Color Star Technology Co., Ltd. (NASDAQ: CSCW) Cooperates with Movie Planet LLC and Youa Group to Jointly Create Film & TV Series Using Non-Fungible Token (NFT) Blockchain and Develop NFT ...
Color Star Technology Co. Ltd. - Ordinary Shares (CSCW)
Company Research
Source: PR Newswire
NEW YORK, June 11, 2021 /PRNewswire/ -- Color Star Technology Co., Ltd. (NASDAQ: CSCW) (hereinafter referred to as "Color Star" or the "Company") announced on April 23, U.S. Eastern Time, the signing of a Memorandum of Understanding regarding the strategic cooperative development among Color China (a wholly-owned subsidiary of Color Star), a U.S.-based company, Movie Planet LLC (hereinafter referred to as "Movie Planet"), and a South Korea-based company, Youa Group (hereinafter referred to as "Youa Group"). The three parties expressed interest in jointly developing NFT application for the Hollywood Film Festival and International Film Festival databases.This tripartite cooperation will apply the NFT concept to future Hollywood films, actors, short celebrity videos, and celebrity products, while leveraging NFT to develop technologies for the entertainment industry. As an entertainment technology company, Color Star has always been committed to the integration of technology and entertai
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