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Hollywood is planning a Sam Bankman-Fried movie based on Going Infinite

Apple Studios and A24 are reportedly planning to adapt Michael Lewis’ book on the rise and fall of the former FTX CEO into a feature film.

Sam “SBF” Bankman-Fried may still be looking at 25 years in prison, but production companies are reportedly developing a film based on the former FTX CEO’s rise and fall from grace.

According to a Nov. 12 Variety report, Apple Studios and A24 are co-developing and co-producing a feature film about Bankman-Fried based on Michael Lewis’ book Going Infinite: The Rise and Fall of a New Tycoon. Lewis released the book in October 2023, on the day the former CEO’s criminal trial began in New York.  

Some critics of Lewis’ book claimed that the Big Short author downplayed the impact of Bankman-Fried’s actions on millions of investors, who were locked out of their accounts and could not access a combined billions of dollars. A portion of the book focused on SBF’s effective altruism and how it may have influenced events leading to his misuse of customer funds.

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‘Dutch & Razzlekhan’ — A Cinematic Dive Into the Bitfinex Hack

<div>‘Dutch & Razzlekhan’ — A Cinematic Dive Into the Bitfinex Hack</div>The intricate saga of the Bitfinex heist, involving the disappearance of $4 billion in bitcoin, is being adapted for film. “Dutch & Razzlekhan” aims to vividly depict the bold cryptocurrency theft that impacted the cryptocurrency sector in 2016. From Heist to Hollywood: The Bitfinex $4 Billion Scandal Hits the Big Screen Directed by Jon S. […]

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SAG-AFTRA strike ends as AI deal reached, Hollywood still torn

The 118-day Hollywood actors’ union strike came to an end with an agreement on AI usage, though not everyone in the industry sees it as the right move.

The Hollywood actors’ union SAG-AFTRA concluded its strike on Nov. 9 after 118 days of picketing with new deals on various proposed stipulations including artificial intelligence (AI) usage. 

Since then, the union has released a summary of its final deal with studios, which included nearly 4.5 pages of AI guidelines and a digital pamphlet spelling out the agreed-upon AI regulations for the industry.

SAG-AFTRA AI guideline digital pamphlet. Source: SAG-AFTRA

The AI agreement is expected to come into effect 90 days after the ratification of the agreement. Its terms include defining AI in industry terms, the digital replication of performers and background actors, digital alterations and the establishment of semi-annual meetings between the union and producers over generative AI use.

According to a report from Rolling Stone, the contract was approved by 86% of the board of Screen Actors Guild-American Federation of Television and Radio Artists and is going to union voters on Nov. 12 with a 21-day voting period.

A new type of digital asset

The deal defines and establishes coverage for the creation, use and alteration of “digital replicas” of performers. These digital replicas are copies of the voice or likeness of a performer for “portraying the performer in photography or soundtrack in which the performer did not actually perform.” 

These “digital replicas” are categorized by those made in employment with studios and those made independently. Compensation for the latter will be bargained by the actors themselves, however for those employed directly from studios, compensation will be for the creation and use of their AI replicas and its use in any additional projects or other mediums - plus normal residuals.

It also laid out a definition for a new type of actor called a “synthetic performer.” Under the terms of the agreement, this is a “digitally-created asset” that “is intended to create, and does create, the clear impression that the asset is a natural performer who is not recognizable as any identifiable natural performer.”

When it comes to the replication of background actors, the agreement seems to shield them from potential replacement saying that:

“Replicas must not be used to meet the background counts for the day. Replicas will not be used to avoid the engagement of background actors.”

The agreement stresses that explicit and “conspicuous” consent from the actor, either principal or background, is needed during the replication process, both for its use in the production for which it is made and for any future use.

Related: Hollywood studios offer new proposal for AI and data transparency to curb strike

This also includes consent for digital alterations to the performer’s performance in “previously recorded material unless it remains substantially as scripted, performed and/or recorded” and producers must provide a “reasonably specific description” of the alterations they would like to make. 

For background actors, the agreement said if “lip or facial movements are altered to make it look like a background actor is speaking, and dialogue is added, they will be upgraded to a day performer.”

Mixed reactions from Hollywood

Reactions from industry insiders to the agreement have been mixed, and alternate between praise for the deal and excitement to move forward, and believing more could have been done and fearing for performers. 

Director and producer Justine Bateman expressed her disagreement with the decision on social media. She called the AI permissions “violating” and said she was disappointed in the SAG-AFTRA leadership.

On the other hand, actor Jason Winston George, a negotiating committee member on the deal, took to X (formerly Twitter) to defend the agreement.

“Not only is it unrealistic and impossible to try and hold back the tide when it comes to technology, these new SAG-AFTRA protections actually allow you to surf the wave of AI technology when it comes to the use of your face and likeness.”

He said if a company wants to pay him by a rate he negotiated to use his AI double while he “stays at home—or better yet to work another job,” he’s on board.

However, he also said there may still be “a fight someday against Synthetic Fakes, completely AI-generated characters that don’t look like any individual performer.”

On the side of Bateman, actor Rainn Wilson, famous for his role in the sitcom The Office, mocked the deal, asking what would happen if actors disagree with the deal. Will they be replaced by AI actors?

The end of the SAG-AFTRA strike comes about a month and half after the Writer’s Guild of America (WGA) strike ended on Sept. 24. The WGA strike was also negotiating industry practices, among which AI usage in writer’s rooms was a critical negotiation. 

Magazine: ‘AI has killed the industry’: EasyTranslate boss on adapting to change

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Sundance Film Festival embraces blockchain and crypto film initiatives

Film festivals have seen an increase in blockchain and crypto-funded film projects and initiatives as Web3 technologies continue to merge with the entertainment industry.

Web3 technologies continue to infiltrate various mainstream industries to bring innovation to old systems. This includes legacy creative fields such as the music industry and, more recently, the film industry.

This year, the Slamdance Film Festival, an oscar-accredited film festival for indie filmmakers, will see the premiere of the new film Fuzzy Head, which received its funding through the blockchain-powered crowdfunding platform Untold.io. 

Ali Aksu, the CEO of Untold.io, told Cointelegraph that filmmakers, like those on Fuzzy Head, could use blockchain technology to democratize their financing process and open up investment opportunities to accredited and unaccredited investors.

“The most important aspect of crypto/blockchain integrations in the film industry will be opening up a new asset class to all kinds of investors via compliant security tokens and increased fan engagement via NFTs.”

Recently, Untold partnered with Dapper Labs to accelerate the technology and allow wider access to its programs. The platform has also supported other notable films, including The Comeback Trail, which features Rober de Niro and Morgan Freeman. 

Related: Bluechip NFT project Moonbirds signs with Hollywood talent agents UTA

This is not the first instance of a film festival seeing crypto and blockchain components in films that are premiering. In 2019 the Filmio blockchain platform attended the legacy Sundance Film Festival to scout projects for its blockchain-based entertainment platform.

Last year, Liquid Media Group announced its first blockchain film streaming with a slate of digital panel presentations during the Sundance festival. The company also presented the impact of nonfungible tokens (NFTs) on filmmakers and their communities.

In 2022, Russel Crowe’s Prizefighter film used NFTs to partly fund its production and became what the director called an “audience-driven film.”

Aksu said that the utilization of blockchain-based tools by legacy directors and major festivals brings visibility to these tools for independent filmmakers who would highly benefit from them.

“These are also great opportunities to create a real community behind revolutionary movements like blockchain.”

Last year, film director Anthony Hopkins sold out an NFT collection based on characters in films he had already released.

Quentin Tarantino also created NFTs based on his ionic film Pulp Fiction. However, he was later involved in a major lawsuit with the film production company over copyright infringement.

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Chinese Researchers Claim Success in Breaking RSA Encryption With Quantum Computer, Experts Debate Veracity of Discovery

Chinese Researchers Claim Success in Breaking RSA Encryption With Quantum Computer, Experts Debate Veracity of DiscoveryAccording to reports circulating on the web, 24 Chinese researchers have reportedly succeeded in breaking RSA encryption using a quantum computer. This would be a significant achievement, as RSA encryption is widely used in current security practices. However, a number of experts, computer scientists, and cryptographers do not believe the researchers have made a significant […]

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Coinbase CEO announces documentary on cryptocurrency and exchange

Armstrong said that the documentary will capture “the good, bad, and ugly” of building a tech start-up from the ground up.

Coinbase co-founder and CEO Brian Armstrong announced in a series of tweets on Oct 4 that a crypto centric documentary capturing his journey of building a tech start-up from the ground up will be available this Friday on Amazon Prime, iTunes, Youtube, and other streaming platforms.

The documentary — “Coin: A Founder’s Story” — intends to pull back the curtain and show people what it's really like to build a tech company from the ground up and encourage others who want to do the same.

According to the CEO, documentary director Greg Kohs and his team had “unprecedented access” to Armstrong's company, capturing the crazy ups and downs over the span of the last three years. The announcement said that the documentary will capture “the good, bad, and ugly” of building a tech start-up from the ground up, to becoming a public company.

Armstrong shared, “I agreed to do this documentary because I wanted to demystify what it takes to build a tech startup and encourage more people to start companies. I also wanted to demystify crypto.”

The CEO also said he hopes to show that tech founders are just regular folk trying to create a product that people want, adding that “everyone working in crypto believes it can create a more fair, free, and global financial system.”

The CEO encouraged everyone to watch the film, including policymakers, as he believes it will help advance the cause of cryptocurrency, as well as show the motivations of many hard-working individuals steering the industry forward.

On Sept 26, Cointelegraph reported that blockchain company, Veritaseum was suing Coinbase for $320 million dollars in an alleged patent infringement case.

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Crypto Giant Coinbase Making Interactive Trilogy Film That Features NFT Collection Bored Ape Yacht Club

Crypto Giant Coinbase Making Interactive Trilogy Film That Features NFT Collection Bored Ape Yacht Club

Top US-based crypto exchange platform Coinbase says it’s making a three-part film series featuring the Bored Ape Yacht Club non-fungible token (NFT) community. In a new tweet, the crypto exchange says that members of the NFT-based community can help create the trilogy by submitting their Bored Apes for casting. According to the Bored Ape Yacht […]

The post Crypto Giant Coinbase Making Interactive Trilogy Film That Features NFT Collection Bored Ape Yacht Club appeared first on The Daily Hodl.

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AMC Theatres mobile app accepts Dogecoin, Shiba Inu and more

AMC Theatre CEO Adam Aron disclosed that the iOS and Android mobile apps accept crypto payments via integration with BitPay, a bitcoin payment service provider.

AMC Theatres, an American pro-crypto movie theater chain, updated its mobile app services to accept Dogecoin (DOGE), Shibu Inu (SHIB) and other cryptocurrencies as payment across the United States. 

AMC Theatres first started accepting crypto payments back on Nov. 12, 2022, which allowed customers to purchase movie tickets online using Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH) and Litecoin (LTC).

On Jan. 6, 2022, Adam Aron, the CEO of AMC Theatres, promised users via a tweet to include meme tokens DOGE and SHIB by March. While slightly delayed, Aron’s team delivered.

In the announcement, Aron disclosed that the AMC Theatres iOS and Android mobile apps could accept crypto payments via integration with BitPay, a bitcoin payment service provider. 

However, the names of the other newly supported cryptocurrencies are yet to be revealed. To use the feature, users in the U.S. are advised to download the latest version of the mobile app.

Related: Singaporean fintech adds Bitcoin payments for merchants with BitPay partnership

Nium, a Singapore-based cross-border payments firm, released an API-based solution in partnership with BitPay, which allow businesses to start accepting payments in crypto — starting with BTC and ETH.

As Cointelegraph previously reported, crypto payments via BitPay are converted and sent to merchants' accounts in U.S. dollars or other fiat currencies the next business day.

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Nifty News: Bored & Hungry? Or want to listen to a podcast hosted by a Mutant Ape?

Bored Ape Yacht Club owners can take advantage of IP rights by auditioning for a BAYC movie trilogy, while other popular NFT characters now make up the cast of iHeartMedia's latest podcast venture.

Bored Apes take on the restaurant and movie business

The Bored Ape Yacht Club, or BAYC, NFT holders own the intellectual property rights to their specific apes and can use the likeness of their ape(s) for commercial purposes. One such BAYC member, Andy Nguyen, decided to open a Bored Ape-themed restaurant aptly named Bored & Hungry in Long Beach, California. 

Nguyen is a food entrepreneur who has co-founded various other culinary concepts in the Orange County area. He is the owner of Bored Ape #6184, which he purchased for $267,000, and also owns two Mutant Apes. The opening took place this past weekend and Bored & Hungry is the first restaurant to accept both Ether (ETH) and ApeCoin (APE) as a form of payment. 

Nguyen revealed to HypeBeast that his purpose is to "show people that you can create a brand/business out of this IP. Taking away the stigma of, ‘It’s just a jpeg.’”

In other BAYC news, Yuga Labs has partnered with Coinbase to produce a film trilogy featuring the BAYC community. The first movie in the trilogy, with the length of a short, will premiere at the NFT.NYC conference in June.

The official website denominated the upcoming franchise as "The Degen Trilogy" but doesn't offer details as to what it will be about, merely saying “something is coming” and “probably nothing.” Reminiscent of the Yuga Labs' announcement for BAYC’s forthcoming metaverse called Otherside, prospective fans can only connect their Coinbase accounts for now.

Meanwhile, Yuga Labs invited Bored Ape owners to audition for roles in the trilogy by submitting their Apes and an accompanying backstory. If an owner’s Ape is chosen, they are subject to receive a $10,000 licensing fee, paid out in either Bitcoin (BTC) or APE.  

Related: NFT creator Yuga Labs raises $450M, bringing company valuation to $4B

iHeartMedia to bring to life NFT characters in a podcast

iHeartMedia, one of the largest radio outlets in the United States, scooped up its own Mutant Ape and multiple NFTs from other prominent collections to herald the company's entrance into Web3. While Axios first reported the news last week, iHeartMedia officially announced on Tuesday the creation of an NFT-based podcast network called the Non-Fun Squad, short for nonfungible. Using the IP of their owned profile picture (PFP) NFT collections, the podcast will center around and use the voices of the characters in the Non-Fun Squad.

iHeart-owned NFTs include CryptoPunk #2821, Mutant Ape #10144, World of Women #7147 and #7730, as well as those from emerging NFT projects, including CrypToadz #5947, Loot for Adventurers #2020, and Quirkies #307 and #1988. This may be the first time that individual NFT characters will be given their own personalities and the opportunity to interact with each other within the media and audio spaces.

iHeartMedia partnered with the crypto platform Anchorage Digital, who tweeted about the announcement. 

China’s Sichuan province launches NFT marketplace

Despite the Chinese government's wariness regarding cryptocurrency and NFTs, the Sichuan Province Department of Culture and Tourism in southern China announced they are developing an NFT trading platform. The purpose, they said, is to “encourage the music industry to actively adopt modern technology.” China uses the terms digital collectibles and NFTs interchangeably in the statement. 

Reportedly, there already existed a local music NFT platform that the government is now backing, while the local blockchain company will continue to develop the project. Sichuan is allegedly a hot spot for the production of modern Chinese music.

Another NFT project backed by China's Shandong province’s state-run television station revealed its own plans to develop its own blockchain and issue NFTs on its marketplace. Meanwhile, China's popular WeChat messaging app continues to suspend some accounts linked to NFTs and supposed speculative activity. 

Other Nifty News

The CryptoVoxels metaverse will be the home of the Spells of Genesis (SoG) trading card exhibit, which is part of a virtual NFT history museum. The SoG game celebrates five years of gameplay and hopes to honor its own rare SoG cards as well as assets from various other popular NFT collections.

A Nansen report found that the rapid growth of the NFT market, which is larger than that of the cryptocurrency market year-to-date, may be due to Blue Chip and Metaverse NFTs sales. The report cites collections like Azuki, Clone X and Doodles that have surged in popularity, and even predicts that the NFT market will reach an $80 million market cap by 2025.

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NFTs to help brewers and farmers preserve UNESCO Belgian beer heritage

As a part of the partnership, Zeromint will mint and offer exclusive NFTs on the GoChain blockchain, which will be made available for international beer fans via BBA.

Brewers and farmers from Belgian Barrels Alliance (BBA) have partnered with Zeromint to offer nonfungible tokens (NFTs) aimed at preserving the UNESCO recognized Belgian beer culture and heritage. 

As a part of the partnership, Zeromint will mint and offer exclusive NFTs on the GoChain blockchain, which will be made available for international beer fans via BBA. Starting today, the organization will run several BBA NFT collection projects around sustainability and the preservation of Belgian beer heritage for the next 14 days.

According to the official statement, the first Belgian Barrels NFT auction will be used to recruit 11 participants for acting in a BBA-produced movie titled Belgian Barrels:

“The aim of the movie project is to further eternalize the Belgian Beer history through a professional cinematic movie production, which BBA plans to promote and distribute globally.”

In addition, the NFT winners will join a whitelist VIP access to all BBA events and access to vintage beer menus and exclusive bottles at BBA clubs. “Eighty percent (80%) of the revenue generated from the NFT auction will go towards a local charity in Belgium,” the announcement stated. Tom De Block, Co-founder of the Belgian Barrels Alliance added:

“Belgian beer is not just beer. It is a rich and complex history about old families and true people that became legends. It is simply an honor to open some of their bottles and to tell their story.”

The Alliance also plans to launch NFTs initiatives to promote tree plantations and learn specialized artisan skills and traditions in addition to building engagement and reward opportunities for beer fans and enthusiasts.

Related: Vodafone auctions world’s first SMS 'Merry Christmas' as NFT for charity

British telco giant Vodafone announced plans to create an NFT of the world’s first Short Message Service (SMS) and auction the proceedings to the United Nations High Commissioner for Refugees (the UN Refugee Agency).

The SMS, that reads “Merry Christmas,” was sent 29 years ago over the Vodafone network on Dec 3, 1992, to Richard Jarvis, an employee at the time.

As Cointelegraph reported, the historic 15 character-long SMS will be auctioned off in a one-off sale conducted by the Aguttes Auction House in France.

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