MovieBloc

MovieBloc (MBL) is a decentralized movie and content distribution platform based on the Ontology blockchain. It aims to revolutionize the film industry by creating a transparent revenue share, audience data, and equal screening opportunities for content creators. Viewers have access to a variety of content and are rewarded for contributing to the ecosystem through curation, marketing, and more. The MBL token is used for all payment-related services within the MovieBloc ecosystem, including premium content access, translation, design services, and rewarding users for their contributions.

• Utility:

• MBL token is used for payment-related services within the ecosystem.

• Distribution:

• Total supply of 30 billion MBL tokens.

• Gate.io

• Startup Sale:

• 8% of the total supply.

• Private Sale:

• 3% of total supply.

• Ecosystem:

• 43% of the total supply.

• MovieBloc Foundation:

• 10% of total supply.

• Team:

• 15% of total supply.

• Ontology Foundation:

• 10% of the total supply.

• Airdrop:

• 11% of total supply.

As of today #{today’s date}, the price of MovieBloc is ₹0.35 INR or 0.003949 USD, with a 24-hour trading volume of 18027887.46 USD. The market capitalization for MovieBloc is 70236327.31USD. The circulating supply is 18048553881 MovieBloc, with the total supply also being 30000000000 MovieBloc.

Pros:

• Decentralized Distribution:

• Offers a decentralized platform for movie distribution, reducing the dominance of large corporations.

• Transparent Revenue Sharing:

• Ensures creators receive a fair share of revenue through blockchain technology.

• Community Engagement:

• Rewards users for contributing to the ecosystem, such as reporting illegal content and reviewing films.

• Partnerships:

• Strong partnerships with platforms like

• Pandora.TV

• and KMPlayer, which have millions of users.

• Regular Updates and Community Growth:

• Active development with regular updates and strategies for community growth.

Cons:

• Competition:

• Faces stiff competition from established giants like Netflix, HBO, and Amazon.

• Early Stage:

• The project is in its early stages, with no alpha version or testnet available yet.

• Market Adoption:

• Requires widespread adoption for success, which can be challenging in a competitive market.

• Regulatory Risks:

• As with all crypto projects, it faces potential regulatory challenges across different jurisdictions.

• Dependence on Blockchain Technology:

• Success is heavily reliant on the underlying blockchain technology and its adoption.

• Innovative Platform:

• Offers a unique solution to the problems facing the film industry, including distribution and revenue sharing.

• Strong Community and Partnerships:

• Backed by significant partnerships and a growing community, enhancing its potential for success.

• Rewarding Ecosystem:

• Provides incentives for various participants, including creators, viewers, and contributors.

• Potential for Growth:

• The entertainment industry is vast, and MovieBloc’s innovative approach could capture a significant market share.

• Blockchain Adoption:

• As blockchain technology becomes more mainstream, MovieBloc is well-positioned to benefit from increased adoption.

• Decentralized Film Distribution:

• Unlike traditional platforms, MovieBloc offers a decentralized approach, giving more power to creators and viewers.

• Transparent and Fair Revenue Model:

• Utilizes blockchain technology to ensure a transparent and fair revenue distribution model.

• Community Engagement and Rewards:

• Unique in rewarding its community for its contributions, fostering a more engaged and active ecosystem.

MovieBloc addresses the issue of centralized control in the film industry, where a few large corporations dominate distribution and revenue sharing. It aims to democratize the industry by providing a decentralized platform where creators have equal opportunities to showcase their work, and viewers can access a wider range of content. The platform also ensures transparent revenue sharing and rewards community participation.

The project was founded by Chris Kang, Jeffrey Jin, and Peter Kim. While specific backgrounds are not detailed in the provided sources, their leadership has steered MovieBloc towards addressing key issues in the film industry with blockchain technology.

• IEO Price:

• The IEO price was $0.0012 per MBL during the

• Gate.io

• startup sale.

• Listing Date:

• The token sale occurred on 3rd May 2019.

• Initial Allocated Units:

• 2,400,000,000 MBL tokens were sold during the

• Gate.io

• startup sale, and 900,000,000 MBL tokens were allocated for the private sale.

• High Competition:

• Competing against established industry giants with significant resources.

• Adoption Challenges:

• Requires widespread adoption by both creators and viewers for success.

• Regulatory Uncertainty:

• Potential regulatory changes could impact the platform’s operation.

• Technology Dependence:

• Relies on the Ontology blockchain, and any issues with this technology could affect MovieBloc.

• Early Stage Risks:

• As an early-stage project, there are inherent risks associated with development and market acceptance.

The MovieBloc whitepaper outlines a comprehensive plan to revolutionize the film industry through blockchain technology. MovieBloc aims to address the challenges faced by filmmakers and audiences due to the current industry’s oligopoly and vertical integration, which limits funding opportunities, creates revenue distribution problems, and restricts film distribution. The platform’s mission is to create a decentralized, participant-centric film ecosystem that ensures transparent revenue share, audience data access, and equal screening opportunities for creators while providing viewers with diverse content.

Current Film Industry Challenges

The whitepaper identifies several key issues within the existing film industry structure:

• Industry Oligopoly & Vertical Integration:

• Major studios and conglomerates dominate production, distribution, and exhibition, limiting the variety of content available to consumers and the opportunities for independent filmmakers to showcase their work.

• Limited Funding Opportunities:

• Filmmakers are often forced to conform to commercial-centric ideas to secure funding, which stifles creativity and diversity in the film market.

• Revenue Problem:

• Independent films struggle to secure regular screenings and face unfavorable revenue share agreements with VOD services, while platforms like YouTube require significant viewership for monetization.

• Nontransparent Revenue Share and Data:

• The lack of transparency in sales reports and audience data hinders creators’ ability to understand and grow their viewership.

MovieBloc’s Solution

MovieBloc proposes a blockchain-based solution to decentralize the film industry and create an ecosystem that benefits all participants, including creators, curators, translators, reviewers, and viewers. The platform’s key features include:

• Decentralizing the Film Industry:

• By running blockchain-based online festivals and enabling direct interactions between creators and viewers, MovieBloc aims to discover quality movies and talented new creators, ensuring fair compensation and recognition.

• Supporting Creators:

• Creators are guaranteed up to 90% of the revenue, can set their own pricing and distribution conditions, and benefit from the contributions of curators, translators, and designers to reach a global audience.

• Transparent Reward and Data:

• Blockchain technology ensures transparent and fair reward distribution based on smart contracts while providing creators with valuable audience insights.

• Worldwide Screen:

• In partnership with KMPlayer, MovieBloc will deliver films to a global audience, leveraging the player’s extensive user base to reduce marketing costs and increase content accessibility.

Ecosystem and Architecture

The MovieBloc ecosystem consists of three layers: Community (.BLOC), Market, and Fundraising. The Community Layer connects all participants, the Market Layer facilitates the trading of films, subtitles, and marketing materials, and the Fundraising Layer motivates creators through film festivals and donation channels. The platform’s architecture is designed to combine the transparency and security of blockchain with the high performance and scalability of existing services, ensuring a seamless user experience.

Token Economy

The MBL token serves as the currency for economic activities within the ecosystem, including watching premium content, compensating translators and designers, donating to participants, depositing for screen expansion by curators, and rewarding users for contributions such as reporting illegal content and writing film reviews.

Conclusion

MovieBloc’s innovative approach aims to democratize the film industry, empowering creators and providing audiences with a richer, more diverse content experience. By leveraging blockchain technology, MovieBloc seeks to establish a fair, transparent, and participant-centric film ecosystem that addresses the current industry’s limitations and opens up new opportunities for content creation, distribution, and consumption.