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Binance Ends Support for BUSD Stablecoin: What It Means for Users and the Future of Stablecoins

Binance, one of the largest cryptocurrency exchanges in the world, has made the decision to end support for its Binance USD (BUSD) stablecoin. This move comes after Paxos, the company responsible for minting new BUSD coins, announced that it would be halting its operations. The transition is set to take place on December 15th, and it will have significant implications for users of the BUSD stablecoin. Automatic Conversion to First Digital USD Starting on December 31st, many users' BUSD balances on Binance will be automatically converted into First Digital USD. This conversion will take place seamlessly, and users will not be required to take any action. The transition is designed to ensure a smooth and uninterrupted experience for BUSD users. Implications for BUSD Users While the automatic conversion should minimize any disruption for BUSD users, it is important for them to be aware of the implications of this change. Once their BUSD balances are converted into First Digital US

# Film3 Summit 2022: Exploring the Potential of Blockchain in Film Production and Distribution

g. The MetaFilm3 Fest will showcase a curated selection of films that embrace blockchain technology and explore the possibilities it offers for the entertainment industry. With both the Film3 Summit and MetaFilm3 Fest, the organizers aim to showcase the potential of blockchain technology in revolutionizing film production, financing, and distribution.

At the Film3 Summit, attendees can expect a diverse range of panels and fireside chats that delve into the current state of the entertainment industry and the disruptive potential of blockchain technology. The recently resolved writers' strike in Hollywood and the ongoing actors' strike will be discussed, highlighting the importance of collective action in advocating for fair treatment and compensation in the industry.

One of the notable participants in the programming is Rachel Winter, the Oscar-nominated producer of "Dallas Buyers Club." Winter's presence at the summit underscores the growing interest and recognition of blockchain technology in the film industry. Miguel Faus, the writer and director of the upcoming NFT-funded film "The Quiet Maid," will also be sharing insights into his experience utilizing blockchain technology for film financing.

Actor Laurence Fuller, known for his roles in independent films, will contribute his perspective on the changing landscape of the entertainment industry and the opportunities blockchain technology presents. Leo Matchett, the co-founder and CEO of Decentralized Pictures, a nonprofit organization dedicated to revolutionizing film financing through blockchain technology, will provide valuable insights into the practicality and benefits of utilizing decentralized tools.

The Film3 Summit emphasizes the importance of creator-led communities that act as studios by owning their own intellectual property (IP) and leveraging blockchain technology to amplify and deliver their content to audiences. By empowering filmmakers and entertainment professionals, Film3 aims to create a more equitable and financially viable framework for film production and distribution.

In addition to the Film3 Summit, this year's event will also introduce the MetaFilm3 Fest. This online streaming event, powered by the decentralized protocol Theta, will showcase a selection of films that embrace blockchain technology. The MetaFilm3 Fest, accessible to audiences worldwide, aims to bring blockchain-driven entertainment to a global audience and highlight the potential of decentralized streaming platforms.

Overall, the Film3 Summit and MetaFilm3 Fest serve as pivotal events that bridge the gap between Web3 and Hollywood. By educating industry professionals and showcasing the practical applications of blockchain technology, these events are pushing the boundaries of traditional film production and distribution models. The Film3 community, spearheaded by The Squad and filmmaker Jordan Bayne, is paving the way for a more inclusive, accessible, and financially sustainable future for the entertainment industry.


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