MBL
A nice project
Co-founded by Chris Kang, Jeffrey Jin, and Peter Kim, MovieBloc is an ICO project run by Korean video streaming platform Pandora.tv. In other words, MovieBloc is a decentralized movie and content distribution platform.
MBL is the native cryptocurrency of the MovieBloc platform. MovieBloc is a blockchain-based movie and content distribution platform that aims to bring transparency and decentralization to the movie industry. Launched in 2019, the platform aims to break the dominance of large companies, especially in the film production and distribution process.
MovieBloc states in its whitepaper that oligopoly and vertical integration in the film industry make it difficult for small and new players to enter the market. This restricts viewers from accessing a wider variety of content. To overcome these problems, MovieBloc aims to provide transparency in transaction processes by using smart contracts.
Creators of video content such as movies can receive MBL payments by publishing their content on the platform. These contents are published with completely transparent view counts. In addition, users who add elements such as subtitles to video and film content on the platform are also rewarded with MBL tokens.
In addition, anyone who creates an independent film or owns intellectual property rights in a specific country can earn money by uploading a film to the platform. The price of the film is determined by the person uploading the film. According to the statements made, it may be difficult to earn money as a paid film for short films, so it may be a better option to publish short films for free. At this point, it is stated that users can earn money through ads even if they publish for free
