Mogul production is bringing a new way to look at movie and film production and also the way fans interact with movie producers and movies produced in the entertainment industry, all while using blockchain technology.
One of the outstanding features of Mogul is giving Fans the ability and privilege to decide on movies they want to see produced through a democratic voting system.
The movie industry has always been centralized and in the hand of a few movie production platforms. Because of this centralized nature, viewers’ insights are not usually needed when producing movies, movie lovers usually are limited in their inclusion of the movie production stages.
But by using blockchain technology, Mogul brings together film financiers, creators, and viewers into a unifying platform where everyone can participate and be rewarded. Newbie Filmmakers can easily access funds, while users earn tokens and incentives from voting on choice movies.
Since launch in April 2021, and using the Mogul platform unique token STARS, users who own this token can vote on films to be greenlit for production.
As part of their plans to cut out a big chunk of the movie industry, Mogul production teamed up with renowned Marvel and DC comics artist, Rob Prior, to produce their first-ever proof of origin NFT. The NFT was then sold through a bid on the platform for a total sum of 5,500,000 STARS tokens, equivalent to $182,000.
Mogul production has basically done everything they said they would under a year after launching, for instance, the first movie to be financed and releases through the Decentralized film financing by Mogul is title BONDED.
Bonded is based on a true story of a young boy who is smuggled into Los Angeles and sold to work in a sweatshop.
This is just proof that Mogul works and is here to stay. For new movie producers, looking to produce movies of their own but without funding, you can now submit your scripts however, know that the decision to pick a movie to be produced is through an open fair voting system.