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NewsBTC 2021-07-22 16:00:59

Mogul Productions to Conduct the First Ever Blockchain-based Voting for Film Financing

Decentralized film financing platform Mogul Productions recently announced its next big step towards decentralizing the world of entertainment. Mogul Productions is an Ethereum based film financing and movie NFT platform that has taken great strides towards creating transparency in the film industry. By merging blockchain technology with the film industry, Mogul Productions is aiming for a future where the power of decision-making lies in the hands of fans who are the foundational element of the industry. In what could be the biggest step towards this goal, Mogul Productions has recently unveiled the first-ever slate of films that will go through the decentralized voting process. The project selected these three films from a pool of 500 submissions based on the platform’s core selection criteria. As for the criteria, the films must have 50% of their total financing in place, A-List on-screen talent, experienced directors and producers, distribution deals imminent, and a commercially appealing storyline to qualify for voting. Holders of Mogul Productions’ native token STARS will, for the first time, exercise their power to vote on the three selected films and finalize the one that must receive the funding. Each of the shortlisted films is represented as an NFT on the Mogul Productions platform. Through a Mogul-led voting campaign, each project will present itself to the STARS holders and announce additional details,...

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