For the purposes of enhancing not just accessibility but also transparency in the film production and financing, Mogul intends to integrate Chainlink. With the technology, the film financier hopes to effectively manage voting, investment, and rewards activities using blockchain technology.
Read at Crypto.News…
Mogul will integrate Chainlink, the market-leading blockchain oracle network, to bring more transparency and accessibility to film production and financing.
Decentralized film financing project Mogul has teamed up with Chainlink to leverage the Chainlink Network’s decentralized oracles.
Mogul is employing many of the innovations that have been established in the DeFi (decentralized finance) space and bringing them to the movie industry. By giving participants the ability to score perks like screening tickets and exclusive merchandise, it also incorporates some ideas from “fan tokens”, which are gaining traction in the sports industry.
The film financing sector is outdated, offering investment opportunities only to well-connected, high net worth individuals. Mogul Productions is creating a new system to innovate within this industry, utilizing blockchain technology to offer film financing opportunities to regular investors and film connoisseurs previously excluded.
Read more at https://ihodl.com/topnews/2021-02-11/mogul-productions-integrate-chainlink-transparent-and-fair-film-financing/
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