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- 1 MovieBloc offers an engaging experience for viewers by decentralizing the film industry.
- 2 MBL serves as the utility token for the MovieBloc content distribution platform.
The MovieBloc $MBL token Airdrop is here and it presents a valuable opportunity for crypto enthusiasts to claim free tokens. So, what is Moviebloc, and why it is in the headlines?
What is MovieBloc?
MovieBloc is a blockchain platform that uses MBL, its native cryptocurrency, to bring transparency and decentralization to the film industry. It aims to solve the issues of oligopoly and vertical integration and give viewers access to a diverse array of content.
Through the use of smart contracts, MovieBloc seeks to bring transparency to transactions on its platform. MovieBloc’s ecosystem is composed of three layers: the block layer, where all players communicate and engage with one another; the market layer, where distributors can buy films and various transactions can take place; and the fundraising layer, which includes film festivals during which films compete for MBL awards.
Features and Highlights of MovieBloc
Filmmakers, film distributors, translators, designers, viewers, and other individuals use MBL coins to engage and exchange information on the MovieBloc platform. Monthly newsletters are released, featuring the latest MBL coin news and updates, such as the platform’s partnership with short film distributor Radiator IP and the Asiana International Short Film Festival.
MovieBloc offers a more immersive and engaging experience for viewers by decentralizing the film industry. Moreover, it allows participants to take on different roles such as creators, curators, or translators.
All activities within MovieBloc’s ecosystem generate shared rewards among stakeholders, including production teams, rather than focusing solely on maximizing profit margins.
With its blockchain-based smart contract, MovieBloc provides more transparency to the movie industry, giving creators insight into their followers and their content choices. MovieBloc lets users play movies or episodes on demand, with each title available individually and paid episodes/movies streamable within 72 hours of purchase.
MovieBloc also hosts quarterly blockchain-based movie festivals to honor quality films and new creators, with film festival prizes worth $10,000 up for grabs each time.
The curators at MovieBloc help fellow creators succeed by allowing them to set prices, areas, and exhibition times for their films without approval from a middleman, saving time and money.
What is the MBL Token?
MBL serves as the utility token for the MovieBloc content distribution platform and operates on the Ontology chain. The token can be utilized for payment-related services within the MovieBloc ecosystem, such as premium content and language translation. It also promotes transparency in the system by incentivizing reports on illegal content or compromising movies.
The majority of the MovieBloc platform’s profits will be generated from streaming services. Considering the success of centralized streaming platforms, like Netflix and Amazon Prime, people believe that if MovieBloc can improve its streaming experience, it has the potential to achieve similar financial success. However, demands for a decentralized movie platform aren’t that high. Therefore, comparing Moviebloc with Netflix is not fair.
Summary
MovieBloc is a blockchain platform that uses MBL, its native cryptocurrency, to bring transparency and decentralization to the film industry. MBL serves as the utility token for the MovieBloc content distribution platform and operates on the Ontology chain. However, comparing Moviebloc with Netflix is considerably inaccurate.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading in stocks, cryptos or related indexes comes with a risk of financial loss.
Adarsh Singh is a true connoisseur of Defi and Blockchain technologies, who left his job at a “Big 4” multinational finance firm to pursue crypto and NFT trading full-time. He has a strong background in finance, with MBA from a prestigious B-school. He delves deep into these innovative fields, unraveling their intricacies. Uncovering hidden gems, be it coins, tokens or NFTs, is his expertise. NFTs drive deep interest for him, and his creative analysis of NFTs opens up engaging narratives. He strives to bring decentralized digital assets accessible to the masses.
