A new movie will be funded through a crowdsale on Ethereum blokchain.
I normally do not write on Saturday's but as I am switched on my computer, I saw a notification from one of the news sites that I subscribe to indicating this news. This is actually amazing if you think about how fast and far reaching the blockchain technology and crypto currency has come in such a short timeframe.
You can view the full news article here
Who would've thought that we would see the day where Crypto currency would be used to fund a full movie.
Braid is a psychological thriller about two girls who moved to NYC to become artists and got involved in illegal activities instead – when they run out of money, they decide to return to their childhood home to rob their oldest friend who has been living in the fantasy world they created as children. To get her money the girls have to take part in her twisted game of make believe, descending into a psychedelic hell through role play, violent punishments and eventually murder.”
It might even be a good investment.
Braid seeks to raise a minimum of $1.4m and maximum of $2.1m worth of Ether in exchange for 30% of the future profits of the film. At first, 100 percent of the revenues will be paid to the token holders until their investment is recovered along with a 15 percent interest rate. After that point is reached, the remaining profits of the movie will be divided 70/30, with 30 percent of the net profits being proportionally distributed to token holders.