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Bitfilm Fest Launches in Bangalore

Bitfilm launches a worldwide film competition in Bangalore, which will be the first ever to use Bitcoins for online voting and prizes.

The Bitfilm Festival for Digital Film will be the first film festival worldwide that uses Bitcoins for its online voting and as prize money. Its opening event will take place in Bangalore at Jaaga Art Space (68, KH Double Road, Shantinagar) on January 17, 2013, 6.30 p.m. This event will mark the beginning of a worldwide online voting action for the Bitfilm Awards in 3D animation, 2D animation, hybrid digital films and Machinima (films shot live in computer games).

The worldwide audience will decide which films will win the Bitfilm Awards, to be handed over at the Bitfilm closing event in Hamburg (Germany) in April, 2013.

"Our closing event for 2011 was in Bangalore, and we have met so many interesting and creative people here, that we decided to come again to do our opening show this year", explains Aaron Koenig, Bitfilm's founder and director, who is in Bangalore for the Launch of the Competition.

Bitfilm has been showing films that use digital technology in a creative and innovative way since 2000. For the first time, Bitfilm will use the new digital currency Bitcoin for the voting process and as prize money. Each of the 59 nominated films has its own Bitcoin account, to which film fans may transfer money anonymously and without any transfer costs. The film with the highest number of donated Bitcoins and votes per category will receive the award. The donated money will be divided among the three best-ranked films per category.

"We are very fascinated by Bitcoin. It is a new kind of money, which has the potential to revolutionise the world as much as the Internet did"  says Aaron Koenig. "Bitcoin is an open source currency that needs no central bank and knows no inflation. It is also a new worldwide payment system that makes money transfers around the globe cheap and fast."

In Bangalore, Bitfilm will present a selection of 12 nominated films which represent a huge variety of genres and styles. There will also be a talk about an Indo-German co-production by Aaron Koenig and Vijayaraj D. from Bangalore, who have been working on a number of short animated films together, the most popular one is about Bitcoins: Source: Bitfilm