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Color Star Technology (CSCW) Announces Memorandum of Understanding with Movie Planet LLC and Youa Group to Launch Joint Development of Non-Fungible Token (NFT) for Film Databases

Color Star Technology (CSCW) Announces Memorandum of Understanding with Movie Planet LLC and Youa Group to Launch Joint Development of Non-Fungible Token (NFT) for Film Databases
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Color Star Technology Co., Ltd. Announces Memorandum of Understanding with Movie Planet LLC and Youa Group to Launch Joint Development of Non-Fungible Token (NFT) for Film Databases

/PRNewswire/ Color Star Technology Co., Ltd. (NASDAQ: CSCW) (hereinafter referred to as "Color Star" or the "Company") announced the signing of a Memorandum. ....

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Color Star Technology Co., Ltd. Announces Memorandum of Understanding with Movie Planet LLC and Youa Group to Launch Joint Development of Non-Fungible Token (NFT) for Film Databases

Color Star Technology Co., Ltd. Announces Memorandum of Understanding with Movie Planet LLC and Youa Group to Launch Joint Development of Non-Fungible Token (NFT) for Film Databases
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Color Star Technology Co., Ltd. (NASDAQ: CSCW) Announces Sale of Portion of Movie "Guilt" as a Non-Fungible Token (NFT)

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NEW YORK, May 6, 2021 /PRNewswire/ Color Star Technology Co., Ltd. (NASDAQ: CSCW) (hereinafter referred to as Color Star or the Company ) announced that it will sell a portion of the content of the movie Guilt as a NFT.
Since its release, the movie Guilt has received a great deal of attention. The film, which is adapted from real events, has sparked lively discussion. The Company has decided to sell parts of the unreleased content of the movie as a NFT. The introduction of Color Star s NFT products is a new application of blockchain technology. The Company has always believed that the blockchain technology of non-fungible token suits the entertainment industry best. This technology not only promotes the development of entertainment copyrights, but also benefits materially the copyrights owners. With this NFT application in place, Color Star will continue to launch more NFT-related products in areas such as music copyrights ....

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