On February 12th, AB Ecological Fund announced that it will join hands with a number of film investment, distribution and copyright companies around the world to jointly launch the Web3 cinema project, provide native encrypted content for Web3, create a new model of Web3 copyright revenue and Web3 box office, and jointly explore the decentralized transformation of the film industry. The project aims to build a decentralized film and television content distribution and copyright trading system, creating a new market and movie viewing experience. The project will be launched on the AB public chain and take the lead in releasing many international film awards, promoting the development of Web3 film and television ecology. At the same time, the project will explore the Web3 distribution mechanism, copyright trading model and circulation method of audio-visual content such as movies and TV series, create a new film and television business model, and provide a fairer and more sustainable revenue channel for global content creators. $AB ($NEW) tokens will be launched on more exchanges in the near future.