The First-Ever Film Selected by Fans By Blockchain Voting will be funded by Mogul.
Mogul Productions is a decentralized film financing and NFT (non-fungible token) platform that aims to bring transparency to the film industry. To achieve this, it employs the one technology synonymous with transparency — blockchain. By merging blockchain technology with the film industry, Mogul is creating transparency and shifting the power of decision-making into the hands of the fans. It lets fans choose the films they want to see on the silver screen.
We can both accept that the entertainment industry, as much as we enjoy and admire it, has its issues. Most of them is that we, as viewers and audience members, have no input about how it operates. Many of these choices are made for us by top design houses and studios. A few actors own the entire market, and we have no choice but to watch the films they make.
As a result, young stars are overlooked, intriguing scripts are squandered, and promising artists are never realized. And the film’s true earnings can be easily covered, resulting in only a few individuals profiting from the filming process.
There is only one way to tackle all of these issues and unlock the industry’s true potential. The authority must be transferred from the hands of central bodies to the fans that make up the industry. In the Hollywood film industry, this is precisely what Mogul aims to do.
Mogul recently announced that it will be producing the first-ever fan-voted film. The platform has already started accepting script submissions and will continue to do so till May 31st. Thereafter, the submissions will be reviewed by the Emmy-winner and Oscar-nominated producer Cindy Cowan (Traffic), Emmy-nominated producer David Cormican (The Tall Man), and award-winning actor Lyriq Bent (The Affair, Book of Negroes). They will select the top three films and open them for voting by fans with the winner receiving funding from Mogul.
The review period for fans will start on June 16th and all of Mogul’s native STARS token holders will be able to vote for their favorite project from June 23rd. The Mogul platform employs a quadratic voting system, which is a transparent and highly secured internet-based voting system where each vote cast by individual token holders becomes exponentially more expensive to cast than their previous vote.
After the conclusion of the voting period, the script that bags the most number of votes will be selected and financed by Mogul. Speaking of this major milestone in the film industry, Mogul Advisor, David Cormican said, “This one-two milestone marks the beginning of hopefully many movies to follow where (Mogul) users get to participate in key decision-making aspects of production and we get to marry the blockchain and filmmaking industries.”
For More Information:
Website: https://www.mogulproductions.com
Twitter: https://twitter.com/we_are_mogul
