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FTX CEO among those backing NFT-leveraging media house

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With a financial investment, Sam Bankman-Fried, CEO of heavyweight crypto exchange FTX, has voiced his support for Untrustworthy media, a firm developing NFTs for the programs it develops and manufactures. The Web3 organization has also seen financial backing from the likes of Ava Labs and Megan Kaspa, making it invest more than $3.25 million.

Investors clearly see the value of untrustworthy media Innovation Fund And Proprietary strategy, which involves allowing people to freely purchase NFTs for a stake in the shows they create. Of course, bets will only be properly realized if, or when, a show reaches the air.

Through this, the creative development aspect of cinematic production is finally opened up to the public, which in doing so can help overcome the primitive problem of commissioners or viewers, not always knowing what they want.

Fittingly, the media house’s first in-development show is ‘Coinage,’ A Web3 news show It will be hosted by one of its leading personalities, Jake Guzman, a former CNBC and Yahoo finance reporter. After the first season airs, Trustless Media will mint a 9,000 asset NFT collection called ‘Caucus’. Proceeds from the mint will go toward funding future seasons of the show. There will also be free ‘Subscriber NFTs’ up for grabs.

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*All investment/financial opinions published by NFT Plaza are derived from the personal research and experience of our site moderators and are intended as educational material only. Individuals should do thorough research on any product before making any type of investment.



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