ritestream is a media ecosystem in Web3 created for film and TV content producers founded by Riaz Mehta, a serial entrepreneur in the technology and media industry. The ritestream Launchpad empowers creators to bring Film/TV projects to life through an engaged community. It allows anyone to invest in their favourite projects via NFTs which generate revenues for decades and can increase in value over time. Blockchain Founders Fund, along with other VCs like Metavest Ventures, SOSV and many others fully support the vision of ritestream.
“By fractionalising ownership of film and TV content via NFTs, we are empowering both the creators and the community” says Riaz.
He adds, “Leading streaming platforms and studios will no longer be the only players when it comes to funding a project, and independent investors will be able to get involved. Each piece of content is unique and therefore a non-fungible token (“NFT”) in its own right.”
ritestream currently maintains a Content Marketplace with over 100,000 hours of content and more than 5,000 B2B customers. Along with the Launchpad, they will soon launch an NFT marketplace where consumers can purchase NFT passes, giving them guaranteed allocation of future NFT drops from celebrities, actors and film producers.
Aly Madhavji, the Managing Founder of the Blockchain Founders Fund, also shared his insights about how bullish the team is for ritestream. He said, “We’ve always been bullish on projects with sustainable long-term utility. We see Ritestream as a gateway for filmmakers and producers to have more control over their work. As a decentralized platform, ritestream will give more freedom to these creators.”
ritestream is a decentralized platform designed for creators to monetize their film and TV NFTs. Created by Allrites, this concept is revolutionizing the film and TV industry, where content has always been regulated only for certain platforms and territories. Ritestream allows NFT owners to sell their NFTs to generate revenue while democratizing content.
About Blockchain Founders Fund
Blockchain Founders Fund (BFF) is a Singapore-based early-stage Venture Capital Fund that invests in top-tier Blockchain startups globally. Their industry-leading go-to-market focused Venture Program aids seasoned and first-time entrepreneurs across key business functions to fast track growth. BFF has scaled many of the leading Blockchain startups and is always looking to connect with exceptional founders across the industry, including Web3, metaverse, gamefi, DeFi, and NFT.
For further information: Press contact: David Pipe | CMO, Email: [email protected]