Film.io DAO Surpasses 100 Million $FAN Staked Milestone, Cementing Momentum Towards Partnership with Madrid, Black Mirror Promotions

TORONTO - Aug. 14, 2024 - PRLog -- During the Canada Crypto Week at the Blockchain futurist Conference, Film.io, the world's first decentralized autonomous organization (DAO) for the film and entertainment industry, today announced a major milestone, surpassing $100 million in $FAN staked by its rapidly growing community. This achievement underscores the increasing momentum behind Film.io as it charts a course towards a series of community votes and events including Black Mirror NFT giveaways, and the highly anticipated collaboration with the City of Madrid in the Ventana Madrid prestigious film competition.

Since debuting at the Sundance Film Festival in January, Film.io has quickly established itself as a transformative platform in the entertainment industry. The launch of its governance token, $FAN, alongside strategic partnerships with industry innovators like Polygon, Pixelynx, Consensys VillageDAO, and CoinList has quickly solidified Film.io's position as a leader in decentralized film financing and production.

In less than a year, Film.io has attracted over 20,000 active DAO members and onboarded 250 original filmmakers with their projects. These creators are leveraging the power of Film.io community voting and decentralized governance to advance their projects in new and unprecedented ways to secure talent attachment, alternative financing, crowdfunding, and traditional licensing and distribution.

One such success story is Xavier Rull's "My Stalker", a thriller that has already begun building a dedicated fanbase on Film.io. Through the ongoing community vote, the project is securing financing, attracting top producers, and has been selected for inclusion in the exclusive Marché du Film at the Cannes Film Festival—demonstrating the potential of decentralized decision-making in the film industry.

"Every token staked is a vote for diversity, inclusion, and originality in storytelling for films and TV," said Christopher J. Davis, CTO at Ingredient X and Co-Creator of Film.io. "100 million FAN staked is a clear message that the world wants more of these things, and they are coming to Film.io to make it happen."

Film.io invites stakeholders in the film and crypto industries to join this revolution by staking FAN token to support innovative filmmakers and earn SuperFan credits. The FAN token can be staked and obtained on the Film.io dApp at (https://app.film.io), and on Uniswap and MEXC.

For more information visit https://www.film.io

About Film.io
As the leading decentralized filmmaking ecosystem, Film.io leverages blockchain technology to place Hollywood decision-making into the hands of creators and fans. Using the Film.io FAN governance token, members vote on film and TV projects, support their favorite creators and help more filmmakers grow fanbase and secure funding.