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The NEW First Flights šŸ¤ Theta Network Partnership
February 15, 2024
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A New Era of Film Funding and Distribution

Independent creators often face significant challenges in the traditional journey of a film from inception to the screen, particularly in funding and distribution. In an unprecedented move that marks a new era in the film industry,Ā First Flights, a pioneer in supporting emerging independent film talent, has joined forces with Theta Labs, the leader in blockchain technology redefining the future of video, AI, and entertainment, to address these two obstacles.

To mitigate the financial challenges filmmakers face, grants of up to $10,000 are available through theĀ First Flights Short Film FundĀ (round open as of 9th Feb) which will cover production costs and ensure creators can realize their projects selected by the award-winning First Flights team in partnership with Theta Labs.

Additionally, First Flights and Theta Labs are offering applicants the chance to secure an additional $1,000 to boost the promotion and marketing of their film. This initiative also opens the door for filmmakers to collaborate with Theta Labs and tap into their renowned community for unparalleled audience reach.

Award recipients will also gain access to Theta Labs’ Enterprise DRM Technology, protecting films from unauthorized use and mirroring the security of a theatre premiere online. This ensures that films are financed and released with the backing of a supportive community and remain secure and monitored through Theta’s proprietary patented technology.

Finally, in a first-of-its-kind initiative, every participant to the Short Film Fund will receive a unique First Flights Badge, called FF3 badge, symbolizing their contribution and granting them access to exclusive screenings and community events down the line. This initiative aims to build a supportive and collaborative network of filmmakers.

Who are First Flights?

First Flights is an innovative platform designed to empower emerging filmmakers by providing them with the resources and support needed to bring their creative visions to life. In the span of three years, it has built a network of over 15,000 filmmakers, and through its Short Film Fund, First Flights has successfully funded sixteen film projects and further supported five additional projects via its tax relief program.Ā The initiative’s success is highlighted by the critical acclaim its supported films receive, including Oscar and BAFTA awards. In partnership with Goldfinch, First Flights has been instrumental in launching the careers of 13 debut directors, showcasing its commitment to nurturing new talent in the film industry.

The Short Film Fund: A Launchpad for Aspiring Filmmakers

The 2024 Edition of the First Flights Short Film Fund has opened unprecedented opportunities for filmmakers, offering up to $10,000 in funding alongside premiering opportunities on Theta Web3 Theatre powered by Theta’s decentralized video infrastructure.

Participation in this fund provides creators with an FF3 Badge, acting as a key to exclusive screenings, events, workshops, and even an additional chance to win $1,000 in funding towards distribution and marketing costs for the winning films. This secures the necessary financial backing and ensures a dedicated audience for the film’s release.

To claim these benefits, filmmakers must redeem their FF3 Badge on ThetaDrop, integrating them further into the First Flights and Theta ecosystem.

Building a Supportive Filmmaking Community

This partnership goes beyond financial support, aiming to enrich filmmakers’ knowledge and skills. In 2024, First Flights Future Film Academy members will join the vibrant community of FF3 Badge holders, gaining access to a rich repository of educational content. This initiative funds projects and promotes a new generation of informed and talented filmmakers, offering them a platform to thrive in an evolving industry.

A Solution for Secure Online Premiers

One significant modern challenge is securing online film sharing, and maintaining the exclusivity comparable to theatre screenings. Theta Web3 Theatre addresses this with a patented, blockchain-based solution for secure distribution and user authentication, safeguarding films against piracy and unauthorized distribution. This technological advancement gives filmmakers the confidence to securely host online screenings, similar to private, real-world cinema screenings and offers creators peace of mind when hosting online screenings for their fans.

A Bright Future for Filmmakers

This partnership between First Flights and Theta Labs represents a significant milestone for the Film3 movement, easing the challenges of film funding and distribution evolution. By embracing Web3 technology, this initiative democratizes access to resources, protection, and visibility for filmmakers, thereby fueling innovation and diversity in the cinematic arts.

Through this collaboration, First Flights becomes a pivotal reference for aspiring filmmakers, whether Web3 natives or not, to embark on their journey into Web3. At the same time, Theta Network consolidates itself as the preferred choice for artists ranging from large studios to indie filmmakers, looking to integrate new solutions to enhance their works.

For aspiring filmmakers dreaming of bringing their stories to life and sharing them with the world, the journey begins here.

Welcome to the new era of film funding and distribution.

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Source: The Dinarian ⚔ Claude AI

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SinceĀ launch, the Soroban Security Audit Bank has successfully conductedĀ over 40 essential audits, deploying over $3 million to support security of the smart contracts on Stellar. Check it out!

Ā 

Ecosystem Success Stories: How the Soroban Audit Bank Drives Security Forward

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SDF has been a strong partner as we’ve worked with teams across the Stellar ecosystem. SDF’s Audit Bank initiative allows for a smooth and streamlined review process, and is a clear reflection of the Stellar ecosystem’s enhanced commitment to security. –Robert Chen,Ā CEOĀ of OtterSec
Ā 

Leading projects within the Soroban ecosystem have highlighted the impact of the Audit Bank

Finding a good auditor is difficult, expensive, and high-stakes. The Audit Bank streamlines the process and supports ecosystem projects with security review at critical growth milestones. –Markus Paulson,Ā Co-FounderĀ of Script3
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What's New in 2025: Enhanced Audit Support for Soroban Builders

Teams building financial protocols, high-dependency data services, high-traction dApps funded by the Stellar Community Fund are able to request an audit and will typically be matched with a reputable audit firm within two weeks. We recently restructured the program for this year to enhance audit efficiency and incentivize accountability, and rapid and complete vulnerability remediation:

  • Complimentary Initial Audit: Projects will need to contribute 5% of the audit cost upfront, but this co-payment amount is eligible for a full refund, provided that critical, high, and medium vulnerabilities identified are swiftly remediated within 20 business days of receiving the initial audit report (learn more).
  • Incentivized Security at Key Traction Milestones: Complimentary, extensive follow-up audits are available as projects achieve critical traction milestones (e.g., $10M and $100M TVL). These audits include deeper assessments such as formal verification or competitive audits, significantly boosting project security at pivotal stages.
  • Advanced Security Tooling: Projects can enhance their security self-serve through complimentary or discounted access to specialized tooling, which provide vulnerability detection and formal verification capabilities (see full list of available tooling). These tools are encouraged to capture ā€˜easy-to-spot’ issues prior to audit as well as a final check post-audit to increase the effectiveness and thoroughness of audits.
  • Enhanced Audit Readiness Support: Projects receive structured preparation support, including the implementation ofĀ best practices and security standardsĀ based on the STRIDE threat modeling framework. This ensures project teams are thoroughly prepared, optimizing audit efficiency and minimizing delays.

Get Started Today

If you're already funded through the Stellar Community Fund,Ā meet the criteriaĀ and ready to secure your smart contracts, check your email for an invitation to submit an audit request–if you haven’t received one, contactĀ [email protected].

If you haven't built on Stellar yet, we encourage you to start your journey with theĀ Stellar Community FundĀ to become eligible for future security audits and ecosystem support. For any broader questions on the program, contactĀ [email protected].

Also, we’re organizing an exciting series of workshops–join us for the kick-off onĀ Soroban Security Best PracticesĀ on Friday, May 30, 2025 at 2 PM ET onĀ @StellarOrg. Together, we're shaping a secure and resilient future for smart contracts on Stellar.

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If you find value in my content, consider showing your support via:

šŸ’³ PayPal:Ā 
1) Simply scan the QR code below šŸ“²
2) https://www.paypal.me/thedinarian

šŸ”— Crypto – Support via Coinbase Wallet to: [email protected]

Or Buy me a coffee: https://buymeacoffee.com/thedinarian

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Santander mulls stablecoin, crypto offering

BloombergĀ reported thatĀ Banco SantanderĀ is mulling introducing euro and dollar stablecoins, or potentially making a third party coin available to clients, citing sources. This move aligns with broader crypto ambitions, as its digital bank, Openbank, has reportedly applied for a European cryptocurrency license under the Mica Regulations and may enable retail access to digital assets.

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Santander’s involvement could extend beyond an individual initiative. The bank is a shareholder in The Clearing House, where the Wall Street Journal reported thatĀ US banks are exploringĀ the potential to create a joint stablecoin. If a US initiative took that route it could involve nine more G-SIBs including Bank of America, Barclays, BMO, BNY Mellon, Citi, HSBC, JP Morgan, TD Bank and Wells Fargo.

Apart from these initiatives, our research shows that more than 20 other banks have been involved in stablecoin projects.

Until recently stablecoins were mainly used to settle cryptocurrency transactions and by residents in countries with volatile domestic currencies. During the last yearĀ stablecoinĀ infrastructure has been expanding, especially for mainstream cross border payments. Plus, President Trump issued an executive order prioritizing stablecoins. One of the administration’s motivations is this increases demand for US Treasuries,Ā lowering the interest rateĀ the government pays on the Treasury bills.

Santander as an early digital assets mover

Santander’sĀ stablecoin consideration builds on years of blockchain experience. The bank was an early Ripple investor and previously used Ripple’s permissioned network for payments (not XRP), while also embracing permissionless blockchain activities including issuing aĀ digital bond on EthereumĀ in 2019. This dual approach led to collaborations with other major players – alongside Societe Generale FORGE and Goldman Sachs, Santander participated in theĀ European Investment Bank’s first digital bond, also on Ethereum. Currently, the bank’s most significant digital money initiative involves Fnality, the wholesale blockchain-based settlement network, where Santander ranks among 20 institutional backers and is part of the early adopter group alongside Lloyds Bank and UBS.

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šŸ™ Donations Accepted šŸ™

If you find value in my content, consider showing your support via:

šŸ’³ PayPal:Ā 
1) Simply scan the QR code below šŸ“²
2) https://www.paypal.me/thedinarian

šŸ”— Crypto – Support via Coinbase Wallet to: [email protected]

Or Buy me a coffee: https://buymeacoffee.com/thedinarian

Your generosity keeps this mission alive, for all! NamastĆ© šŸ™ The Dinarian

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