Crypto Fans Aim To Turn Blockbuster Into A Socialist Streaming Utopia

[ad_1]

We are dangerously approaching a time when Blockbuster nostalgia is becoming as stale as VHS tapes. Considering the iconic brick and mortar video rental chain that started in 2004 and only supports one real store today, Gen Z and their cultural heirs to the throne of the Generation Alpha (look for it) will find it increasingly difficult to adjust to the height of home entertainment of the 90s and early 2000s. This may be one of the reasons why a Crypto brother group is hoping to buy out the current Blockbuster owners at Dish Network using a Decentralized Autonomous Organization (DAO) to raise funds.

Citing a mission to ‘liberate’ the Blockbuster name and transform it into ‘the very first DeFilm streaming platform and a mainstay of Web3 brands and products’, the BlockbusterDAO is currently seeking funders to contribute to a goal. of $ 5 million. . Just buy some newly created NFT Blockbuster DAOs at 0.13 ETH each … which don’t exist yet, nor does an official site, although the BlockbusterDAO Discord promises both will come in the near future.

I wish them the best, seeing as a similar plan to buy the US Constitution went so well last month.

Kevork Djansezian / Getty Images News / Getty Images

From Obsolescence to the Oscars – In a long Twitter thread, the minds behind BlockbusterDAO laid out their plans and reasoning in an attempt to wrest the brand away from its current owners. In short (very short), Blockbuster’s resilient nostalgia, coupled with its potentially very low price tag, could easily lend itself to an example of a truly successful and remarkable DAO project that, in their words, could even “revolutionize creative decision-making.” and financing the film and television industries forever.

If BlockbusterDAO really took hold of the original business, its organizers envision a near future that would include collectively decided intellectual property decisions and purchases that contribute to a new vault of original Blockbuster movies and series similar to that of the original Blockbuster. ‘other streaming services. “There are MANY directions this could go on the consumer side,” admit the organizers, including “film derivatives, releasing intellectual property for public / private sale and / or some sort of program. award for collecting consumer data ”. Mention is also made of the Oscars and annual sales of $ 1 billion.

All of this, of course, would take place on the hotly-trending Web3, but still up in the air, literally and figuratively, so take it the way you want.

Just ridiculous enough to work – And yet … why do I feel like it might work somehow? I don’t approve of the plan in any way, but if some crypto bros manage to raise $ 47 million for a copy of the Constitution then it’s easy to see ’90s nostalgia fetching $ 5 million in no time. . If Dish Network then took the offer (that’s a really big “if”, of course, seeing as it’s well aware of name recognition), well… you would. Blockbuster would be owned by a DAO.

Who the hell knows, that’s what I’m trying to say here. 2021 was quite strange for the economy of cryptocurrency memes; let’s see what 2022 has to offer.

[ad_2]