Ovenue and Enderby Entertainment form strategic partnership to tokenize and fund film production through blockchain technology
San Francisco, Calif., Feb. 14, 2023 (GLOBE NEWSWIRE) — Ovenue Inc. which develops state-of-the-art artificial intelligence and blockchain-enabled Platform-as-a-Service (PaaS) technology for launch valuation, tokenization, and asset monetization in the real world, today announced a partnership with Enderby Entertainment, a global film, television and digital media company providing production and post-production services. Ovenue and Enderby have identified significant synergy in their collaboration to develop a tokenization and monetization platform for film financing. Ovenue’s blockchain PaaS platform will enable Enderby Entertainment to create a completely new alternative to today’s film financing, through a decentralized finance protocol for capital-backed financing. This partnership will provide investors with access to a state-of-the-art platform for film asset ownership.
In 2022, Ovenue launched an artificial intelligence and blockchain-enabled valuation and financing infrastructure with over $400 million in Tokenized Assets Valued (TAV) including franchises, brands, real estate portfolios and life science patents. The platform now has a valuation and tokenization layer, an asset-backed non-fungible token (NFT) marketplace for transactions, and a decentralized finance protocol for borrowing and lending against these assets. Ovenue’s technology has evolved as a no-code, PaaS for asset tokenization and decentralized finance covering multiple asset classes.
“Our partnership with Enderby will enable the use of Web3-related technologies to remove friction from multi-party transactions, improve data processing and accelerate transactions in the film industry”, commented Ram Shanmugam, CEO and co-founder of Ovenue.
Enderby Entertainment was founded in 2006 by partners Rick Dugdale and Daniel Petrie, Jr. as a leader in global entertainment production, visual effects and post production. In 16 years, the company has produced a number of high-profile international feature films with top distribution partners. Enderby Entertainment is built on innovation, integrity and the refined philosophy of passion and cutting-edge methodology to create compelling, story-driven projects efficiently without compromising quality. Enderby launched the first full-length feature film as an NFT, ZERO CONTACT, starring Anthony Hopkins. Enderby has an eye on the convergence between Hollywood and Web 3.0.
Enderby CEO Rick Dugdale commented on the new venture: “There is a large and growing global demand for film financing and we believe that blockchain technology and the use of decentralized financing on the blockchain will help reduce financing friction, process, transparency and tokenized supply. film assets as an alternative investment class. We’ve been in the space for a while now, and this is just the beginning for us.”
About Oven
Ovenue is a SaaS platform company that builds and licenses blockchain technologies for real-world valuation, tokenization and financing. Ovenue’s artificial intelligence and blockchain-enabled platform provides assets and businesses with an end-to-end customizable solution to onboard, secure and monetize their real-world assets. Ovenue’s process removes the complexity of building tokenization and decentralized financial products for various asset classes. For more, visit www.ovenue.com
About Enderby Entertainment
Founded in 2006 by partners Rick Dugdale and Daniel Petrie, Jr., Enderby Entertainment is a global entertainment production, visual effects and post-production company based in Beverly Hills, California, with Canadian operations in Kelowna, British Columbia. In 15 years, the company has produced 18 feature films. Enderby Entertainment is built on innovation, integrity and the refined philosophy of passion and cutting-edge methodology to create compelling, story-driven projects efficiently without compromising quality. For more, visit www.enderbyentertainment.com.
Additional information
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CONTACT: Ovenue Inc. Ram Shanmugam CEO and Co-founder of Ovenue Tel: +1 (866) 327-2922 Email: [email protected] Website: www.Ovenue.com
