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Goldfinch, Digital Genesis launch $20 million Web3 and AI entertainment venture at Cannes

Goldfinch, Digital Genesis launch $20 million Web3 and AI entertainment venture at Cannes

Goldfinch Holdings (UK) and Digital Genesis Fund (Luxembourg) have announced a groundbreaking partnership at the 2025 Cannes Film Festival, launching a USD 20 million fund to revolutionise media production through Web3 technologies.

The initiative, unveiled at the TechCannes Industry event, combines equal investments from Digital Genesis SICAV RAIF Fund and Goldfinch International. The partnership’s first strategic acquisition is Lumiere, a tokenised crowdfunding platform backed by Animoca Brands and Rolling Stone. Blockchain expert Patrice Poujol will join as Strategic Advisor. The collaboration will focus on developing Web3-native production studios and metaverse environments, including The Squad and the MILC metaverse. These platforms will integrate finance, rights management, and content distribution tools within an interactive digital ecosystem.

The partnership plans immediate international activation, starting with the Indonesia Creative Investment Forum later this year. With support from leading data centres and AI-powered production pipelines, the initiative aims to create a global marketplace for tokenised IP and revolutionise traditional media production methods.

Read the original article here: https://www.globenewswire.com/news-release/2025/05/14/3081545/0/en/Goldfinch-Digital-Genesis-Launch-20-Million-Web3-and-AI-Entertainment-Venture-at-Cannes.html

Cayman Islands Discovery Day

Cayman Islands Discovery Day

This public holiday holds significant cultural and historical importance for Caymanians, marking the beginning of recorded history in the islands. The day is celebrated with various community events, cultural performances, and historical reenactments that highlight the islands’ rich heritage. Traditional activities often include boat races, beach gatherings, and local festivals showcasing Caymanian cuisine.

The celebration also serves as a reminder of the islands’ evolution from isolated Caribbean outposts to a modern international financial centre. While the name “Las Tortugas” eventually gave way to “Cayman” (derived from the Carib word for marine crocodiles), the sea turtle remains an important symbol of the islands’ identity and appears on the Cayman Islands’ flag, currency, and coat of arms. Discovery Day not only honours the islands’ historical discovery but also celebrates the unique culture and traditions developed in the Cayman Islands over the centuries.

New Zealand boosts movie production incentives after Trump’s 100% tariff plan

New Zealand boosts movie production incentives after Trump’s 100% tariff plan

New Zealand has announced a significant increase in its film industry incentives, allocating an additional NZ$577 million ($339 million) to its International Screen Production Rebate scheme. This move comes in response to US President Donald Trump’s recent announcement of 100% tariffs on films produced outside the United States.

Finance Minister Nicola Willis emphasised the country’s commitment to remaining a premier filming destination, despite broader government spending cuts. The enhanced rebate program, established in 2014, offers 20% cash rebates for feature films spending over NZ$15 million and television shows exceeding NZ$4 million in production costs.

The decision aims to protect New Zealand’s thriving film sector, which employs 24,000 people and generates NZ$3.5 billion annually, with one-third of revenue coming from the US. While competing markets like Australia, Canada, and the UK offer even more generous benefits, New Zealand, famous for hosting productions like “The Lord of the Rings” trilogy, continues to position itself as an attractive filming destination despite international pressures.

Read the original article here: https://www.msn.com/en-us/money/companies/new-zealand-boosts-movie-production-incentives-after-trumps-100-tariff-plan/ar-AA1ES01s?ocid=BingNewsVerp

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Recording of fireside chat with Kathirgugan Kathirasen

Recording of fireside chat with Kathirgugan Kathirasen

Kathirgugan is an inventor, and Foundee (Founder-Employee) at Chowbotics, a pioneer in the food robotics industry. He joined the Silicon Valley startup as its first employee and later went on to be the founder of both its China and Malaysia branches.

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