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SAN FRANCISCO, Calif., Feb. 14, 2023 (GLOBE NEWSWIRE) — irwin company The company, which develops state-of-the-art artificial intelligence and blockchain-enabled Platform-as-a-Service (PaaS) technologies to enable the valuation, tokenization and monetization of real-world assets, today announced a partnership with Enderby Entertainment, a global film, television and digital media company that provides production and post-production services. Ovenue and Enderby have found significant synergy in jointly developing a tokenization and monetization platform for film financing. Oven’s blockchain PaaS platform will enable Enderby Entertainment to create an entirely new alternative to current film financing through a decentralized financing protocol for asset-backed financing. The partnership will provide investors with a state-of-the-art film asset ownership platform.
2022, venue roll out AI and blockchain powered valuation and financing infrastructure with over $400 million in Tokenized Asset Valuations (TAV) including franchise agreements, brands, real estate portfolios and life science patents. The platform now features an asset valuation and tokenization layer, a marketplace for asset-backed non-fungible tokens (NFTs), and a decentralized finance protocol for lending and lending against those assets. Ovenue’s technology has evolved into a no-code PaaS for asset tokenization and decentralized finance across multiple asset classes.
“Our partnership with Enderby will enable the use of Web3-related technologies to remove friction in multi-party transactions, improve data management, and accelerate transactions in the film industry,” commented Ram Shanmugam, CEO and co-founder of Oven.
Founded in 2006 by partners Rick Dugdale and Daniel Petrie, Jr., Enderby Entertainment is a global leader in entertainment production, visual effects and post-production. For 16 years, the company has produced high-profile international feature films with top distribution partners. Enderby Entertainment is founded on a passion philosophy of innovation, integrity, refinement and cutting-edge methodology to efficiently create engaging, story-driven projects without compromising quality. Enderby has launched its first full-length feature film in NFT format, Zero Touch, starring Anthony Hopkins. Enderby looks at the convergence of Hollywood and Web 3.0.
Commenting on the new venture, Enderby CEO Rick Dugdale said: “There is a huge and growing global demand for film financing and we believe that blockchain technology and the use of decentralized finance on the blockchain will help reduce financing friction, process, transparency and offering to tokenize film assets as an alternative investment class. We’ve been in this space for a while and this is just the beginning for us.”
About
Oven is a platform SaaS company building and licensing blockchain technology for real-world asset valuation, tokenization and financing. Oven’s artificial intelligence and blockchain-enabled platform provides asset owners and businesses with end-to-end customizable solutions to onboard, secure and monetize their real-world assets. Ovenue’s process removes the complexities of building tokenized and decentralized financial products for a variety of asset classes.For more information, please 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 headquartered in Beverly Hills, CA with offices in Kelowna, BC, Canada business. In 15 years, the company produced 18 feature films. Enderby Entertainment is built on a philosophy of innovation, integrity and refinement, with passion and a cutting-edge methodology to efficiently create engaging, story-driven projects without compromising quality.For more information, please visit www.enderbyentertainment.com.
Additional Information
This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction.
Notice Regarding Forward-Looking Statements
This press release contains forward-looking statements about the companies and their respective businesses, which may include, but are not limited to, statements about the companies’ proposed business plans and other statements. Often, but not always, forward-looking statements can be identified by the use of words such as “will,” “intends,” “anticipates” or variations of such words and phrases (including negative variations), or statements of certain actions , event or result “may”, “might”, “will”, “might” or “will” take, occur or be realized. These statements are based on the current expectations of the company’s management. Forward-looking events and circumstances discussed in this press release may not occur on certain dates or at all, and may vary materially due to known and unknown risk factors and uncertainties affecting the company, including financial Risks related to the technology and securities industries, economic factors, regulatory factors, stock markets in general, and risks related to growth and competition. Although the company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that could cause actions, events or results to differ from expectations, estimates or results. on purpose. No forward-looking statement can be guaranteed. Except as required by applicable securities laws, forward-looking statements speak only as of the date made, and the company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.
CONTACT: Ovenue Inc. Ram Shanmugam CEO and Co-founder of Ovenue Tel: +1 (866) 327-2922 Email: ram@ovenue.com Website: www.Ovenue.com
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