It’s no longer news that Blockchain technology has various groundbreaking capabilities. A new startup is determined to use blockchain to revolutionize the Movie industry.
MoviesChain by TVzavr was present at the 68th Berlin International Film Festival. The team presented its groundbreaking solution that would see the decentralization of film distribution.
MoviesChain by TVzavr is one of the first products for the film industry that will harness the power of blockchain. The solution will be beneficial to all stakeholders in the film industry especially independent producers.
MoviesChain by TVzavr eliminates third parties in film distribution by directly connecting filmmakers to viewers using blockchain. This system drastically reduces costs of marketing and distribution.
These days, intermediaries in the movie industry are eating up huge chunk of filmmaker’s revenues. With the new system, all that will be a thing of the past.
MoviesChain gives independent film producers an exciting opportunity to take charge of their revenues once again by using a simple, transparent and cost efficient distribution method via online theaters.
With these online theaters, art house lovers will be able to see films from their favorite directors and up-and-coming talents immediately after their films get premiered at film festivals.
The platform also provides reliable protection for filmmakers against piracy.
In the long run, this will make online movie theaters more attractive, while also reducing the time between film premieres.
MoviesChain is the brainchild of TVzavr, a reputable player in the Russian video-on-demand industry. It boasts of having over 175 million clients globally. In 2017 alone, TVzavr experienced a 25% increase in user base and a $10 million increase in revenue. It also experienced a 3 percent increase in content sales and 45% profits from advertisements.
MoviesChain has set the cost of viewing each film at $1.50, and transactions will be done using the platform’s native token, ZVR which will go on sale on April 16, 2018.
Jerome Paillard, the Executive Director of the Cannes Marche du Film, said that:
“The project presented by MoviesChain by TVzavr, like others that use blockchain technology and the cinema is a significant part of the future. At the Cannes Marche du Film, we set aside a lot of attention for new technology in general and blockchain in particular.
The problem is that bitcoin doesn’t have a very good image in some countries. But I am convinced that the new cryptocurrency can have higher standards of control and ethics and allow people, specifically those connected to making films and those who simply love watching them, to use it more confidently.”
The project consultant, Alexey Yeremenko sees the project as a big opportunity to eliminate all forms of intermediaries in the independent cinema industry. It will also make the industry much more transparent as transactions are handled via blockchain. TVzavr also has huge experience in the home video industry, massive client base, strong financial standing as well as an expert team of 70 self-motivated people.
“Our project is different from other blockchain-based projects that typically don’t have clients, teams, revenues or ready products,” said Alexey Yeremenko.
Token Generation Information
The team has hinted that its ZVR token generation event starts on April 16, 2018, and it will run for 3 months.
100 million units of ZVR ERC20 token will be issued on the Ethereum blockchain. A total of 70 million ZVR will be sold during the fundraiser.
The team has a soft cap of $5 million and a hardcap of $30 million. ZVR will be sold at a yet to be determined price.
Interested contributors are required to register at www.movieschain.io to get on the whitelist.
There is a 25% percent for the first 1/3 contributors. Other participants in the first stage will receive a 20% bonus.
For more information visit www.movieschain.io
The Team: www.movieschain.io/team
Email: [email protected]
Source: Read Full Article
Price analysis 9/11: BTC, ETH, XRP, LINK, BCH, DOT, BNB, LTC, CRO, BSV
Book Review: The Little Book of Crypto
BitValve (BTV) – ICO rating and details
Hashpower Could Migrate From East to West as Global Mining Landscape Changes
South Korea to Develop an Identity Platform on the Blockchain for Autonomous Vehicles