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California producers Ben Rosenblatt and Micho Rutare presented a project to finance independent cinema on the blockchain called FLIX. Rosenblatt and Rutare’s joint company, American Meme, has previously been engaged in attracting fiat investments for the production of indie paintings. The announced blockchain project FLIX, as stated by the creators, is designed to revolutionize the production of films.
According to official data, the platform is a payment system for operations with digital currencies, the commission for transactions will go to the fund to finance movies. Profits from the implementation of ready-made tapes will be directed to the redemption of FLIX tokens, which will ensure further growth and deflationary processes.
Also, the creators announced that film production will have a decentralized management structure (DAO). FLIX token holders will have access to creative decision-making, as well as a privileged position to participate in events. The founders are optimistic about the possibilities of inflows of both financial capital and creative capital.
American Meme co-founder Micho Rutare commented:
“The technological capabilities of Web 3.0 have limitless potential. It’s about vertical filmmaking. Project management by token holders opens up a new interpretation of content creation, against the backdrop of the fact that the centralized structure dictates a multitude of creative frameworks, imposing the status quo on a whole layer of artists. “
The FLIX token is currently already available for purchase on the Uniswap trading platform. According to medium-term plans, the development team is negotiating a listing with representatives of major crypto trading platforms.
Earlier, the editors of the Crypto.ru reported that multi-billionaire Elon Musk spoke positively about the creator of Dogecoin (DOGE) Billy Marcus, against the background of an open confrontation on social networks with another main developer of the project – Jackson Palmer.
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