{"id":6612,"date":"2021-07-22T23:45:35","date_gmt":"2021-07-22T22:45:35","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=6612"},"modified":"2021-07-22T23:45:44","modified_gmt":"2021-07-22T22:45:44","slug":"first-ever-blockchain-based-voting-for-film-financing-to-be-conducted-by-mogul-productions","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/first-ever-blockchain-based-voting-for-film-financing-to-be-conducted-by-mogul-productions\/","title":{"rendered":"First-ever blockchain-based voting for film financing to be conducted by Mogul Productions"},"content":{"rendered":"\n
Mogul Productions is an Ethereum-based film funding<\/a> and non-fungible token (NFT) platform that has made significant progress in bringing transparency to the film industry.<\/h5>\n\n\n\n
\"First-ever<\/figure>\n\n\n\n

Mogul Productions is aiming for a future where the power of decision-making belongs in the hands of fans, who are the industry's core ingredient, by combining blockchain technology with the film business.\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a><\/p>\n\n\n\n

Mogul Productions just revealed the first-ever slate of films that will go through the decentralized voting process, which could be the most significant step toward this aim.<\/p>\n\n\n\n

Based on the platform's main selection criteria, the team chose these three films from a pool of 500 applications. <\/p>\n\n\n\n

To be eligible for voting, the films must have 50 percent of their total funding secured, A-List on-screen stars, experienced directors and producers, forthcoming distribution arrangements, and a commercially enticing storyline.<\/p>\n\n\n\n

For the first time, holders of Mogul Productions' native token STARS will be able to vote on the three selected films and determine which one will receive funding.<\/p>\n\n\n\n

On the Mogul Productions platform, each of the shortlisted films is represented as an NFT. Each project will promote itself to STARS holders and release further specifics<\/a>, such as important cast members and confirmed distribution, through a Mogul-led vote process, to enable people to choose the best option among multiple options.<\/p>\n\n\n\n

This is the first time in the history of the entertainment industry that fans will have a say in how Hollywood movies are funded.<\/p>\n\n\n\n

The best part is that voters will receive 50% of the earnings generated by the picked film, motivating them to make the best decision possible.<\/p>\n\n\n\n

Voting on the three selected films is expected to take place between August 5 and August 19, 2021<\/p>\n\n\n\n

<\/p>\n\n\n\n

Terminal Station (Philip B. Goldfine, Keoni Waxman): an unofficial follow up to the Top 10 Netflix hit \u201cThe Hard Way\u201d where \u201cJohn Wick\u201d meets \u201cReservoir Dogs\u201d, MR-9 (Asif Akbar, Binh Dang): based on a series of Bangladeshian books akin to James Bond, MR-9 projects to be the next franchise of spy thrillers, Devilreaux (Thomas Churchill): a horror film showing strong production experience and distribution and legacy potential.<\/p><\/blockquote>\n\n\n\n

Despite the fact that this is the platform's first voting, Mogul Productions is funding a film for the second time. Mogul previously financed a film called Bonded, which is currently in post-production as a proof-of-concept for their platform.<\/p>\n\n\n\n

Mogul uses a quadratic voting system to avoid situations where whales on the site manipulate vote decisions. The more tokens a person has, the lower their voting credits will be.<\/p>\n\n\n\n

This means that small-scale owners have more voting power, removing any potential for monopoly<\/a>.<\/p>\n\n\n\n

We're all aware that the film industry is notoriously opaque. All of its operations are conducted behind closed doors, including authoring, casting, production, and distribution.<\/p>\n\n\n\n

We, the fans, who play such an important role in the industry's success, have little to no influence on how it operates.<\/p>\n\n\n\n

The top few production houses hold the authority to make critical decisions, and we have little choice but to watch the films they produce.<\/p>\n\n\n\n

As a result, excellent actors are overlooked, intriguing scripts are squandered, and prospective talents are never realized. This is where Mogul Productions can add a twist to things while also straightening them out.<\/p>\n\n\n\n

The platform moves the power dynamics of the industry from the top players to the fans by utilizing blockchain technology and allowing followers to vote on initiatives.<\/p>\n\n\n\n

Fans vote on the scripts they think have potential, and Mogul Productions sponsors them.<\/p>\n\n\n\n

Mogul Productions claims that a decentralized way of selecting and financing films can open new doors and dimensions in the world of entertainment<\/a>.<\/p>\n\n\n\n

Creators will be able to leverage the power of the platform, create an audience base and bring their stories to life. Transparency on the blockchain will benefit financiers.<\/p>\n\n\n\n

Fans above all will be able to choose scripts of their choice and become an active part of the filmmaking process.<\/p>\n\n\n\n

With platforms like Mogul Productions bringing fans into the decision-making process, we could very well be headed towards a future where the media and entertainment industry is fully decentralized.<\/p>\n\n\n\n

Every player in the industry from writers and producers to fans will come onto a level playing platform where they can share ideas as well as profits.<\/p>\n\n\n\n

This first-ever blockchain-based voting by Mogul Productions could be a crucial turning point and a way to assess how decentralization resonates with the masses.<\/p>\n","protected":false},"excerpt":{"rendered":"

Mogul Productions is an Ethereum-based film funding and non-fungible token (NFT) platform that has made significant progress in bringing transparency to the film industry. Mogul Productions is aiming for a future where the power of decision-making belongs in the hands of fans, who are the industry’s core ingredient, by combining blockchain technology with the film […]<\/p>\n","protected":false},"author":12,"featured_media":6613,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[130,62],"tags":[1723,1213,1724,1722],"class_list":["post-6612","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-nft-news","tag-blockchain-based-voting","tag-film","tag-financing","tag-mogul-productions"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/07\/Firstever-blockchainbased-voting-for-film-financing-to-be-conducted-by-Mogul-Productions.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/6612","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=6612"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/6612\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/6613"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=6612"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=6612"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=6612"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}