Tuesday, September 28, 2021 8:13:01 PM
NFTs Are Now Looking to Shape The Future Of The Film Industry
Experts predict that NFT (Non-fungible token) will shape the future of the entertainment industry, giving different perspectives to blockchain investment and contribution.
Nicholas SaySeptember 28, 2021
Following Marvion’s acquisition of Bonanza Goldfields Corp., it officially announced its intent to to introduce the world’s first hybrid-NFTs (h-NFTs).
The launch is scheduled on the OKEx NFT marketplace on 5 October 2021.
Dubbed “Lockdown”, the global thriller is Asia’s 1st NFT film to star a diverse cast of actors from around the world, including Xander Berkeley (The Walking Dead) and Hong Kong actress Anita Chui (OCTB).
Experts predict that NFT (Non-fungible token) will shape the future of the entertainment industry, giving different perspectives to blockchain investment and contribution.
Marvion and OKEx
The film is scheduled to be released in the UK in November this year, with the UK Premiere screening taking place on October 7, 2021, according to the studio.
Marvion will roll out two limited-edition film h-NFTs and five limited-edition UK premiere h-NFTs on the OKEx NFT marketplace to support the movie production in the UK.
The motive behind Marvion’s choice is because OKChain implements Delegated Proof of Stake (DPoS) consensus mechanism – an advanced and efficient version of the existing Proof of Stake consensus mechanism.
Buyers get a blockchain-stored package of advantage when purchasing an h-NFT for a film, including:
ownership of the movie file
non-exclusive perpetual worldwide
non-commercial, and non-profit license to privately view the film in private premises
a copy of the sale and purchase agreement (SPA) granting the license to mint and sell NFTs in respect of the film
Following the viewing, the h-NFT owner would have the option to resell the item under the terms of the agreement.
To celebrate the UK premiere of h-NFTs, each h-NFT will contain two exclusive invitations for its holder to attend the gala premiere, which will include the actors as well as members of the entertainment industry.
Those who purchase tickets will also be able to participate in any subsequent online events and community sessions with the cast and crew.
After the event, the art work of the ticket contained in the h-NFT should be preserved as a valuable memento of a rare, beautiful, and one-of-a-kind experience that should be preserved.
link: https://blockonomi.com/film-industry-nfts/
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