Rio de Janeiro approves R$ 3 million for Bitcoin Pharaoh film
BROBROK News · Based on reporting by Livecoins ·
Rio de Janeiro’s city government, through RioFilme, approved a R$ 3 million investment in the production of Faraó dos Bitcoins. The project was selected under a municipal audiovisual funding program aimed at commercially viable titles. The name refers to the Glaidson case, involving allegations of a crypto-based pyramid scheme.
Key points
- Funding was approved under the RioFilme Invest 2026 program.
- The project was submitted by Morena Filmes Eireli.
- Approval followed technical review and an oral presentation stage.
- The scheme includes a return mechanism tied to the project’s revenues.
- Three other audiovisual projects were also approved in the same round.
Why it matters
The story keeps a high-profile crypto-related case in the public spotlight through a government-backed film project. It also shows how local public funds are being deployed in content with commercial potential.
Original headline: “Prefeitura do Rio vai investir R$ 3 milhões em filme do Faraó dos bitcoins”
Read the original on Livecoins
Summary and analysis written by BROBROK News from the original report. Read the full story on the source website. Not investment advice.