The Blockchain technology, is now stirring up the film industry. The FinTech company tZero has developed a Token for the financing of a movie. The pilot project has a matching theme. The Film is about Nolan Bushnell, Atari founder and Computer pioneer.
By Anton Livshits
11. To Finance July 2019BTC$11.746,00 -5.18%part Facebook Twitter LinkedIn xing mail
projects using a specially generated Token, is lately becoming more and more popular. Also in the film industry, this development does not longer hold. The Blockchain-companies tZERO, a subsidiary of the e-commerce giant, Overstock, recently announced a cooperation with the film production company Vision Tree. The two partners are planning the first token tion-funded Film. The project is a Biopic about Nolan Bushnell, the founder of the legendary video game company Atari.
launched Token is accordingly hot Bushnell Token. According to the press release, the Vision Tree intends to flush through its sale of 40 million US-dollars in the coffers. Already in the year 2018, the production company announced such plans. You will sell the Token, while the tZERO is not for the development. The owner of the Token should be in the movie to solve involved. In addition, Vision Tree promises you an influence on the production process. Token Holder can decide on the Trailer or even the Casting of the film with. In addition, the Appian Way has been involved in the Biopic, the production company of Leonardo DiCaprio.
tZERO is Tokenize a
TZERO CEO Saum Noursalehi described the film project as part of wider efforts to drive the Adaptation of the Blockchain ahead:
Our goal is it, the Blockchain technology on the capital markets and on all industries to apply the benefit of the developed platform. The Atari Film is the perfect project to pave the way for the tokenization of the film business.
The Biopic is actually just one of the many Token projects, where tZERO is involved. In China, the FinTech company, for example, developed a platform to make the trade of cobalt on Smart Contracts possible. TZERO launched in addition, an App platform for the trade with the Security Token. The corresponding Trading platform opened in January 2019.
However, the parent company, Overstock relies increasingly on the Blockchain. The company announced to want to completely be removed from the retail sale of pull back. As a consequence of correlations between the business success of the tZERO and the share price of Overstock.
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