Mogul Leverages Chainlink to Empower Transparent, Decentralized Film Financing on the Blockchain (finance.yahoo.com)
Mogul will integrate Chainlink, the market-leading blockchain oracle network, to bring more transparency and accessibility to film production and financing. Mogul to use the Chainlink Network to bring off-chain movie budget and profitability data onto the blockchain, enabling the disbursement of audited, fair-market profit sharing with investors in a more efficient, transparent, and accurate way than ever before. Mogul will also make use of a Chainlink ETH/USDC decentralized Price Feed to ensure users receive fair market exchange rates on all ETH profits derived from USD-denominated budgets.
Mogul’s vision is to be an innovative and progressive film financier and production company leveraging blockchain technology for voting, investment, and rewards. With our proprietary platform, we are looking to engage audiences and investors through the entire script-to-screen process, with the mission to promote investment transparency in independent film financing.
Independent film financing is opaque, hard to access, lack standardization, and has costly closing costs; all of which are great use cases for blockchain technology. By using a transparent and efficient blockchain-based system for film financing, Mogul can produce films at a lower budget rate than traditional models. In addition, Mogul’s unique rewards system using STARS allows independent projects to curate an audience for their film at the script level, helping Mogul and film distributors better predict a film’s expected ROI using early fan sentiment indicators.
By: Barry Ben-Asher
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