Upcoming Film Festival To Be Partnered With Blockchain Media Distribution Platform “MovieBloc”
Upcoming Film Festival To Be Partnered With Blockchain Media Distribution Platform “MovieBloc”
August 29, 2020
Upcoming Film Festival To Be Partnered With Blockchain Media Distribution Platform “MovieBloc”
Upcoming Film Festival To Be Partnered With Blockchain Media Distribution Platform “MovieBloc”
August 29, 2020

A South Korean upcoming film festival, hosted by the Gyeonggi Film School, will be partnered with MovieBloc, a blockchain-based media distribution platform, as it will be held from September 25 to October 4.

It has been reported that the festival’s audience will be able to rate each film in real-time in exchange for various tokens

  

However, attendees will be able to contribute in other ways as well, such as by providing foreign-language subtitles for various films, in return for additional token-based rewards.

According to the report, the online festival, which was developed in response to the COVID-19 pandemic, maybe the first of its kind and could set a precedent for future festivals in the post-coronavirus era.

Kang Yeon-kyung, the CEO of MovieBloc, said that he hopes this new model “can coexist with domestic and international film festivals and the film industry.”

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Likewise, in July, a piece of collaborative performance art consisting of 15 short films, was hashed and minted into a non-fungible token on the Ethereum blockchain.

That event utilized a mechanism which rewarded the project’s contributors whenever an asset was sold.

Thus, the Gyeonggi Film School will implement a similar idea in their upcoming event.

Source: Cointelegraph | Image: Choose Chicago


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Ishita Bora

Ishita Bora is a Senior Content Creator at Digital Notice Media Labs. She has completed her Master's Degree in Language and Linguistics in 2019 from Gauhati University, India. She is an archetypal writer, who loves to create her own little world with words and locutions. Apart from this, her interest lies in blockchain technology and cryptocurrency space, as she loves writing about blockchain and other blockchain-related articles. Currently, she is working on blockchain-based news, reviews, featured articles, and guides.
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