is the film blairwitch project is the real one?

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guys, can you help me on this. my bf and i always have a discussion regarding this one. i believe that the film is not real, that the 3 film students were just actor, that it was just made like a documentart film so it will have an authentic touch. but my bf believes that it was the real film indeed. i dont believe it because, ive seen these 3 actors accept an award, for a film ( i cant remember for what movie, what award giving body and for what category.). so is there anyone who knew whats real behind this movie?? thanks!