand-new NFT collection on the Neo blockchain that was linked to the short film’s original physical frames.
The OneBand ring, which uses Neo’s blockchain to connect the physical and digital worlds, was on display during the NFT auction.
A significant step forward in Neo’s plan to promote the usage of digital assets in the Smart Economy is OneBand, a physical ring that is cryptographically connected to an NFT, certifies ownership, and communicates with other apps.
All auction profits were given to Red Eye, a nonprofit organization whose mission is to support children’s futures through the arts by offering a 24/7 network for cultural producers, influencers, and leaders to enrich their lives and cultivate their abilities.
The Smart Economy, or Neo reaching new viewers with short films using cryptocurrency
Francis Ford Coppola, the famed director, serves as executive producer of the Vanishing Angle studio-produced movie Shadow Brother Sunday, which tells the tale of a foolish musician who goes home on the day of his younger brother’s movie premiere to steal and sell his computer to the paparazzi.
Because this is not a narrative about blockchain technology or the Smart Economy, the goal of Neo’s sponsorship appears to be to expand its reach.
Da Hongfei, the creator of Neo and the CEO of Neo Global Development,
said:
At Neo we always strive to push the boundaries and find novel ways to drive broader adoption and awareness of Web3 technology.
Our sponsorship of Shadow Brother Sunday is just the latest example of our philosophy in action.
This sponsorship allows us to reach new audiences with our mission of realizing the optimized digital world of the future, the Smart Economy.
It is simple to believe that Neo’s quest may have come true, starting with Shadow Brother Sunday director Alden Ehrenreich. In fact, Ehrenreich said as follows:
I had a great experience working with Degenz.wtf and Neo – the support they provided made it possible to make my film exactly as I wanted.
The idea that alternative forms of film financing can provide artists more creative freedom and chances for experimentation is very exciting to me.
I am very glad our auction and the sale of the film stills will help support the wonderful work that Red Eye is doing.
Recovering from the bear market of last week
The price of Neo (NEO), which fell from $9 to $7.5 over the past week, has been in a bearish trend (or bear market), similar to some of the other big crypto assets.
NEO’s price has only recently recovered, increasing to $7.90 at the time of writing.
Naturally, the “war on crypto” launched by the US SEC, which has accused Binance and Coinbase and labeled various crypto assets like ADA, SOL, and MATIC securities, is to blame for the current bear market.
NEO is not on the lengthy list, but it does not preclude severe effects on the cryptocurrency used in the smart economy.
Neo has finalized its affiliation with Alchemy Pay so that its consumers could buy cryptocurrency using their preferred local fiat currencies.
As a result, it serves as a gateway for payments in 173 nations using Visa, Mastercard, Discover, and Diners Club.
