Thursday, March 28

Actor Michael Douglas rewards the best young filmmaker with bitcoin


The 4th Annual International Youth Media Festival, Meihodo, handed out its prizes in bitcoin (BTC) and non-fungible tokens (NFT) for the first time on Saturday, January 22. In total, they distributed more than USD 120,000 among the best ten participants. The actor and filmmaker Michael Douglas was the one who gave the main prize.

The festival, which was created in 2018 in Japan and this edition was held in New York, aims to support and promote young international creators of independent cinema. The three categories this year They were drama, documentary and musical under the theme “dreaming big in the digital revolution”.

To make more sense of the 2022 theme, the academy decided to award the awards in digital assets. He gave away a personalized NFT in Open Sea of ​​the cover of the three best films in each category, with the signature of Michael Douglas and distributed between them more than USD 100,000 in bitcoin.

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In addition, the event was consecrated with the delivery of USD 20,000 in cryptocurrency to the winning film of the “Grand Prize”. The same was delivered by Michael Douglas, who was the guest of honor as an example of success for the participants. The organization stated that chose bitcoin to deliver the prize money for its popularity world as the main cryptocurrency.

Bitcoin is coming to the big leagues of cinema

James Zhang, the Vice President of Meihodo, stated: “This year, as we celebrate the next generation of film artists and employ new award features like NFTs and cryptocurrencies, we are incredibly honored and excited to have Michael Douglas join us.”

He also added: “We are focusing on innovation. Michael has always done that in his career and has limitless wisdom to share with the movie stars of tomorrow.” This is how he introduced the famous actor, whom he honored for his career in the industry starring in films like “Wall Street” or “The Kominsky Method.”

actor-michael-douglas
Michael Douglas was in charge of giving the main prize of the Meihodo film festival in bitcoin. Fountain: Georges Biard / wikipedia.org

In response, Michael Douglas said: “I have had the good fortune to work in the film business for decades and am honored and excited to connect with young filmmakers.” As part of the event, In addition to being in charge of delivering the main prize in bitcoin and NFT, he also advised the participants from his experience in the cinema.

This is not the first time that bitcoin has taken sides in the film industry in the United States. As reported by CriptoNoticias, the Regal cinema chains and also AMC enabled payments with the cryptocurrency in 2021.



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