Just days before the May 22 launch, Nutopia has entered into a collaboration with the UCLA Accelerator Program. The pioneering Blockchain-powered entertainment financing platform targeting content creators has just announced that it is now open for submissions.
Nutopia is a Blockchain-based entertainment financing platform, is a vital project created under the guidance of the UCLA Venture Accelerator program. It is the accelerator's expansive office space, readily available expert consultation, and the extensive alumni network that helped Nutopia take off.
According to the founder and CEO of this platform, June Chu, the main focus of Nutopia is to shift the overall mentality of content creators from the studio to their hands. Ideally, it is an empowerment project that aims at changing the often believed thought that studios and mini-majors are core in a content creator's journey.
Nutopia is designed so that token power it. What this ‘tokenization‘ program is all about is to essentially break down the tokens into cryptocurrency shares that could be traded within the ecosystem. This whole arrangement, according to Jeffrey Wernick, one of the earliest cryptocurrency financiers, is enough to create the change that Nutopia is all about.
Wernick who is one of the earliest investors of Uber said that through the “tokenization” program, every participant automatically becomes a partner and a peer. Also, the entire community would be making important decisions through a consensus. To him, tokenizing the entertainment industry is inevitable and Nutopia is now at the forefront of it.
Already, this blockchain-backed entertainment funding platform is accepting submissions. Content creators who would like to be part of the new experience are invited to visit nutopia.io and submit their projects.
Who Is Nutopia.io?
Nutopia IO is an LA-based blockchain-powered technology company with its own crypto token and an exchange. It identifies itself as the pioneering blockchain project intended to disrupt the ordinary entertainment industry by introducing the exciting technology. Nutopia would like to enhance interaction between the various stakeholders in the industry while making everything open and transparent.
It aims to decentralize production and distribution aspects of content by creating a fool-proof online ecosystem where creators will mass-produce their content. A Beta version of the actual project is now up and running as work on the project's official launch in July is underway.
Who Is The UCLA Anderson Venture Accelerator?
It is a 6-month, immersive program designed to help promising startups take advantage of UCLA's resources and take off. The program allows the projects selected to gain valuable expertise from the university as well as the friendly relationship the program has with the Anderson alumni community. Companies admitted to participating in this accelerator program tend to succeed because of the co-working and networking they get.
So far, this LA-based program has managed to see off 25 startups, raising over $2 million in funding in the process. Los Angeles is one of the places with fast-growing Venture Capital market, and this has also contributed to the success of the UCLA Anderson Venture Accelerator.