The project, which operates under the Web3-focused AYET Project, seeks to lower barriers for emerging talent by providing professional resources and platform support. Applicants may submit proposals across any genre, including live-action, animation, and VR, with the option to utilize generative AI provided they disclose its use. All entries must be submitted via the LIFE LOG BOX platform by August 9, 2026, with a required entry fee of ¥5,000.

Beyond the primary funding, the competition offers a guaranteed ¥1 million buyout option for creators who prefer to transfer rights rather than lead production. Winners will receive formal credit for their concepts and participate in a royalty-sharing structure for commercial profits. The festival intends to bridge traditional filmmaking with blockchain-verified credentials, issuing a digital participation certificate to the selected winner. The final decision will be announced this December following a review process by industry experts.