MovieBloc price

MBL

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MovieBloc's mission is to solve problems caused by the domination of the theatre and home entertainment industry by conglomerates with its blockchain technology. The creators will get a transparent revenue share, audience data, and equal screening opportunity; the viewers will access diverse films and content, and get rewarded for providing curation, subtitles, and marketing materials to the community. Currently, more than 100 movies and dramas have been screened. In the long run, MovieBloc aims to create the largest film ecosystem centered on participants.

In February 2020, MovieBloc took over ‘Cobak’, a crypto community service in Korea and a mobile service that provides a crypto wallet, community, real-time ticker, news, airdrop, and token sale services. In Mar 2020, MovieBloc established MBL Media, a content IP development company. It will carry out IP development, production, and copyright management centered on animation and movie content as its main business. Ahn Hong-ju, one of MovieBloc’s advisor, has been appointed as CEO of MBL Media.

MovieBloc project was launched on 5 May 2019 by listing on Gate.io. MovieBloc has since listed on several exchanges such as Binance, Upbit, Bithumb, Coinone, Indodax, and MXC within a year. The official service was launched on 31 December 2019.

Platform MovieBloc recently moved to the Ontology mainnet.

MovieBloc, a pioneering Web3 independent film platform, leverages blockchain technology to revolutionize the film industry. By decentralizing film and content distribution, MovieBloc ensures transparency and equitable revenue sharing for creators. The platform's utility token, MBL, facilitates various services within this ecosystem.

Founded by Peter Kim, MovieBloc emerged from the Korean video streaming platform Pandora.tv as a reverse ICO project. Its mission is to counteract the dominance of conglomerates in the theatre and home entertainment sectors. Creators benefit from transparent revenue sharing, access to audience data, and equal screening opportunities. Viewers, in turn, enjoy diverse films and are rewarded for contributing curation, subtitles, and marketing materials.

In 2020, MovieBloc expanded by acquiring Cobak, a Korean crypto community service, and establishing MBL Media, focusing on content IP development and management. The platform's launch on May 5, 2019, was followed by its official service debut on December 31, 2019. MovieBloc has since transitioned to the Ontology mainnet, enhancing its blockchain capabilities.

MBL tokens are integral to the MovieBloc ecosystem, used for premium content access, translation services, donations, and rewarding users for activities like reporting illegal content and providing film reviews. This structure fosters a collaborative and transparent environment for both creators and audiences.

Imagine a world where filmmakers and viewers connect directly, bypassing traditional intermediaries. This is the vision behind MovieBloc, a decentralized platform that leverages blockchain technology to create a transparent and equitable ecosystem for content distribution. At the heart of MovieBloc is the Ontology blockchain, which provides the infrastructure necessary for secure and efficient transactions. Ontology is known for its high-performance public blockchain that supports robust smart contract functionality, enabling MovieBloc to offer a decentralized environment where content creators and viewers can interact seamlessly.

Blockchain technology, the backbone of MovieBloc, ensures transparency and fairness by recording all transactions on a public ledger. This ledger is immutable, meaning once data is recorded, it cannot be altered or deleted. This feature is crucial in preventing fraudulent activities and ensuring that all participants in the MovieBloc ecosystem are treated fairly. For instance, when a filmmaker uploads a movie, the terms of distribution and revenue sharing are encoded into a smart contract. This contract automatically executes when conditions are met, ensuring creators receive their fair share without delay.

Security is another critical aspect of the blockchain technology employed by MovieBloc. The decentralized nature of the blockchain makes it resistant to attacks from bad actors. Unlike traditional centralized systems, where a single point of failure can be exploited, the blockchain is distributed across numerous nodes. Each node holds a copy of the entire blockchain, and any attempt to alter data would require consensus from the majority of these nodes. This consensus mechanism, often referred to as Proof of Stake (PoS) in Ontology's case, ensures that the network remains secure and trustworthy.

MovieBloc's mission extends beyond just providing a platform for content distribution. It aims to empower creators by offering them access to audience data and equal screening opportunities. This democratization of the film industry allows independent filmmakers to reach audiences they might not have been able to access through traditional channels. Viewers, on the other hand, benefit from a diverse range of films and content, and they can earn rewards for their contributions to the community, such as providing subtitles or marketing materials.

The MBL token plays a vital role in the MovieBloc ecosystem. It facilitates various economic activities, such as paying for premium content, compensating translators, and rewarding users for their contributions. For example, a viewer might use MBL to watch a premium movie, while a creator might use it to hire a translator for their film. This token-based economy ensures that all participants are incentivized to contribute positively to the platform.

In addition to its core platform, MovieBloc has expanded its reach by acquiring Cobak, a crypto community service in Korea, and establishing MBL Media, a content IP development company. These strategic moves aim to enhance MovieBloc's capabilities in content production and distribution, further solidifying its position in the decentralized content ecosystem.

MovieBloc (MBL) emerges as a transformative force in the film industry, leveraging blockchain technology to create a decentralized platform for movie and content distribution. At its core, MovieBloc provides a space for independent filmmakers to showcase their work, breaking free from the constraints of traditional media conglomerates. This platform empowers creators by offering transparent revenue sharing, access to audience data, and equal screening opportunities. For viewers, it opens doors to a diverse array of films and content, rewarding them for their contributions in curation, subtitles, and marketing.

The platform's real-world applications extend beyond mere content distribution. MovieBloc facilitates economic activities within its ecosystem using the MBL token. Users can watch premium content, creators can pay for translation services, and participants can donate to creators and translators. Additionally, users are incentivized with rewards for reporting illegal content, rating films, and writing reviews, fostering an engaged and active community.

MovieBloc's integration with the Ontology mainnet enhances its blockchain capabilities, ensuring secure and efficient transactions. The acquisition of Cobak, a crypto community service, further strengthens its ecosystem by providing a comprehensive suite of services, including a crypto wallet, community engagement, and real-time updates.

MBL Media, a subsidiary of MovieBloc, focuses on content IP development, production, and copyright management, particularly in animation and movie content. This initiative underscores MovieBloc's commitment to expanding its influence in the entertainment industry, aiming to build the largest film ecosystem centered around its participants.

Through these applications, MovieBloc not only democratizes the film industry but also fosters a vibrant community where creators and viewers collaborate and thrive.

MovieBloc, a decentralized platform for movie and content distribution, leverages blockchain technology to create a transparent ecosystem for filmmakers and viewers. Founded by Peter Kim and originating from the Korean video streaming platform Pandora.tv, MovieBloc aims to disrupt the traditional film industry by empowering creators and offering viewers more control over their content choices. The platform's cryptocurrency, MBL, facilitates various economic activities within this ecosystem.

In May 2019, MovieBloc made its debut by listing on Gate.io, marking its entry into the cryptocurrency market. This launch was followed by listings on other major exchanges, including Binance, Upbit, and Bithumb, expanding its reach within the crypto community. By the end of 2019, MovieBloc had officially launched its service, providing a platform for diverse films and content.

February 2020 saw MovieBloc's acquisition of Cobak, a Korean crypto community service, enhancing its capabilities with features like a crypto wallet and real-time ticker. This strategic move was complemented by the establishment of MBL Media in March 2020, focusing on content IP development, production, and copyright management, particularly in animation and movie content. Ahn Hong-ju, an advisor to MovieBloc, was appointed CEO of MBL Media, underscoring the company's commitment to expanding its content offerings.

MovieBloc's mission is to address the challenges posed by conglomerate dominance in the film industry. By utilizing blockchain technology, the platform ensures transparent revenue sharing, access to audience data, and equal screening opportunities for creators. Viewers benefit from a wide array of films and content, with incentives for contributing to the community through curation, subtitles, and marketing materials.

The platform's transition to the Ontology mainnet further solidified its technological foundation, enhancing its blockchain capabilities. This move was part of MovieBloc's broader strategy to create the largest film ecosystem centered around its participants.

In addition to its technological advancements, MovieBloc has engaged its community through various promotional events. A free movie promotion on their website allowed users to experience the platform's offerings firsthand. A follow and retweet airdrop event on Medium helped increase engagement and awareness of the platform. Additionally, a trade and win event on Binance provided incentives for trading MBL, further integrating the cryptocurrency into the broader crypto market.

Through these strategic developments and community-focused initiatives, MovieBloc continues to build a robust ecosystem that empowers creators and enriches the viewing experience for audiences worldwide.