Mogul production is a decentralized NFT financing platform and marketplace that connects creators, movie fans, and movie sponsors in one integrated space. By using blockchain technology, NFTs, and a token-based system, Mogul can reward participants and users who are engaged on the platform.
For easy understanding, NFTs are non-fungible tokens and they represent a unit of data stored on a blockchain to prove that a digital asset is unique and cannot be interchangeable. In other words, they are used to digitally show the authenticity and originality of any digital asset.
However, with Mogul production, their core focus is on movies as a digital asset.
As a decentralized film financing and movie-based NFT platform, they practice a democratic governing system that gives users the ability to vote on the movie they want to see produced and funded. Other key decisions on the platform are also made via a voting system using the platform’s utility token called STARS.
With Mogul productions, for the first time in movie production history, users and viewers alike can participate in exclusive and exciting opportunities and become a part of the film process from pre-production to post-production. By giving everyone a voice, movie producers can actually make movies, viewers want to see and viewers can decide on movies they really want to see.
By using blockchain technology, Mogul production brings to us the future of the entertainment industry. The creation of exciting opportunities for film and movie producers, actors, and their fans while still providing the ability to earn passive income is the first of its kind.
Built on the largest smart contract enabled blockchain, Ethereum, Mogul productions ensure there is continuity in their approach to integrating Movies with NFTs. And everything they have done shows this is an emerging market, one that needs the support of everyone in the crypto space.