The Oscar-winning film producer, Birdman, as well as Black Mass and Hacksaw Ridge, plan to launch their own blockchain-based digital currency called MovieCoin during the first quarter of 2018. The proceeds from the sale will be used to fund a portfolio of films. Investors benefit because the currencies, which can be traded in the secondary market, will be appreciated depending on the success of the films, according to Woodrow.
The objective is to sell 100 million dollars in digital currencies that comply with the regulations of the Securities and Exchange Commission. Woodrow refused to name the films that are considered to be purses.
They are currently in the process of putting together a list of projects that will include world-class film stars, renowned directors and established producers, and that will form the initial list of MovieCoin,
Pop star Bjork said he will accept bitcoin and other cryptocurrencies as payment for his most recent album, and along with any purchase, he will give away AudioCoins, a cryptocurrency to be used on a music streaming platform that rewards fans and artists.
"We can not ignore that some cryptocurrencies are issued speculatively, which could create a bubble," said Woodrow. "Bankex's alliance with MovieCoin will mitigate that risk by propping up our cryptocurrency with tangible assets." We may have to wait for the film to unfold to know everything
