According to TechFlow, on November 15, according to official news, the Web3 video content platform Gala Film announced that it will officially release its ecological token FILM on December 5, 2024. The token will serve as a reward and utility token for the platform. Users can get rewards by participating in platform activities, support high-quality projects, and unlock exclusive content.
Gala Film is built on the GalaChain blockchain, which is designed specifically for the entertainment industry, and adopts a free-to-watch model. The platform introduces the NFT "Moments" system, where holders can receive FILM rewards based on content performance. Users can also support decentralized network operations by operating Theater Nodes. The platform's previously issued temporary token POPCORN! will be converted into FILM at a fixed ratio.